Milli Re 2025 Annual Report

27 Net income accrual on financial assets Net realized gains on financial assets are presented in Note 4.2 - Financial risk management. 28 Asset held at fair value through profit or loss Presented in “Note 4.2 - Financial Risk Management”. 29 Insurance rights and claims December 31, 2025 December 31, 2024 Life Non-Life Life Non-Life Claims paid, net off reinsurers’ share (18.939.034) (6.483.106.418) (7.372.039) (5.224.109.420) Changes in outstanding claims reserve, net off reinsurers’ share (24.243.702) (4.000.075.241) (17.977.837) (3.577.341.641) Changes in unearned premiums reserve, net off reinsurers’ share (21.672.579) (852.017.170) (37.697.593) (952.193.404) Changes in unexpired risks reserve, net off reinsurers’ share - (13.853.803) - 11.913.256 Change in equalization reserve, net off reinsurers’ share (1.631.783) (471.931.849) (615.487) (203.561.276) Total (66.487.098) (11.820.984.481) (63.662.956) (9.945.292.485) 30 Investment contract benefits None. 31 Other expenses The allocation of the expenses with respect to their nature or function is presented in Note 32 - Expenses by nature below. 190 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)