Milli Re 2025 Annual Report

Gains and losses recognized in the statement of income in accordance with existing retrocession contracts are as follows: December 31, 2025 December 31, 2024 Premiums ceded during the period (Note 17) (3.708.520.971) (5.467.356.778) Unearned premiums reserve, ceded at the beginning of the period (Note 17 ) (43.992.595) (60.065.549) Unearned premiums reserve, ceded at the end of the period (Note 17) 36.464.066 43.992.595 Premiums earned, ceded (Note 17) (3.716.049.500) (5.483.429.732) Claims paid, ceded during the period (Note 17) 1.195.258.731 4.680.124.568 Outstanding claims reserve, ceded at the beginning of the period (Note 17 ) (1.729.970.615) (5.807.404.091) Outstanding claims reserve, ceded at the end of the period (Note 17) 1.342.759.689 1.729.970.615 Claims incurred, ceded (Note 17) 808.047.805 602.691.092 Commission income accrued from reinsurers during the period (Note 32) 62.368.382 162.461.722 Deferred commission income at the beginning of the period (Note 19) 4.303.316 8.565.638 Deferred commission income at the end of the period (Note 19) (928.569) (4.303.316) Commission income earned from reinsurers (Note 32) 65.743.129 166.724.044 Changes in unexpired risks reserve, reinsurers’ share (Note 17) (93.938) (546.194) Total, net (2.842.352.504) (4.714.560.790) 171 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)