Milli Re 2025 Annual Report

ASSETS II- Non-Current Assets Note Audited Current Period December 31, 2025 Audited Prior Period December 31, 2024 A- Receivables From Main Operations 4.2, 12 396.938.120 431.653.921 1- Receivables From Insurance Operations - - 2- Provision for Receivables From Insurance Operations (-) - - 3- Receivables From Reinsurance Operations 4.2,12 392.614.809 263.336.032 4- Provision for Receivables From Reinsurance Operations (-) - - 5- Cash Deposited for Insurance & Reinsurance Companies 4.2,12 4.323.311 168.317.889 6- Loans to Policyholders - - 7- Provision for Loans to Policyholders (-) - - 8- Receivables From Pension Operations - - 9- Doubtful Receivables from Main Operations 4.2,12 225.592.221 178.476.684 10- Provision for Doubtful Receivables from Main Operations 4.2,12 (225.592.221) (178.476.684) B- Due from Related Parties - - 1- Due from Shareholders - - 2- Due from Affiliates - - 3- Due from Subsidiaries - - 4- Due from Joint Ventures - - 5- Due from Personnel - - 6- Due from Other Related Parties - - 7- Discount on Receivables Due from Related Parties (-) - - 8- Doubtful Receivables Due from Related Parties - - 9- Provisions for Doubtful Receivables Due from Related Parties (-) - - C- Other Receivables - - 1- Leasing Receivables - - 2- Unearned Leasing Interest Income (-) - - 3- Deposits and Guarantees Given - - 4- Other Receivables - - 5- Discount on Other Receivables (-) - - 6- Other Doubtful Receivables - - 7- Provisions for Other Doubtful Receivables (-) - - D- Financial Assets 9 27.617.099.603 18.817.804.486 1- Investments In Associates - - 2- Affiliates 9 1.701.692.910 1.254.912.086 3- Capital Commitments to Affiliates (-) - - 4- Subsidiaries 9 25.915.406.693 17.562.892.400 5- Capital Commitments to Subsidiaries (-) - - 6- Joint Ventures - - 7- Capital Commitments to Joint Ventures (-) - - 8- Financial Assets and Investments with Risks on Policy Holders - - 9- Other Financial Assets - - 10- Diminution in Value of Financial Assets (-) - - E- Tangible Fixed Assets 6 120.108.528 104.291.096 1- Investment Properties - - 2- Diminution in Value for Investment Properties (-) - - 3- Building for own use - - 4- Machinery and Equipments - - 5- Furnitures and Fixtures 6 61.610.080 50.164.806 6- Vehicles 6 15.094.515 13.395.172 7- Other Tangible Assets (Including Leasehold Improvements) 6 55.802.673 53.013.225 8- Leased Tangible Fixed Assets 6 113.217.902 52.016.197 9- Accumulated Depreciation (-) 6 (125.616.642) (64.298.304) 10- Advances Paid for Tangible Fixed Assets (Including Construction In Progresses) - - F- Intangible Fixed Assets 8 95.847.476 77.017.815 1- Rights 8 111.882.288 14.304.813 2- Goodwill - - 3- Establishment Costs - - 4- Research and Development Expenses - - 6- Other Intangible Assets - - 7- Accumulated Amortizations (-) 8 (16.034.812) (10.640.733) 8- Advances Regarding Intangible Assets 8 - 73.353.735 G- Prepaid Expenses and Income Accruals 4.2 351.660 69.559 1- Deferred Commission Expenses - - 2- Accrued Interest and Rent Income - - 3- Other Prepaid Expenses 4.2 351.660 69.559 H- Other Non-current Assets 597.055.630 187.732.955 1- Effective Foreign Currency Accounts - - 2- Foreign Currency Accounts - - 3- Inventories - - 4- Prepaid Taxes and Funds - - 5- Deferred Tax Assets 21 597.055.630 187.732.955 6- Other Non-current Assets - - 7- Other Non-current Assets Amortization (-) - - 8- Provision for Other Non-current Assets (-) - - II- Total Non-current Assets 28.827.401.017 19.618.569.832 TOTAL ASSETS 49.817.461.771 33.749.307.560 113 Millî Reasürans Türk Anonim Şirketi The accompanying notes are an integral part of these unconsolidated financial statements. GENERAL INFORMATION FINANCIAL RIGHTS PROVIDED TO THE 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 (Currency: Turkish Lira (TRY)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish) Unconsolidated Balance Sheet As of December 31, 2025