MILLIRE ENG2024

LIABILITIES IV- Long-Term Liabilities Note Audited Current Period December 31, 2024 Audited Prior Period December 31, 2023 A- Borrowings 168.154.917 111.904.160 1- Loans to Financial Institutions - - 2- Finance Lease Payables - - 3- Deferred Finance Lease Borrowing Costs (-) - - 4- Bonds Issued - - 5- Other Issued Financial Assets - - 6- Value Differences on Issued Financial Assets (-) - - 7- Other Financial Borrowings (Liabilities) 20 168.154.917 111.904.160 B- Payables From Main Operations 38.880 5.502 1- Payables Due to Insurance Operations - - 2- Payables Due to Reinsurance Operations - - 3- Cash Deposited by Insurance & Reinsurance Companies 19 38.880 5.502 4- Payables Due to Pension Operations - - 5- Payables from Other Operations - - 6- Discount on Other Payables From Main Operations (-) - - C- Due to Related Parties - - 1- Due to Shareholders - - 2- Due to Affiliates - - 3- Due to Subsidiaries - - 4- Due to Joint Ventures - - 5- Due to Personnel - - 6- Due to Other Related Parties - - D- Other Payables - - 1- Deposits and Guarantees Received - - 2- Due to SSI regarding Treatment Expenses - - 3- Other Payables - - 4- Discount on Other Payables (-) - - E- Insurance Technical Reserves 1.539.374.995 867.302.669 1- Unearned Premiums Reserve - Net 17 2.611.211 3.630.893 2- Unexpired Risk Reserves - Net - - 3- Mathematical Reserves - Net - - 4- Outstanding Claims Reserve - Net - - 5- Provision for Bonus and Discounts - Net - - 6- Other Technical Reserves - Net 17 1.536.763.784 863.671.776 F- Other Liabilities and Provisions - - 1- Other Liabilities - - 2- Overdue, Deferred or By Instalment Other Liabilities - - 3- Other Liabilities and Expense Accruals - - G- Provisions for Other Risks 870.975.130 499.959.654 1- Provision for Employment Termination Benefits 23 216.432.709 160.676.648 2- Provisions for Employee Pension Fund Deficits 22,23 654.542.421 339.283.006 H- Deferred Income and Expense Accruals - - 1- Deferred Commission Income - - 2- Expense Accruals - - 3- Other Deferred Income - - I- Other Long Term Liabilities 1.396.147.593 989.946.667 1- Deferred Tax Liability 21 1.396.147.593 989.946.667 2- Other Long Term Liabilities - - IV- Total Long Term Liabilities 3.974.691.515 2.469.118.652 183 2024 Annual Report 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) GENERAL INFORMATION FINANCIAL RIGHTS PROVIDEDTOTHE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RISKS AND ASSESSMENT OF THE GOVERNING BODY ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES RESEARCH & DEVELOPMENT ACTIVITIES FINANCIAL STATUS FINANCIAL INFORMATION Consolidated Balance Sheet As of December 31, 2024