Milli Re 2025 Annual Report

ASSETS II- Non-Current Assets Note Audited Current Period December 31, 2025 Audited Prior Period December 31, 2024 A- Receivables From Main Operations 396.938.120 431.653.921 1- Receivables From Insurance Operations - - 2- Provision for Receivables From Insurance Operations (-) - - 3- Receivables From Reinsurance Operations 4.2,12 392.614.809 263.336.032 4- Provision for Receivables From Reinsurance Operations (-) - - 5- Cash Deposited for Insurance & Reinsurance Companies 4.2,12 4.323.311 168.317.889 6- Loans to Policyholders - - 7- Provision for Loans to Policyholders (-) - - 8- Receivables From Pension Operations - - 9- Doubtful Receivables from Main Operations 4.2,12 225.592.221 178.476.684 10- Provision for Doubtful Receivables from Main Operations 4.2,12 (225.592.221) (178.476.684) B- 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- Discount on Receivables Due from Related Parties (-) - - 8- Doubtful Receivables Due from Related Parties - - 9- Provisions for Doubtful Receivables Due from Related Parties (-) - - C- Other Receivables 4.2,12 22.773.846 480.322 1- Leasing Receivables - - 2- Unearned Leasing Interest Income (-) - - 3- Deposits and Guarantees Given 324.555 324.555 4- Other Receivables 22.449.291 155.767 5- Discount on Other Receivables (-) - - 6- Other Doubtful Receivables - - 7- Provisions for Other Doubtful Receivables (-) - - D- Financial Assets 9 2.868.021.758 2.115.020.367 1- Investments In Associates - - 2- Affiliates 9 2.868.021.758 2.115.020.367 3- Capital Commitments to Affiliates (-) - - 4- Subsidiaries - - 5- Capital Commitments to Subsidiaries (-) - - 6- Joint Ventures - - 7- Capital Commitments to Joint Ventures (-) - - 8- Financial Assets and Investments with Risks on Policy Holders - - 9- Other Financial Assets - - 10- Diminution in Value of Financial Assets (-) - - E- Tangible Fixed Assets 9.473.197.536 6.159.070.183 1- Investment Properties 6,7 7.696.097.464 5.336.521.000 2- Diminution in Value for Investment Properties (-) - - 3- Buildings for Own Use 6 502.303.846 317.622.500 4- Machinery and Equipments 6 335.270.327 280.935.328 5- Furnitures and Fixtures 6 132.057.292 84.901.462 6- Vehicles 6 111.557.945 36.462.802 7- Other Tangible Assets (Including Leasehold Improvements) 6 115.004.921 106.204.900 8- Leased Tangible Fixed Assets 6 389.290.188 328.088.484 9- Accumulated Depreciation (-) 6 (552.126.553) (374.522.004) 10- Advances Paid for Tangible Fixed Assets (Including Construction In Progresses) 6 743.742.106 42.855.711 F- Intangible Fixed Assets 8 919.360.696 568.219.563 1- Rights 8 971.404.479 653.512.652 2- Goodwill 8 16.250.000 16.250.000 3- Establishment Costs - - 4- Research and Development Expenses 8 84.271.532 18.657.453 6- Other Intangible Assets - - 7- Accumulated Amortizations (-) 8 (587.044.877) (475.614.418) 8- Advances Regarding Intangible Assets 8 434.479.562 355.413.876 G- Prepaid Expenses and Income Accruals 17 199.264.609 99.470.300 1- Deferred Commission Expenses - - 2- Accrued Interest and Rent Income - - 3- Other Prepaid Expenses 4.2 199.264.609 99.470.300 H- Other Non-current Assets 1.110.768.074 1.132.200.585 1- Effective Foreign Currency Accounts - - 2- Foreign Currency Accounts - - 3- Inventories - - 4- Prepaid Taxes and Funds - - 5- Deferred Tax Assets 21 1.110.768.074 1.132.200.585 6- Other Non-current Assets - - 7- Other Non-current Assets Amortization (-) - - 8- Provision for Other Non-current Assets (-) - - II- Total Non-current Assets 14.990.324.639 10.506.115.241 TOTAL ASSETS 160.257.486.006 110.896.544.587 211 Millî Reasürans Türk Anonim Şirketi The accompanying notes are an integral part of these consolidated financial statements. 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) Consolidated Balance Sheet As of December 31, 2025