MILLIRE ENG2024

Note Audited Current Period January 1- December 31, 2024 Audited Prior Period January 1- December 31, 2023 A. CASH FLOWS FROM THE OPERATING ACTIVITIES 1. Cash inflows from the insurance operations 59.986.501.570 46.662.245.743 2. Cash inflows from the reinsurance operations 7.686.408.782 30.957.075.145 3. Cash inflows from the pension operations - - 4. Cash outflows due to the insurance operations (-) (45.839.917.002) (41.096.628.696) 5. Cash outflows due to the reinsurance operations (-) (8.099.972.903) (32.657.768.872) 6. Cash outflows due to the pension operations (-) - - 7. Cash generated from the operating activities (A1+A2+A3-A4-A5-A6) 13.733.020.447 3.864.923.320 8. Interest payments (-) - - 9. Income tax payments (-) (2.647.761.047) (1.551.533.765) 10. Other cash inflows 220.947.142 1.218.208.561 11. Other cash outflows (-) (3.562.151.572) (1.318.502.273) 12. Net cash generated from the operating activities 7.744.054.970 2.213.095.843 B. CASH FLOWS FROM THE INVESTING ACTIVITIES 1. Sale of tangible assets 30.000.000 10.007 2. Purchase of tangible assets (-) 6, 8 (435.860.912) (415.423.583) 3. Acquisition of financial assets (-) 11 (86.941.749.515) (73.428.555.685) 4. Sale of financial assets 11 83.161.482.765 70.505.325.504 5. Interest received 5.414.026.424 2.389.795.410 6. Dividends received 287.038.441 73.552.552 7. Other cash inflows 2.512.141.657 4.631.651.998 8. Other cash outflows (-) (1.007.041.025) (5.530.046.063) 9. Net cash generated from the investing activities 3.020.037.835 (1.773.689.860) C. CASH FLOWS FROM THE FINANCING ACTIVITIES 1. Issue of equity shares - - 2. Cash inflows from the loans to policyholders - - 3. Payments of financial leases (-) (95.377.403) (9.143.022) 4. Dividend paid (-) - - 5. Other cash inflows - - 6. Other cash outflows (-) - - 7. Cash generated from the financing activities (95.377.403) (9.143.022) D. EFFECTS OF EXCHANGE RATE DIFFERENCES ON CASH AND CASH EQUIVALENTS 491.108.566 510.330.117 E. Net increase/(decrease) in cash and cash equivalents (A12+B9+C7+D) 11.159.823.968 940.593.078 F. Cash and cash equivalents at the beginning of the period 14 10.089.678.640 9.149.085.562 G. Cash and cash equivalents at the end of the period (E+F) 14 21.249.502.608 10.089.678.640 189 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 Statement of Cash Flows For the Year Ended December 31, 2024