Milli Re 2025 Annual Report

Number and amount of participation certificates in portfolio and circulation None. Portfolio amounts in terms of number of new participants, left or cancelled participants, and existing participants for individuals and groups None. Valuation methods used in profit share calculation for saving life contracts with profit sharing None. Distribution of new participants in terms of their numbers and gross and net contributions for individuals and groups None. Distribution of new participants in terms of their numbers and gross and net contributions for individuals and groups which were transferred from other insurance companies during the year None. Distribution of individual and group participants and their gross and net contributions which were transferred from life insurance portfolio to private pension portfolio during the year None. Distribution of individual and group participants which were cancelled or transferred to other insurance companies in terms of their numbers and gross and net contributions None. Profit share distribution rate of life insurances None. Deferred commission expenses The portion of commissions paid to intermediaries related to policy production that extend to subsequent periods is capitalized under the “Deferred Production Expenses” account. As of December 31, 2025, deferred production expenses amounting to TL 1.462.709.349 (December 31, 2024: TL 1,302,479,934) consist of deferred production commissions amounting to TL 1.460.200.179 (December 31, 2024: TL 1.298.830.397) and deferred loss surplus premiums amounting to TL 2.509.170 (December 31, 2024: TL 3.649.537) As of December 31, 2024, and 2023, the movement of deferred commission expenses is presented below: December 31, 2025 December 31, 2024 Deferred commission expenses at the beginning of the period 1.298.830.397 1.147.768.977 Commissions accrued during the period (Note 32) 3.737.569.966 3.049.327.773 Commissions expensed during the period (Note 32) (3.576.200.184) (2.898.266.353) Deferred commission expenses at the end of the period 1.460.200.179 1.298.830.397 184 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)