MILLIRE ENG2024

Gain and losses from financial assets Gains and losses recognized in the statement of income, net: 31 December 2024 31 December 2023 Interest income from bank deposits 5.555.701.762 1.814.696.661 Income from equity shares 825.520.587 101.868 Interest income from available-for-sale financial assets 2.478.210.941 (564.977.231) Foreign exchange gains 6.152.931.869 11.036.934.305 Income from investment funds reclassified as held for trading financial assets 7.300.325.854 3.219.684.053 Income from participates 904.218.444 599.301.192 Interest income from debt securities classified as held to maturity financial investments 16.081.663 24.641.815 Income from equity shares classified as held for trading financial assets 1.097.370.768 2.130.241.171 Interest income from repos 25.654 356 Income from derivative transactions 1.278.455.517 1.296.253.767 Gains transferred from the statement of equity to the statement of income on disposal of available for sale financial assets ( Note 15) (743.841.944) 1.773.575.731 Income from investment funds reclassified as available for sale financial assets 68.485.017 5.392.611 Other 18.158.829 1.952.318 Investment income 24.951.644.961 21.337.798.617 Foreign exchange losses (3.877.496.679) (5.082.238.998) Loss from disposal of financial assets (342.734.471) (858.310.002) Loss from valuation of financial assets (432.330.008) (82.669.203) Investment management expenses (including interest) (62.983.176) (214.728.643) Loss from derivative transactions (323.581.975) (576.504.323) Investment expenses (5.039.126.309) (6.814.451.169) Investment income, net 19.912.518.652 14.523.347.448 Financial gains and losses recognized in equity, net: 31 December 2024 31 December 2023 Fair value changes in available for sale financial assets (Note 15) (455.436.612) 2.573.917.705 Gains transferred from the statement of equity to the statement of income on disposal of available for sale financial assets ( Note 15) 743.841.944 (1.773.575.731) Total 288.405.332 800.341.974 Capital management The Company’s capital management policies include the following: - To comply with the insurance capital requirements required by the Republic of Turkey Ministry of Treasury and Finance - To safeguard the Company’s ability to continue as a going concern “Regulation on Measurement and Assessment of Capital Adequacy of Insurance, Reinsurance and Pension Companies” has been recorded as TL 7.144.638.233 as the required equity capital amount in the plans made by the Company as of December 31, 2024. As of December 31, 2024, the Company’s equity capital determined according to capital adequacy regulations is TL 16.658.776.868 and since the unmanaged calculated capital adequacy continues to be provided, there is a capital surplus of TL 9.514.138.635 as of December 31, 2024. 234 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

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