Milli Re 2025 Annual Report

Note Audited Current Period 1 January- December 31, 2025 Audited Prior Period 1 January- December 31, 2024 A- Cash flows from operating activities 1- Cash provided from insurance activities - - 2- Cash provided from reinsurance activities 8.061.016.820 8.440.590.068 3- Cash provided from individual pension business - - 4- Cash used in insurance activities - - 5- Cash used in reinsurance activities (5.917.963.017) (7.278.392.053) 6- Cash used in individual pension business - - 7- Cash provided by operating activities 2.143.053.803 1.162.198.015 8- Interest paid - - 9- Income taxes paid (283.232.041) (71.260.270) 10- Other cash inflows 325.130.137 99.994.028 11- Other cash outflows - (110.383.182) 12- Net cash provided by operating activities 2.184.951.899 1.080.548.591 B- Cash flows from investing activities 1- Proceeds from disposal of tangible assets 3.082.816 30.000.000 2- Acquisition of tangible assets 6, 8 (37.596.051) (57.340.226) 3- Acquisition of financial assets 11 (22.267.664.891) (10.379.557.258) 4- Proceeds from disposal of financial assets 11 19.689.375.996 10.707.386.939 5- Interests received 2.228.369.968 909.839.685 6- Dividends received 1.277.991.614 12.036.885 7- Other cash inflows - 431.015.891 8- Other cash outflows (1.863.178.129) (1.007.041.025) 9- Net cash provided by investing activities (969.618.677) 646.340.891 C- Cash flows from financing activities 1- Equity shares issued - - 2- Cash provided from loans and borrowings - - 3- Finance lease payments (54.266.506) (20.538.660) 4- Dividends paid 2.23 (595.522.716) - 5- Other cash inflows - - 6- Other cash outflows - - 7- Net cash used in financing activities (649.789.222) (20.538.660) D- Effect of exchange rate fluctuations on cash and cash equivalents 201.823.663 60.170.261 E- Net increase in cash and cash equivalents 767.367.663 1.766.521.083 F- Cash and cash equivalents at the beginning of the year 14 2.840.491.924 1.073.970.841 G- Cash and cash equivalents at the end of the year 14 3.607.859.587 2.840.491.924 121 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 Statement of Cash Flows For the Year Ended December 31, 2025