MILLIRE ENG2024

Pension fund assets are comprised of the following items. 31 December 2024 31 December 2023 Cash and cash equivalents 23.352 4.864.338 Associates 117.874.690 68.043.220 Other 18.525.864 11.402.342 Total plan assets 136.423.906 84.309.900 The employees of Anadolu Sigorta, a subsidiary of the Company, are members of the “Anadolu Anonim Türk Sigorta Şirketi Memurları Emekli Sandığı,” established based on the temporary Article 20 of the Social Security Law No. 506. According to the technical balance sheet reports prepared in accordance with Law No. 5754 published in the Official Gazette dated May 8, 2008, which utilizes a technical interest rate of 9.80%, it has been reported that there is no technical deficit for the Fund as of December 31, 2024, and 2023. 31 December 2024 31 December 2023 Foundation’s Assets (*) 3.097.029.989 1.770.946.616 Employees’ Contribution Shares 6.762.981.924 2.971.370.711 Total Assets 9.860.011.913 4.742.317.327 Total Present Values of Retirement Pensions 4.210.428.513 2.449.052.090 Total Present Values of Administrative Expenses 3.381.491 1.485.685 Total Present Values of Health Benefits 658.641.091 511.777.764 Total Liabilities 4.872.451.095 2.962.315.539 Actual and Technical Surplus Amount (**) 4.987.560.818 1.780.001.788 (*) The fair values of the assets have been considered. (**) Since the definitive report has not been prepared, the figures in the table may vary. 23 Provision for other liabilities and expense accruals As of December 31, 2023, and 2022, the provisions for other risks are disclosed as follows: 31 December 2024 31 December 2023 Provision for pension fund deficits (Note 22) 654.542.421 339.283.006 Provision for employee termination benefits 216.432.709 160.676.648 Provision for unused vacation pay liability 45.871.704 22.210.647 Total provision for other risks 916.846.834 522.170.301 Movement of provision for employee termination benefits during the period is presented below: 31 December 2024 31 December 2023 Provision at the beginning of the period 160.676.648 135.521.632 Interest cost (Note 47) 42.170.712 30.475.630 Service cost (Note 47) 6.614.516 9.211.044 Payments during the period (Note 47) (112.723.020) (69.458.210) Actuarial loss 119.693.853 54.926.552 Provision at the end of the period 216.432.709 160.676.648 257 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