Milli Re 2025 Annual Report

We are investing in a more secure future Milli Re displayed a consistent performance in 2025, drawing on the advantage granted by its disciplined portfolio management and robust capitalization. We maintained our active capital management approach as we kept offering the reinsurance capacity corresponding to the needs of the ceding companies. Within this framework, our premium production increased by 10% year-on-year to TL 16,153 million. As our total assets reached TL 49,817 million and our shareholders’ equity TL 26,338 million by year-end 2025, we booked TL 9,776 million in net profit for the period. Milli Re continues to be positioned as a reliable business partner domestically and in international reinsurance markets with its robust capitalization, cautious provisioning policy, and expert human resource. Investing, in a sense, in our country’s future with the support it extends to social and cultural progress in addition to its contributions to the insurance sector and the national economy, Milli Re keeps undertaking projects in education, culture, arts, gender equality, and sports with a sustainability perspective that it places in the focal point of every step it takes. As the global economy and the reinsurance sector evolve into structure where uncertainties are not totally eliminated but risks are more clearly defined, we are fully convinced that sustainable success will be achievable through accurate risk selection, disciplined pricing and solid corporate governance. At Milli Re, as we compose our portfolio with a concept based on technical profitability and capital adequacy, we will prioritize a data-driven and holistic risk management approach by preserving our reinsurance discipline, drawing strength from our experience and technical know-how, and we will continue to contribute to the healthy development of the insurance sector and strengthening of our country’s risk underwriting capacity. On behalf of our Board of Directors and myself, I would like to extend my thanks to all our stakeholders, and especially our employees, shareholders and business partners, for their sustained trust in Milli Re and for the strong support they extend. Sincerely, Mehmet TÜRK Chairperson of the Board of Directors Milli Re displayed a consistent performance in 2025, drawing on the advantage granted by its disciplined portfolio management and robust capitalization. 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 15