Milli Re 2025 Annual Report

Page UNCONSOLIDATED BALANCE SHEET 112 UNCONSOLIDATED STATEMENT OF INCOME 117 UNCONSOLIDATED STATEMENT OF CASH FLOWS 121 UNCONSOLIDATED STATEMENT OF CHANGES IN EQUITY 122 UNCONSOLIDATED STATEMENT OF PROFIT DISTRIBUTION 124 NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS 125-197 NOTE 1 GENERAL INFORMATION 125 NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 127 NOTE 3 SIGNIFICANT ACCOUNTING ESTIMATES AND REQUIREMENTS 154 NOTE 4 MANAGEMENT OF INSURANCE AND FINANCIAL RISK 154 NOTE 5 SEGMENT INFORMATION 166 NOTE 6 TANGIBLE ASSETS 166 NOTE 7 INVESTMENT PROPERTIES 167 NOTE 8 INTANGIBLE ASSETS 168 NOTE 9 INVESTMENTS IN AFFILIATES 169 NOTE 10 REINSURANCE ASSETS AND LIABILITIES 170 NOTE 11 FINANCIAL ASSETS 172 NOTE 12 LOANS AND RECEIVABLES 175 NOTE 13 DERIVATIVE FINANCIAL ASSETS 176 NOTE 14 CASH AND CASH EQUIVALENTS 177 NOTE 15 EQUITY 178 NOTE 16 OTHER RESERVES AND EQUITY COMPONENT OF DISCRETIONARY PARTICIPATION 181 NOTE 17 INSURANCE CONTRACT LIABILITIES AND REINSURANCE ASSETS 181 NOTE 18 INVESTMENT CONTRACT LIABILITIES 185 NOTE 19 TRADE AND OTHER PAYABLES AND DEFERRED INCOME 185 NOTE 20 FINANCIAL LIABILITIES 185 NOTE 21 DEFERRED TAX 186 NOTE 22 RETIREMENT BENEFIT OBLIGATIONS 186 110 MİLLÎ REASÜRANS 2025 Annual Report Contents