Milli Re 2025 Annual Report

As of December 31, 2024, and 2023, receivables from main operations are detailed as follows: December 31, 2025 December 31, 2024 Receivables from insurance companies 1.293.849.493 1.028.793.487 Receivables from brokers and intermediaries 585.993.538 918.802.840 Receivables from reinsurance companies (Note 10) 534.253.550 494.482.487 Total receivables from insurance operations, net 2.414.096.581 2.442.078.814 Cash deposited to insurance and reinsurance companies 502.042.218 424.356.311 Doubtful receivables from main operations 225.592.221 178.476.684 Provision for doubtful receivables from main operations (225.592.221) (178.476.684) Receivables from main operations 2.916.138.799 2.866.435.125 Provisions for overdue receivables and receivables not due yet a) Receivables under legal or administrative follow up (due): TL 225.592.221 for main operations (December 31, 2024: TL 178.476.684) and TL 705.142 (December 31, 2024: TL 705.142) for other receivables. b) Provision for premium receivables (due): None (December 31, 2024: None). The Company’s receivables from and payables to shareholders, associates and subsidiaries are detailed in Note 45 - Related party transactions . The details of the receivables and payables denominated in foreign currencies and foreign currency rates used for the translation are presented in Note 4.2- Financial risk management . 13 Derivative financial assets As of December 31, 2025, and 2024, the Company has no derivative financial instruments. 176 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)