Milli Re 2025 Annual Report

LIABILITIE IV- Long-Term Liabilities Note Audited Current Period December 31, 2025 Audited Prior Period December 31, 2024 A- Borrowings 126.156.713 168.154.917 1- Loans to Financial Institutions - - 2- Finance Lease Payables - - 3- Deferred Finance Lease Borrowing Costs (-) - - 4- Bonds Issued - - 5- Other Issued Financial Assets - - 6- Value Differences on Issued Financial Assets (-) - - 7- Other Financial Borrowings (Liabilities) 20 126.156.713 168.154.917 B- Payables From Main Operations - 38.880 1- Payables Due to Insurance Operations - - 2- Payables Due to Reinsurance Operations - - 3- Cash Deposited by Insurance & Reinsurance Companies 19 - 38.880 4- Payables Due to Pension Operations - - 5- Payables from Other Operations - - 6- Discount on Other Payables From Main Operations (-) - - C- Due to Related Parties - - 1- Due to Shareholders - - 2- Due to Affiliates - - 3- Due to Subsidiaries - - 4- Due to Joint Ventures - - 5- Due to Personnel - - 6- Due to Other Related Parties - - D- Other Payables - - 1- Deposits and Guarantees Received - - 2- Due to SSI regarding Treatment Expenses - - 3- Other Payables - - 4- Discount on Other Payables (-) - - E- Insurance Technical Reserves 2.891.184.931 1.539.374.995 1- Unearned Premiums Reserve - Net 17 2.791.970 2.611.211 2- Unexpired Risk Reserves - Net - - 3- Mathematical Reserves - Net - - 4- Outstanding Claims Reserve - Net - - 5- Provision for Bonus and Discounts - Net - - 6- Other Technical Reserves - Net 17 2.888.392.961 1.536.763.784 F- Other Liabilities and Provisions - - 1- Other Liabilities - - 2- Overdue, Deferred or By Instalment Other Liabilities - 3- Other Liabilities and Expense Accruals - - G- Provisions for Other Risks 4.2 1.361.145.830 870.975.130 1- Provision for Employment Termination Benefits 23 381.607.481 216.432.709 2- Provisions for Employee Pension Fund Deficits 22,23 979.538.349 654.542.421 H- Deferred Income and Expense Accruals - - 1- Deferred Commission Income - - 2- Expense Accruals - - 3- Other Deferred Income - - I- Other Long Term Liabilities 2.025.280.077 1.396.147.593 1- Deferred Tax Liability 21 2.025.280.077 1.396.147.593 2- Other Long Term Liabilities - - IV- Total Long Term Liabilities 6.403.767.551 3.974.691.515 213 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