Milli Re 2025 Annual Report

Movement of provision for employee termination benefits during the period is presented below: December 31, 2025 December 31, 2024 Provision at the beginning of the period 23.189.092 22.028.149 Interest cost (Note 47) 7.765.706 5.257.193 Service cost (Note 47) 2.836.576 1.955.302 Payments during the period (Note 47) (494.548) (17.498.954) Actuarial gain/loss 320.729 11.447.402 Provision at the end of the period 33.617.555 23.189.092 24 Net insurance premium revenue December 31, 2025 Branches Total Gross Premium Total Reinsurance Premium Total Net Premium Fire and Natural Disaster 10.028.209.164 (2.950.795.606) 7.077.413.558 General Losses 3.801.026.679 (683.033.571) 3.117.993.108 General Liability 594.020.534 (6.533.966) 587.486.568 Transport/Marine 478.626.375 (16.462.304) 462.164.071 Sea vehicles 463.336.443 (13.122.649) 450.213.794 Other 788.141.611 (38.572.875) 749.568.736 Total 16.153.360.806 (3.708.520.971) 12.444.839.835 Branches December 31, 2024 Total Gross Premium Total Reinsurance Premium Total Net Premium Fire and Natural Disaster 9.450.840.327 (4.421.552.883) 5.029.287.444 General Losses 3.234.551.004 (958.243.612) 2.276.307.392 General Liability 491.365.791 (3.242.621) 488.123.170 Sea vehicles 428.394.363 (25.222.006) 403.172.357 Transport/Marine 412.740.957 (35.957.028) 376.783.929 Other 702.637.492 (23.138.628) 679.498.864 Total 14.720.529.934 (5.467.356.778) 9.253.173.156 25 Fee revenue None. 26 Investment income Investment income is presented in Note 4.2 - Financial risk management. 189 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)