Milli Re 2025 Annual Report

ASSETS I- Current Assets Note Audited Current Period December 31, 2025 Audited Prior Period December 31, 2024 A- Cash and Cash Equivalents 14 41.595.962.717 28.723.699.579 1- Cash 14 238.576 188.356 2- Cheques Received - - 3- Banks 14 31.882.894.788 22.412.016.674 4- Cheques Given and Payment Orders (-) 14 (11.113) (4.026) 5- Receivables From Credit Cards with Bank Guarantee Due Less Than Three Months 14 9.712.840.466 6.311.498.575 6- Other Cash and Cash Equivalents - - B- Financial Assets and Investments with Risks on Policy Holders 11 63.936.198.663 42.904.164.891 1- Financial Assets Available for Sale 11 35.301.529.157 14.830.675.259 2- Financial Assets Held to Maturity 11 - 336.954.882 3- Financial Assets Held for Trading 11 28.634.669.506 27.736.534.750 4- Loans - - 5- Provision for Loans (-) - - 6- Investments with Risks on Policy Holders - - 7- Equity Shares - - 8- Impairment in Value of Financial Assets (-) - - C- Receivables From Main Operations 4.2, 12 30.062.720.788 19.556.362.950 1- Receivables From Insurance Operations 12 22.633.421.429 13.746.815.331 2- Provision for Receivables From Insurance Operations (-) 12 (308.750.949) (216.362.128) 3- Receivables From Reinsurance Operations 12 4.836.068.594 4.510.875.400 4- Provision for Receivables From Reinsurance Operations (-) - - 5- Cash Deposited For Insurance & Reinsurance Companies 12 2.901.981.714 1.515.034.347 6- Loans to Policyholders - - 7- Provision for Loans to Policyholders (-) - - 8- Receivables from Pension Operation - - 9- Doubtful Receivables From Main Operations 4.2, 12 3.072.226.877 1.645.988.793 10-Provisions for Doubtful Receivables From Main Operations (-) 4.2, 12 (3.072.226.877) (1.645.988.793) D- Due from Related Parties - - 1- Due from Shareholders - - 2- Due from Affiliates - - 3- Due from Subsidiaries - - 4- Due from Joint Ventures - - 5- Due from Personnel - - 6- Due from Other Related Parties - - 7- Rediscount on Receivables Due from Related Parties (-) - - 8- Doubtful Receivables Due from Related Parties - - 9- Provisions for Doubtful Receivables Due from Related Parties (-) - - E- Other Receivables 4.2, 12 660.331.730 240.529.367 1- Leasing Receivables - - 2- Unearned Leasing Interest Income (-) - - 3- Deposits and Guarantees Given 76.080.446 57.992.327 4- Other Receivables 584.251.284 182.537.040 5- Discount on Other Receivables (-) - - 6- Other Doubtful Receivables 705.142 705.142 7- Provisions for Other Doubtful Receivables (-) (705.142) (705.142) F- Prepaid Expenses and Income Accruals 8.600.879.689 7.011.276.295 1- Deferred Commission Expenses 17 8.465.261.653 6.589.128.692 2- Accrued Interest and Rent Income - - 3- Income Accruals 4.2,12 28.151.123 343.567.665 4- Other Prepaid Expenses 4.2 107.466.913 78.579.938 G- Other Current Assets 411.067.780 1.954.396.264 1- Inventories 2.537.597 7.049.053 2- Prepaid Taxes and Funds 4.2, 12 283.232.041 71.260.270 3- Deferred Tax Assets - - 4- Job Advances 4.2, 12 119.859.166 322.059.841 5- Advances Given to Personnel 4.2, 12 113.031 - 6- Stock Count Differences - - 7- Other Current Assets 47 5.325.945 1.554.027.100 8- Provision for Other Current Assets (-) - - I- Total Current Assets 145.267.161.367 100.390.429.346 210 MİLLÎ REASÜRANS 2025 Annual Report Millî Reasürans Türk Anonim Şirketi The accompanying notes are an integral part of these consolidated financial statements. (Currency: Turkish Lira (TRY)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish) Consolidated Balance Sheet As of December 31, 2025