Milli Re 2025 Annual Report

Gain and losses from financial assets Gains and losses recognized in the statement of income, net : December 31, 2025 December 31, 2024 Gains transferred from the statement of equity to the statement of income on disposal of available for sale financial assets ( Note 15) 1.894.518 80.543.355 Interest income from bank deposits 1.788.922.290 1.186.440.543 Interest income from debt securities classified as available-for-sale financial assets 858.084.724 289.644.738 Income from equity shares classified as held for trading financial assets 43.224.879 4.659.044 Foreign exchange gains 874.431.251 450.091.248 Income from mutual funds classified as available for sale financial assets 550.580.149 296.715.116 Income from mutual funds classified as trading financial assets 1.123.538 68.485.017 Interest income from repos 4.610.826 25.654 Income from subsidiaries 16.176.781 24.073.923 Income from affiliates 8.881.792.288 7.555.428.109 Income from derivative products 746.878.965 536.502.944 Investment income 13.767.720.209 10.492.609.691 Losses from derivatives transactions - (5.039.473) Foreign exchange losses (21.909.749) (35.029.676) Loss from disposal of financial assets (22.486.152) (24.341.548) Investment management expenses (including interest) (12.964.454) (4.165.831) Investment expenses (57.360.355) (68.576.528) Investment income, net 13.710.359.854 10.424.033.163 Gains and losses recognized in the statement of equity, net: December 31, 2025 December 31, 2024 Fair value changes in available for sale financial assets (Note 15) 467.644.975 368.948.681 Gains transferred from the statement of equity to the statement of income on disposal of available for sale financial assets ( Note 15) (1.894.518) (80.543.355) Total 465.750.457 288.405.326 Capital management The Company’s capital management policies include the following: – To comply with the insurance capital requirements required by Republic of Turkey Ministry of Treasury and Finance – To safeguard the Company’s ability to continue as a going concern 165 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)