MILLIRE ENG2024

Financial Analysis Ratios (%) 2024 2023 2022 1. Capital Adequacy Ratios Gross Premiums/Shareholders’ Equity 111 131 119 Average Shareholders’ Equity/Total Assets 39 33 32 Average Shareholders’ Equity/Net Technical Provisions 83 68 60 2. Asset Quality and Liquidity Ratios Liquid Assets/Total Assets 29 28 44 Liquidity Ratio 95 90 131 Current Ratio 78 87 101 Premium and Reinsurance Receivables/Total Assets 8 18 8 3. Operational Ratios Retention Ratio 63 79 85 Paid Claims/Paid Claims+Outstanding Claims 47 51 37 4. Profitability Ratios Gross Loss Ratio 69 275 114 Expense Ratio 24 21 21 Combined Ratio 93 296 135 Net Loss Ratio 107 129 135 Expense Ratio 37 26 25 Combined Ratio 144 155 160 Profit Before Tax/Gross Written Premiums 40 37 18 Gross Financial Profit/Gross Written Premiums 52 35 12 Technical Profit/Gross Written Premiums (11) 2 6 Profit Before Tax/Total Assets 18 16 7 Profit Before Tax/Average Shareholders’ Equity (Excluding Profit) 70 68 27 Key Figures 2024 2023 2022 2021 2020 Gross Premiums 14,720,529,934 9,924,594,569 4,808,430,037 2,482,605,065 1,820,275,306 Technical Division Balance (1,672,218,975) 197,122,343 323,619,386 221,154,114 62,475,722 Investment Income 10,495,454,452 7,817,832,550 3,067,317,755 1,353,558,990 685,087,147 Investment Expenses (2,617,504,715) (3,661,647,130) (2,251,785,865) (865,902,058) (368,475,610) Other Income and Expenses (272,099,357) (724,299,710) (250,531,510) (30,947,807) (1,457,582) Gross Profit/Loss for the Period 5,933,631,405 3,629,008,053 888,619,766 677,863,239 377,629,677 Taxation 0 0 0 (128,897,591) (29,030,769) Profit/Loss for the Period 5,933,631,405 3,629,008,053 888,619,766 548,965,648 348,598,908 Shareholders’ Equity 16,474,890,923 10,128,117,780 5,055,935,662 3,000,422,620 2,638,633,525 Total Assets 33,749,307,558 22,668,143,370 12,400,448,277 7,183,128,434 5,506,298,142 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 73 2024 Annual Report