MILLIRE ENG2024

Distribution of new participants in terms of their numbers and gross and net contributions for individuals and groups None. Distribution of new participants in terms of their numbers and gross and net contributions for individuals and groups which were transferred from other insurance companies during the year None. Distribution of individual and group participants and their gross and net contributions which were transferred from life insurance portfolio to private pension portfolio during the year None. Distribution of individual and group participants which were cancelled or transferred to other insurance companies in terms of their numbers and gross and net contributions None. Profit share distribution rate of life insurances None. Deferred commission expenses The Group capitalizes commissions paid to the intermediaries related to policy production under short-term and long-term prepaid expenses. As of December 31, 2024, short-term prepaid expenses amounting to TL 6.589.128.692 (December 31, 2023: TL 4.280.311.026) consist of deferred acquisition cost; deferred commission expenses amounting to TL 5.846.749.921 (December 31, 2023: TL 4.092.824.404) and other prepaid expenses amounting to TL 742.378.771 (December 31, 2023: TL 187.486.622). Long-term prepaid expenses amounting TL 99.400.742 (December 31, 2023: TL 2.160.700) are composed of other prepaid expenses. The movement of deferred production commissions for the accounting periods ending on 31 December 2024 and 2023 is as follows: 31 December 2024 31 December 2023 Deferred commission expenses at the beginning of the period 4.092.824.404 2.168.689.800 Commissions accrued during the period (Note 32) 12.193.172.050 7.988.344.380 Commissions expensed during the period (10.439.246.533) (6.064.209.776) Deferred commission expenses at the end of the period (*) 5.846.749.921 4.092.824.404 Individual pension funds None. 18 Investment contract liabilities None. 253 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