MILLIRE ENG2024

As of December 31, 2024, and 2023, movements of the insurance liabilities and related reinsurance assets are presented below: Unearned premiums reserve 31 December 2024 Gross Ceded SSI Share Net Unearned premiums reserve at the beginning of the period 28.701.633.588 (4.797.310.036) (343.265.174) 23.561.058.378 Written premiums during the period 82.634.133.111 (20.350.894.270) (901.370.600) 61.381.868.241 Earned premiums during the period (69.219.967.311) 18.961.693.017 697.762.553 (49.560.511.741) Unearned premiums reserve at the end of the period 42.115.799.388 (6.186.511.289) (546.873.221) 35.382.414.878 Unearned premiums reserve 31 December 2023 Gross Ceded SSI Share Net Unearned premiums reserve at the beginning of the period 15.226.687.322 (2.523.561.505) (265.022.490) 12.438.103.327 Written premiums during the period 53.164.163.951 (12.109.441.785) (579.640.598) 40.475.081.568 Earned premiums during the period (39.689.217.685) 9.835.693.254 501.397.914 (29.352.126.517) Unearned premiums reserve at the end of the period 28.701.633.588 (4.797.310.036) (343.265.174) 23.561.058.378 Outstanding claims reserves 31 December 2024 Gross Ceded Net Outstanding claims reserve at the beginning of the period 37.463.982.203 (16.122.814.162) 21.341.168.041 Claims reported during the period and changes in the estimations of outstanding claims reserves provided at the beginning of the period 45.403.132.760 (6.400.571.908) 39.002.560.852 Claims paid during the period (42.278.328.356) 11.042.380.859 (31.235.947.497) Outstanding claims reserve at the end of the period 40.588.786.607 (11.481.005.211) 29.107.781.396 Outstanding claims reserves 31 December 2023 Gross Ceded Net Outstanding claims reserve at the beginning of the period 17.762.063.356 (4.562.215.886) 13.199.847.470 Claims reported during the period and changes in the estimations of outstanding claims reserves provided at the beginning of the period 57.783.969.192 (29.960.202.982) 27.823.766.210 Claims paid during the period (38.082.050.345) 18.399.604.706 (19.682.445.639) Outstanding claims reserve at the end of the period 37.463.982.203 (16.122.814.162) 21.341.168.041 Claims Development Table for the Subsidiary Anadolu Sigorta The main assumption used in estimating the provision for outstanding claims is Anadolu Sigorta’s previous experience of loss development. The Company management uses its own judgments in determining how external factors such as legal decisions or changes in laws will affect the outstanding claim provision. The sensitivity of some variables, such as legal changes and uncertainties in the estimation process, is not measurable. In addition, long delays between the occurrence of the damage and the time the payment is made prevent the precise determination of the provision for outstanding claims as of the end of the reporting period. Therefore, the total liabilities may change depending on the subsequent developments and the differences resulting from the re-estimation of the total liabilities are reflected in the financial statements in the following periods. 250 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