MILLIRE ENG2024

Contact Information Financial Status 49 Economic Outlook 53 Turkish Insurance Market 57 Turkish Reinsurance Market and Milli Re 60 Global Reinsurance Market and Milli Re 70 Financial Strength, Profitability and Solvency 72 Key Financial Indicators 74 Company Capital 75 2024 Technical Results 77 2024 Financial Results 79 General Assembly Agenda 80 Board of Directors Report 82 Dividend Distribution Policy 83 Dividend Distribution Proposal Risks and Assessment of the Governing Body 85 Risk Management Practices 89 Assessment of Capital Adequacy 89 Transactions Carried out with Milli Re’s Risk Group 90 External Service Procurement 90 The Annual Reports of the Parent Company in the Group of Companies Financial Information Unconsolidated Financial Statements and Independent Auditor’s Report 96 Unconsolidated Financial Statements as of December 31, 2024, together with the Independent Auditor’s Report 98 Unconsolidated Balance Sheet 103 Unconsolidated Statement of Income 107 Unconsolidated Statement of Cash Flows 108 Unconsolidated Statement of Changes in Equity 110 Unconsolidated Statement of Profit Distribution 111 Notes to the Unconsolidated Financial Statements Consolidated Financial Statements and Independent Auditor’s Report 172 Information on Consolidated Subsidiaries 180 Consolidated Balance Sheet 185 Consolidated Statement of Income 189 Consolidated Statement of Cash Flows 190 Consolidated Statement of Changes in Equity 192 Consolidated Statement of Profit Distribution 193 Notes to the Consolidated Financial Statements 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 1 2024 Annual Report