Milli Re 2025 Annual Report

Branches December 31, 2024 Gross total claims liability (*) Reinsurance share of total claims liability Net total claims liability Motor Third Party Liability 8.341.546.884 (1.606.193.970) 6.735.352.914 Land Vehicles 7.474.273.767 (95.841.376) 7.378.432.391 Fire and Natural Disasters 11.525.094.113 (6.999.119.668) 4.525.974.445 General Losses 2.971.988.078 (423.464.377) 2.548.523.701 General Liability 752.812.029 (122.911.762) 629.900.267 Sea Vehicles 568.337.036 (73.103.315) 495.233.721 Accident 93.039.886 (16.580.827) 76.459.059 Marine 197.100.799 (46.380.050) 150.720.749 Life 10.894.560 (3.522.522) 7.372.038 Air Vehicles 209.625.049 (54.061.362) 155.563.687 Health 8.219.855.704 (225.752.594) 7.994.103.110 Breach of trust 1.037.579.439 (597.126.913) 440.452.526 Air Vehicles Liability 5.529.782 (457) 5.529.325 Legal Protection 192.798 - 192.798 Sea Vehicles Liability 1.349 - 1.349 Financial Losses 855.065.051 (772.028.403) 83.036.648 Credit 15.392.032 (6.293.264) 9.098.768 Total 42.278.328.356 (11.042.380.860) 31.235.947.496 (*) Total claims liability includes actual paid claims. Effects of the changes in assumptions used in the measurement of insurance assets and liabilities showing the effect of each change separately that has significant effect on financial statements In the current year, there are no material changes in the assumptions of measurement of insurance assets and liabilities. 4.2 Management of financial risk Introduction and overview This note presents information about the Group’s exposure to each of the below risks, the Group’s objectives, policies and processes for measuring and managing risk, and the Group’s management of capital. The Group has exposure to the following risks from its use of financial instruments: – credit risk – liquidity risk – market risk 266 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)