Milli Re 2025 Annual Report

11 Financial assets As of December 31, 2025, and 2024, the Company’s financial assets portfolio are detailed as follows: December 31, 2025 December 31, 2024 Available for sale financial assets 6.918.778.433 3.428.972.678 Financial Assets Held for Trading 2.875.588.698 1.869.851.326 Total 9.794.367.131 5.298.824.004 As of December 31, 2025, and 2024, the Company’s available for sale financial assets are as follows: December 31, 2025 Nominal value Cost Fair value Net book value Debt instruments: Government bons - TL 989.293.493 978.047.226 1.199.853.002 1.199.853.002 Government bonds - EUR 8.700.000 288.084.985 445.287.729 445.287.729 Government bonds - USD 27.490.000 1.154.317.225 1.273.851.149 1.273.851.149 Private sector bonds - USD 13.427.000 597.585.838 618.823.739 618.823.739 Private sector bonds - TL 2.297.500.000 2.290.654.750 2.452.266.400 2.452.266.400 5.308.690.024 5.990.082.019 5.990.082.019 Non-fixed income financial assets: Equity shares 111.938.846 928.696.414 928.696.414 111.938.846 928.696.414 928.696.414 Total available-for-sale financial assets 5.420.628.870 6.918.778.433 6.918.778.433 172 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)