MILLIRE ENG2024

1.8 Information on the financial statements as to whether they comprise an individual Company or a group of companies The accompanying financial statements include the consolidated financial information of the Company and the financial information of the Singapore Branch, and information on the consolidation principles applied is detailed in note 2.2 - Consolidation. As at December 31, 2024, the Company owns 57,31% of its subsidiary, Anadolu Anonim Türk Sigorta Şirketi (“Anadolu Sigorta”) and 100% of Miltaş A.Ş. (“Miltaş”) are included in the scope of consolidation by line-by-line method. Anadolu Hayat Emeklilik AŞ (“Anadolu Hayat”) is associate of Anadolu Sigorta and is consolidated by equity method with share of 21,00% (effective percentage of share: 12,46%) in the consolidated financial statements as at December 31, 2024 and 2023. Anadolu Sigorta as a subsidiary Company of the Group, is operating in almost all of the none-life insurance branches composed of casualty, health, general losses, land vehicles liability, aircraft liability, general liability, credits, financial losses and legal protection. The activities of Anadolu Hayat involve providing individual and group insurance and reinsurance services relating to group life, individual life, retirement and related personal Casualty branches, establishing retirement funds, developing internal rules and regulations related to these funds, carrying out retirement, annual income insurance, portfolio management and custody contracts for the assets of the funds held in custody The subsidiary of the Company, Miltaş is engaged in all kinds of construction works, providing construction and contracting services domestically and internationally; carries out various architecture, engineering, construction, assembly, installation, landscaping, interior design, decoration jobs by executing studies, projects, supervision, consultancy and contracting services domestically and internationally; operates places in accommodation, leisure, travel, entertainment, sports, food and beverage by opening, leasing, subleasing and managing such places; engaging in all kinds of sports activities, leasing, subleasing and operating facilities of this kind. The Miltaş Sports Complex has been serving the insurance sector since 1986 with its facilities in various sports, particularly tennis. The International Insurance Tennis Tournament has been held every June at this Complex since 1986, providing a unique environment for local and foreign reinsurers and brokers. In addition to tennis and basketball courses organized every year for youngsters, private tennis lessons are available for adults in the Complex. 1.9 Name or other identity information about the reporting entity and the changes in this information after previous reporting date Trade name of the Company : Millî Reasürans Türk Anonim Şirketi Registered address of the head office : İş Kuleleri, Kule 3, Kat: 20-21-22-24 34330 Levent, Beşiktaş,/İstanbul The web page of the Company : www.millire.com 1.10 Subsequent events The consolidated financial statements prepared as of December 31, 2024, were approved by the Company’s Board of Directors on February 28, 2025. 2 Summary of significant accounting policies 2.1 Basis of preparation 2.1.1 Information about the principles and the specific accounting policies used in the preparation of the financial statements The Company prepares its consolidated financial statements in accordance with the regulations published by the Insurance and Private Pension Regulation and Supervision Agency (SEDDK). Prior to the establishment of the SEDDK and the initiation of regulatory activities in the insurance sector, the insurance legislation related to financial reporting was published by the Ministry of Treasury and Finance. The preparation of consolidated financial statements is based on the principles of the “Insurance Accounting and Financial Reporting Legislation,” which includes the accounting and financial reporting regulations in force due to the insurance legislation, as well as the provisions of the Turkish Financial Reporting Standards (TFRS) for matters not regulated by these. 195 2024 Annual Report Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) Notes to the Consolidated Financial Statements As of December 31, 2024 (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