Milli Re 2025 Annual Report

Company Direct and indirect controlling interest Direct controlling interest Total assets Shareholders’ equity Prior period profit Current period profit December 31, 2025 Anadolu Sigorta (consolidated) 57,31% 57,31% 128.693.250.391 35.553.399.346 979.151.064 13.431.245.293 December 31, 2024 Anadolu Sigorta (consolidated) 57,31% 57,31% 89.267.931.589 23.726.137.445 652.582.741 11.538.847.383 Company Direct and indirect controlling interest Direct controlling interest Total assets Shareholders’ equity Prior period profit Current period profit December 31, 2025 Miltaş 100,00% 100,00% 9.221.206.488 7.104.818.882 1.422.659.312 1.871.282.444 December 31, 2024 Miltaş 100,00% 100,00% 6.814.773.005 5.119.639.860 39.025.188 1.435.959.596 Transactions eliminated on consolidation Anadolu Sigorta and Miltaş’ balance sheets and income statements are consolidated by line-by-line method and the book value of Anadolu Sigorta and Miltaş in the Company’s accounts and the capital amount in the Anadolu Sigorta and Miltaş accounts are eliminated. Intra-group balances and transactions between the Company, Anadolu Sigorta and Miltaş, and any unrealized income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. The accounting policies of subsidiaries have been changed when necessary to align them with the policies adopted by the Company. Non-controlling interests (Minority shares) Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the Group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the minority’s share of changes in equity since the date of the combination. Net profit or loss of subsidiary, applicable to the non-controlling interest are presented under “Non-controlling interest” account under consolidated statement of income 2.3 Segment reporting An operating segment is a component of the Company that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Company’s other components, whose operating results are reviewed regularly by the Board of Directors (being chief operating decision maker) to make decisions about resources allocated to each segment and assess its performance, and for which discrete financial information is available. As of December 31, 2025, and 2024, the Company’s operates in life and non-life branches and is not required to present segment reporting since its debt or equity instruments are not traded in a public market. 230 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)