MILLIRE ENG2024

LIABILITIES III- Short-Term Liabilities Note Audited Current Period December 31, 2024 Audited Prior Period December 31, 2023 A- Borrowings 62.761.317 32.390.854 1- Loans to Financial Institutions - - 2- Finance Lease Payables - - 3- Deferred Finance Lease Borrowing Costs (-) - - 4- Current Portion of Long Term Borrowings - - 5- Principal, Instalments and Interests on Issued Bills (Bonds) - - 6- Other Financial Assets Issued - - 7- Value Differences on Issued Financial Assets (-) - - 8- Other Financial Borrowings (Liabilities) 20 62.761.317 32.390.854 B- Payables From Main Operations 8.681.478.542 6.084.112.704 1- Payables Due to Insurance Operations 19 5.536.753.833 3.779.204.033 2- Payables Due to Reinsurance Operations 19 596.660.310 1.054.765.152 3- Cash Deposited by Insurance & Reinsurance Companies 19 391.336.121 154.050.372 4- Payables Due to Pension Operations - - 5- Payables from Other Operations 19 2.160.706.785 1.098.325.737 6- Rediscount on Other Payables From Main Operations (-) 19 (3.978.507) (2.232.590) C- Due to Related Parties 13.571.284 2.085.823 1- Due to Shareholders 19 193.699 193.699 2- Due to Affiliates - - 3- Due to Subsidiaries - - 4- Due to Joint Ventures - - 5- Due to Personnel 19 11.094.492 1.830.978 6- Due to Other Related Parties 19 2.283.093 61.146 D- Other Payables 19 1.077.319.956 668.894.604 1- Deposits and Guarantees Received 46.143.185 37.078.397 2- Due to SSI regarding Treatment Expenses 350.845.855 209.150.205 3- Other Payables 19 708.870.199 438.014.266 4- Discount on Other Payables (-) 19 (28.539.283) (15.348.264) E- Insurance Technical Reserves 17 66.245.191.436 46.660.903.986 1- Unearned Premiums Reserve - Net 17 35.379.803.667 23.557.427.485 2- Unexpired Risk Reserves - Net 17 1.757.606.373 1.762.308.460 3- Mathematical Reserves - Net - - 4- Outstanding Claims Reserve - Net 17 29.107.781.396 21.341.168.041 5- Provision for Bonus and Discounts - Net - - 6- Other Technical Reserves - Net - - F- Taxes and Other Liabilities and Relevant Provisions 19 1.811.692.682 800.540.106 1- Taxes and Dues Payable 796.559.372 530.240.046 2- Social Security Premiums Payable 86.137.747 41.942.887 3- Overdue, Deferred or By Instalment Taxes and Other Liabilities - - 4- Other Taxes and Liabilities - - 5- Corporate Tax Liability Provision on Period Profit 19 3.278.435.206 1.664.485.864 6- Prepaid Taxes and Other Liabilities on Period Profit (-) 19 (2.349.439.643) (1.436.128.691) 7- Provisions for Other Taxes and Liabilities - - G- Provisions for Other Risks - - 1- Provision for Employment Termination Benefits - - 2- Pension Fund Deficit Provision - - 3- Provisions for Costs - - H- Deferred Income and Expense Accruals 19 2.687.096.331 1.155.454.167 1- Deferred Commission Income 10 943.652.041 644.038.671 2- Expense Accruals 1.740.606.112 509.421.983 3- Other Deferred Income 2.838.178 1.993.513 I- Other Short Term Liabilities 45.871.704 22.210.647 1- Deferred Tax Liability - - 2- Inventory Count Differences - - 3- Other Short Term Liabilities 23 45.871.704 22.210.647 III -Total Short Term Liabilities 80.624.983.252 55.426.592.891 182 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) The accompanying notes are an integral part of these consolidated financial statements. (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish) MİLLİ RE Consolidated Balance Sheet As of December 31, 2024