MILLIRE ENG2024

The methods applied for estimating net cash flows of Anadolu Sigorta as of December 31, 2024, and 2023, along with the projected net cash flows for each main branch, are as follows: 31 December 2024 Branches Method Used 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Total Land Vehicles Liability Tablo 57 5.432.388.879 2.763.747.963 2.113.002.365 2.120.955.763 2.203.988.224 2.230.880.440 2.075.679.021 1.672.837.671 683.745.524 7.860.939 21.305.086.789 Land Vehicles Tablo 57 1.609.632.682 58.467.971 51.533 .001 24.016.205 11.909.903 5.336.351 (438.792) - - - 1.760.457.321 General Liability Tablo 57 768.290.273 846.249.078 794.850.917 903.493.647 1.070.484.280 1.047.497.547 992.788.019 812.633.702 400.348.404 112.411.433 7.749.047.300 Fire and Natural Disasters Tablo 57 2.354.107.054 285.557.334 124.840.836 68.016.478 25.158.071 8.469.697 3.319.702 - - - 2.869.469.172 General Losses Tablo 57 537.749.490 117.374.552 56.293.140 18.611.386 14.283.275 11.050.243 4.174.318 4.551.558 2.863.400 2.537.960 769.489.322 Life/Health Tablo 57 289.086.329 1.848.564 71.952 128.698 37.612 -28.140 (72.930) - - - 291.072.085 Accident Tablo 57 95.324.877 44.101.339 27.640.352 19.486.759 12.903.336 11.641.626 9.181.943 4.242.018 1.462.525 114.419 226.099.194 Marine Tablo 57 296.050.186 90.633.945 40.179.804 31.665.185 39.556.143 26.067.036 (4.526.271) (389.707) (4.295.071) -146.555 514.794.695 Sea Vehicles Tablo 57 488.951.694 123.178.940 34.347.974 24.437.685 22.168.619 22.617.887 6.522.398 3.680.955 1.163.645 6.769 727.076.566 Financial Losses Tablo 57 83.568.424 26.430.728 5.791.675 1.924.218 1.272.598 299.313 4.933 - - - 119.291.889 Air Vechicles Tablo 57 137.843.018 41.976.396 49.817.426 19.916.666 6.207.629 - - - - - 255.761.135 Legal Protection Tablo 57 1.790.553 1.197.525 799.552 534.766 353.194 107.879 11.579 - - - 4.795.048 Air Vechicles Liability Tablo 57 42.034.483 30.842.547 7.092.270 9.681.515 3.247.498 2.289.566 1.147.489 - - - 96.335.368 Credit Tablo 57 27.128.085 1.803.676 2.485.902 3.391.020 4.253.997 6.854.809 797.354 - - - 46.714.843 Surety Tablo 57 80.278.686 54.666.389 27.939.102 27.388.507 51.981.050 28.216.823 1.962.844 - - - 272.433.401 31 December 2023 Branches Method Used 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Total Land Vehicles Liability Tablo 57 4.054.176.523 2.192.246.766 1.655.001.901 1.529.280.363 1.456.391.473 1.314.058.125 1.182.349.973 1.019.304.205 573.629.828 85.113.473 15.061.552.630 Land Vehicles Tablo 57 1.396.126.657 50.712.622 44.697.525 20.830.631 10.330.141 4.628.523 (380.591) - - - 1.526.945.508 General Liability Tablo 57 567.934.750 622.280.863 550.364.898 615.931.165 536.424.860 538.906.742 434.144.352 459.654.523 225.013.642 108.512.029 4.659.167.824 Fire and Natural Disasters Tablo 57 1.890.593.800 229.332.360 100.260.228 54.624.334 20.204.558 6.802.051 2.666.068 - - - 2.304.483.399 General Losses Tablo 57 446.106.117 103.899.461 46.907.123 18.062.326 14.515.325 16.488.831 1.829.026 (2.032.473) (1.090.279) 101.155 644.786.612 Life/Health Tablo 57 109.458.148 699.931 27.243 48.730 14.241 (10.655) (27.614) - - - 110.210.024 Accident Tablo 57 62.740.841 27.840.611 14.982.285 11.482.465 7.890.435 5.000.267 4.757.756 1.226.956 434.732 100.632 136.456.980 Marine Tablo 57 219.118.072 90.677.022 28.687.824 12.159.328 26.872.865 30.152.839 (1.234.735) (880.872) 1.693.538 813.896 408.059.777 Sea Vehicles Tablo 57 406.143.965 71.438.855 21.467.950 23.222.479 17.740.700 7.340.592 1.222.947 299.692 55.955 1.026 548.934.161 Financial Losses Tablo 57 63.490.444 20.080.535 4.400.179 1.461.909 966.846 227.401 3.747 - - - 90.631.061 Air Vechicles Tablo 57 89.706.715 27.317.775 32.420.631 12.961.547 4.039.856 - - - - - 166.446.524 Legal Protection Tablo 57 868.187 580.645 387.679 259.293 171.254 52.307 5.615 - - - 2.324.980 Air Vechicles Liability Tablo 57 38.423.406 74.018.588 803.535 839.648 1.658.813 3.002.824 16.782 117.982 217.799 - 119.099.377 Credit Tablo 57 22.039.071 1.465.320 2.019.566 2.754.891 3.455.981 5.568.901 647.779 - - - 37.951.509 Surety Tablo 57 8.792.280 5.987.171 3.059.946 2.999.643 5.693.067 3.090.362 214.975 - - - 29.837.444 According to the Temporary Article 12 of the Regulation Amending the Tariff Implementation Principles in Mandatory Motor Third Party Liability Insurance, published in the Official Gazette dated July 11, 2017, numbered 30121, a “High-Risk Policyholders Pool” has been established for groups of vehicles and/or classes with high claims frequency, effective from April 12, 2017. Within this framework, starting from April 12, 2017, the premiums and claims amounts related to motor vehicle insurance policies issued under the pool have begun to be allocated among insurance companies based on the principles determined by the Turkish Motor Vehicles Bureau and the Insurance and Private Pension Regulation and Supervision Agency. After the changes in the regulations, Anadolu Sigorta has established its accounting records based on the monthly statements finalized and communicated by the Turkish Motor Vehicles Bureau (TMVB), which include the premiums, claims, and commission amounts transferred to the pool and received from the pool for its share. Within the scope of this pool application, Anadolu Sigorta has estimated the ultimate loss/claim ratio based on the pool policies it produces and calculated the provisions for incurred but not reported claims for the transferred and received pool portfolio in accordance with this estimate. According to the Communiqué on the Procedures and Principles Regarding the Institutional Contribution in Mandatory Liability Insurance for Medical Malpractice, published in the Official Gazette dated October 7, 2017, numbered 30203, rules have been established for the sharing of premiums and claims related to Mandatory Liability Insurance for Medical Malpractice. The transactions related to this sharing are managed by Türk Reasürans A.Ş. In this context, starting from October 1, 2017, the premium and claim amounts related to the policies issued have begun to be distributed among insurance companies based on the principles determined by the Insurance and Private Pension Regulation and Supervision Agency. Following the regulatory changes, Anadolu Sigorta has established its accounting records based on the monthly statements finalized and communicated by Türk Reasürans A.Ş., which include the premiums, claims, and commission amounts transferred to the pool and received from the pool for its share. 217 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