Milli Re 2025 Annual Report

December 31, 2025 Carrying amount Up to 1 month 1 to 3 months 3 to 6 months 6 to 12 months 1 year and up Unallocated Cash and cash equivalents 4.383.823.465 2.705.686.736 1.362.362.310 147.658.001 168.116.418 - - Financial assets (*) 4.413.356.379 1.826.316.901 916.044.695 216.342.000 187.172.800 1.267.479.983 - Receivables from main operations 2.866.435.125 1.701.622.445 403.517.238 153.151.228 176.490.294 431.653.920 - Other receivables and current assets 705.202.600 469.204.704 - - 235.928.337 69.559 - Total monetary assets 12.368.817.569 6.702.830.786 2.681.924.243 517.151.229 767.707.849 1.699.203.462 - Financial liabilities and other liabilities 34.053.094 12.895.710 2.583.126 3.766.083 7.016.875 7.791.300 - Payables arising from main operations 474.163.450 459.474.538 13.240.374 - 1.409.658 38.880 - Due to related parties 2.446.229 2.446.229 - - - - - Insurance technical reserves, net 9.613.313.245 - - - - - 9.613.313.245 Provisions for taxes and other similar obligations 15.618.183 15.618.183 - - - - - Provisions for other risks and expense accruals 733.339.055 25.630.026 29.977.516 - - - 677.731.513 Total monetary liabilities 10.872.933.256 516.064.686 45.801.016 3.766.083 8.426.533 7.830.180 10.291.044.758 (*) Equity shares amounting to TL 885.467.625 are not included. Market risk Market risk is the risk that changes in market prices, such as interest rate, foreign exchange rates and credit spreads will affect the Company’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return on risk. The market risk arising from the company’s securities portfolio is managed through daily measurement, testing the reliability of the measurement results, examining the trajectory based on different scenarios, carefully assessing, and reporting. Foreign currency risk The Company is exposed to foreign currency risk through insurance and reinsurance transactions in foreign currencies. Foreign exchange gains and losses arising from foreign currency transactions are recorded at transaction dates. At the end of the reporting periods, foreign currency assets and liabilities evaluated by the Central Bank of Republic of Turkey’s spot purchase rates and the differences arising from foreign currency rates are recorded as foreign exchange gain or loss in the statement of income. 160 MİLLÎ REASÜRANS 2025 Annual Report Notes to the Unconsolidated Financial Statements As of December 31, 2025 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TRY)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish)