Milli Re 2025 Annual Report

The subsidiary of the Company, Miltaş is engaged in all kinds of construction works, providing construction and contracting services domestically and internationally; carries out various architecture, engineering, construction, assembly, installation, landscaping, interior design, decoration jobs by executing studies, projects, supervision, consultancy and contracting services domestically and internationally; operates places in accommodation, leisure, travel, entertainment, sports, food and beverage by opening, leasing, subleasing and managing such places; engaging in all kinds of sports activities, leasing, subleasing and operating facilities of this kind. The Miltaş Sports Complex has been serving the insurance sector since 1986 with its facilities in various sports, particularly tennis. The International Insurance Tennis Tournament has been held every June at this Complex since 1986, providing a unique environment for local and foreign reinsurers and brokers. In addition to tennis and basketball courses organized every year for youngsters, private tennis lessons are available for adults in the Complex. The Company’s subsidiary, Genesis, was registered in Hong Kong on July 17, 2025, with an establishment capital of 55.091 TL, corresponding to 10.000 HKD. This subsidiary was established as a Managing General Agent (MGA) company authorized to carry out various insurance activities on behalf of insurance or reinsurance companies, and it is expected to commence operations in 2026. The activities of Anadolu Hayat, an associate of the Company, involve providing individual and group insurance and reinsurance services relating to group life, individual life, retirement and related personal Casualty branches, establishing retirement funds, developing internal rules and regulations related to these funds, carrying out retirement, annual income insurance, portfolio management and custody contracts for the assets of the funds held in custody 1.9 Name or other identity information about the reporting entity and the changes in this information after previous reporting date Trade name of the Company : Millî Reasürans Türk Anonim Şirketi Registered address of the head office : İş Kuleleri, Kule 3, Kat: 20-21-22-24 34330 Levent, Beşiktaş/İstanbul The web page of the Company : www.millire.com 1.10 Subsequent events The consolidated financial statements prepared as of December 31, 2025, were approved by the Company’s Board of Directors on February 25, 2026. 2 Summary of significant accounting policies 2.1 Basis of preparation 2.1.1 Information about the principles and the specific accounting policies used in the preparation of the financial statements The Group prepares its consolidated financial statements in accordance with the regulations published by the Insurance and Private Pension Regulation and Supervision Agency (SEDDK). Prior to the establishment of the SEDDK and the initiation of regulatory activities in the insurance sector, the insurance legislation related to financial reporting was published by the Ministry of Treasury and Finance. The preparation of consolidated financial statements is based on the principles of the “Insurance Accounting and Financial Reporting Legislation,” which includes the accounting and financial reporting regulations in force due to the insurance legislation, as well as the provisions of the Turkish Financial Reporting Standards (TFRS) for matters not regulated by these. 226 MİLLÎ REASÜRANS 2025 Annual Report Notes to the Consolidated 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)