Milli Re 2025 Annual Report

Outstanding claims reserve December 31, 2025 Gross Ceded Net Outstanding claims reserve at the beginning of the period 11.343.283.860 (1.729.970.615) 9.613.313.245 Claims reported during the period and changes in the estimations of outstanding claims reserve provided at the beginning of the period 13.731.476.453 (824.205.791) 12.907.270.662 Claims paid during the period (7.697.304.183) 1.195.258.731 (6.502.045.452) Discount effect (2.397.064.253) 16.157.986 (2.380.906.267) Outstanding claims reserve at the end of the period 14.980.391.877 (1.342.759.689) 13.637.632.188 Outstanding claims reserve December 31, 2024 Gross Ceded Net Outstanding claims reserve at the beginning of the period 11.825.397.858 (5.807.404.091) 6.017.993.767 Claims reported during the period and changes in the estimations of outstanding claims reserve provided at the beginning of the period 11.432.821.842 (645.596.441) 10.787.225.401 Claims paid during the period (9.911.606.027) 4.680.124.568 (5.231.481.459) Discount effect (2.003.329.813) 42.905.349 (1.960.424.464) Outstanding claims reserve at the end of the period 11.343.283.860 (1.729.970.615) 9.613.313.245 Total amount of guarantee that should be placed by the Company for life and non-life branches and guarantees placed for the life and non-life branches in respect of related assets The Company, being a reinsurance Company, has no obligation of providing guarantees. Total amount of insurance risk on a branch basis Total amount of insurance risk on branch basis for non-life insurance branch is not kept by the Company. Company’s number of life insurance policies, additions, disposals during the year and the related mathematical reserves None. Distribution of new life insurance policyholders in terms of numbers and gross and net premiums as individual or group during the period None. Distribution of mathematical reserves for life insurance policyholders who left the Company’s portfolio as individual or group during the period None. Pension investment funds established by the Company and their unit prices None. 183 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)