Milli Re 2025 Annual Report

For the years ended December 31, 2025 and 2024, salvage and subrogation collected are as follows: December 31, 2025 December 31, 2024 Land Vehicles 7.455.692.866 4.801.050.175 Motor Third Party Liability (MTPL) 334.838.356 234.987.405 Fire and Natural Disasters 78.163.068 51.420.582 Marine 52.292.159 24.032.501 General Lossess 16.533.810 9.152.278 Breach of Trust 2.608.906 3.717.486 General Liability 10.577.483 2.461.875 Accident 2.278.251 715.327 Sea Vehicles 1.308.335 16.022.415 Legal Protection 47.820 8.347 Air Vehicles 669.500 1.363.348 Financial Losses - 38.654 Air Vechicles Liability 201.360 7.160 Life/Health (490.436) -- Total 7.954.721.478 5.144.977.553 As of December 31, 2025, and 2024, accrued subrogation and salvage income per branches is as follows: December 31, 2025 December 31, 2024 Land Vehicles 639.023.026 582.850.216 Motor Third Party Liability 107.893.694 70.889.264 Fire and Natural Disasters 159.452.222 46.867.982 Marine 28.053.541 12.244.330 General Damages 16.544.311 5.802.940 Sea Vehicles 1.465.551 4.691.550 Accident - 62.683 Total 952.432.345 723.408.965 Commission income and expenses As further disclosed in Note 2.24 - Reserve for unearned premiums , commissions paid to the insurance and reinsurance companies as a reinsurance Company and the commissions received from the reinsurance companies are recognized over the life of the contract by deferring commission income and expenses within the calculation of reserve for unearned premiums for the policies produced before January 1, 2008 and recognizing deferred commission income and deferred commission expense in the financial statements for the policies produced after January 1, 2008. 242 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)