MILLIRE ENG2024

As at reporting date; the interest rate profile of the Group’s interest earning financial assets and interest bearing financial liabilities are detailed as below: December 31, 2023 December 31, 2022 Financial assets Financial assets with fixed interest rates: 33.177.448.358 20.004.036.166 Cash at banks (Note 14) (*) 21.746.841.481 8.423.293.622 Available for sale financial assets - Government bonds (Note 11) 8.104.495.786 8.454.980.584 Cash deposited to insurance and reinsurance companies (Note 12) 1.683.352.236 1.512.369.005 Available for sale financial assets - Private sector bonds (Note 11) 1.305.803.973 1.283.859.676 Held for trading financial assets - other (Note 11) - 93.498 F.V. held to maturity - government debt securities (Note 11) 336.954.882 329.439.781 Financial assets with variable interest rate: 4.298.848.755 5.125.125.038 Available for sale financial assets - Private sector bonds (Note 11) 204.594.989 152.181.667 Available for sale financial assets - Government bonds (Note 11) 2.945.188.166 2.334.986.132 FX-protected deposits 1.149.065.600 2.637.957.239 Financial liabilities: Financial liabilities with fixed interest rate:: 230.916.234 144.295.014 Payables from operating leases (Note 34) 230.916.234 144.295.014 (*) Demand deposits amounting to TRY 665.175.192 are not included (December 31, 2023: TL 1.255.575.050). Fair value information The estimated fair values of financial instruments have been determined using available market information, and where it exists, appropriate valuation methodologies. The Group has classified its financial assets as held for trading or available for sale, As at the reporting date, available for sale financial assets and financial assets held for trading are measured at their fair values based on their quoted prices or fair value information obtained from brokers in the accompanying consolidated financial statements. Group management estimates that the fair value of other financial assets and liabilities are not materially different than their carrying values. Classification relevant to fair value information TFRS 7 - Financial instruments: Disclosures requires the classification of fair value measurements into a fair value hierarchy by reference to the observability and significance of the inputs used in measuring fair value of financial instruments measured at fair value to be disclosed. This classification basically relies on whether the relevant inputs are observable or not. Observable inputs refer to the use of market data obtained from independent sources, whereas unobservable inputs refer to the use of predictions and assumptions about the market made by the Group. This distinction brings about a fair value measurement classification generally as follows. Level 1: Fair value measurements using quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2: Fair value measurements using inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (as prices) or indirectly (derived from prices); Level 3: Fair value measurements using inputs for the assets or liability that are not based on observable market data (unobservable inputs). Classification requires the utilization of observable market data, if available. 232 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) MİLLİ RE