Milli Re 2025 Annual Report

The Company’s exposure to foreign currency risk is as follows: December 31, 2025 US Dollar Euro Other currencies Total Assets: Cash and cash equivalents 445.396.761 173.294.029 278.166.731 896.857.521 Financial assets 1.892.674.887 1.977.259.609 - 3.869.934.496 Receivables from main operations 447.084.993 736.827.340 896.780.971 2.080.693.304 Total foreign currency assets 2.785.156.641 2.887.380.978 1.174.947.702 6.847.485.321 Liabilities: Payables arising from main operations (152.587.762) (12.538.590) (145.947.937) (311.074.289) Insurance technical reserves (*) (2.089.921.058) 229.329.785 (1.118.884.879) (2.979.476.152) Financial liabilities - - (96.316) (96.316) Total foreign currency liabilities (2.242.508.820) 216.791.195 (1.264.929.132) (3.290.646.757) Net financial position 542.647.821 3.104.172.173 (89.981.430) 3.556.838.564 December 31, 2024 US Dollar Euro Other currencies Total Assets: Cash and cash equivalents 440.800.354 245.778.935 238.780.572 925.359.861 Financial assets 956.508.247 1.575.633.765 - 2.532.142.012 Receivables from main operations 538.484.416 839.590.811 687.260.687 2.065.335.914 Total foreign currency assets 1.935.793.017 2.661.003.511 926.041.259 5.522.837.787 Liabilities: Payables arising from main operations (207.933.069) (96.925.770) (103.981.137) (408.839.976) Insurance technical reserves (*) (1.670.459.602) 659.981.950 (934.323.005) (1.944.800.657) Financial liabilities - - (8.814.691) (8.814.691) Total foreign currency liabilities (1.878.392.671) 563.056.180 (1.047.118.833) (2.362.455.324) Net financial position 57.400.346 3.224.059.691 (121.077.574) 3.160.382.463 (*) According to the “Communiqué on Amendments to Communiqué on Technical Reserves for Insurance, Reinsurance and Pension Companies and the Related Assets That Should Be Invested Against Those Technical Reserves” published in Official Gazette no 27655 dated July 28, 2010; foreign currency denominated claims provisions evaluated by the Central Bank of Republic of Turkey’s spot sales rates. For the purpose of evaluation of the above table, TL equivalents of the relevant foreign currency amounts have been shown. December 31, 2025 While evaluating the CBRT with the exchange rate of the CBRT, other daily transactions are evaluated with accounting based on the temporary exchange rates on the date of the transaction, at the end of the reporting period, active items denominated in foreign currencies are evaluated with the CBRT exchange rates of December 31, 2025 and passive items are evaluated with the CBRT sales rates. 161 Notes to the Unconsolidated Financial Statements As of December 31, 2025 Millî Reasürans Türk Anonim Şirketi 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)