Milli Re 2025 Annual Report

The movement table of investments for the period is as follows: December 31, 2025 Affiliates Subsidiaries Total Beginning of the period - January 1 1.254.912.086 17.562.892.400 18.817.804.486 Shares of net profits for the period 746.878.965 8.881.792.288 9.628.671.253 Increase recognized in equity 11.402.299 435.058.090 446.460.389 Additions - 55.091 55.091 Dividend (311.500.440) (964.391.176) (1.275.891.616) End of the period - December 31 1.701.692.910 25.915.406.693 27.617.099.603 December 31, 2024 Affiliates Subsidiaries Total Beginning of the period - January 1 803.602.412 9.888.845.439 10.692.447.851 Shares of net profits for the period 536.502.944 7.555.428.109 8.091.931.053 Increase recognized in equity 39.406.730 4.018.851 43.425.581 Dividend (124.600.000) 114.600.001 (9.999.999) End of the period - December 31 1.254.912.086 17.562.892.400 18.817.804.486 10 Reinsurance assets and liabilities Outstanding reinsurance assets and liabilities of the Company, as Reinsurance Company in accordance with existing reinsurance contracts are as follows: Reinsurance assets December 31, 2025 December 31, 2025 Receivables from reinsurance companies (Note 12) 534.253.550 494.482.487 Cash deposited to reinsurance companies 368.795.459 269.851.682 Outstanding claims reserve, ceded (Note 4.2) , (Note 17) 1.342.759.689 1.729.970.615 Unearned premiums reserve, ceded (Note 17) 36.464.066 43.992.595 Total 2.282.272.764 2.538.297.379 Reinsurance liabilities December 31, 2025 December 31, 2024 Deferred commission income (Note 19) 928.569 4.303.316 Total 928.569 4.303.316 170 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)