Milli Re 2025 Annual Report

The Group’s exposure to foreign currency risk is as follows: December 31, 2025 US Dollar Euro Other currencies Total Assets: Cash and cash equivalents 2.315.397.622 378.951.191 285.859.913 2.980.208.726 Financial assets and financial investments with risks on policyholders 8.090.707.292 2.871.087.953 - 10.961.795.245 Receivables from main operations 6.592.039.858 4.027.187.575 1.883.021.103 12.502.248.536 Total foreign currency assets 16.998.144.772 7.277.226.719 2.168.881.016 26.444.252.507 Liabilities: Payables arising from main operations (2.881.072.651) (2.379.618.842) (163.714.666) (5.424.406.159) Insurance technical reserve (*) (6.238.413.518) (1.913.607.036) (2.130.396.268) (10.282.416.822) Derivative transactions and financial liabilities - - (96.316) (96.316) Total foreign currency liabilities (9.119.486.169) (4.293.225.878) (2.294.207.250) (15.706.919.297) Net financial position 7.878.658.603 2.984.000.841 (125.326.234) 10.737.333.210 December 31, 2024 US Dollar Euro Other currencies Total Assets: Cash and cash equivalents 909.292.040 310.155.297 241.868.091 1.461.315.428 Financial assets and financial investments with risks on policyholders 7.646.960.932 2.027.683.065 - 9.674.643.997 Receivables from main operations 4.839.376.097 2.570.953.484 1.540.203.037 8.950.532.618 Total foreign currency assets 13.395.629.069 4.908.791.846 1.782.071.128 20.086.492.043 Liabilities: Payables arising from main operations (2.395.932.994) (4.634.248.601) (172.659.437) (7.202.841.032) Insurance technical reserve (*) (4.878.854.981) (850.033.068) (1.835.476.811) (7.564.364.860) Financial liabilities - - (8.814.691) (8.814.691) Total foreign currency liabilities (7.274.787.975) (5.484.281.669) (2.016.950.939) (14.776.020.583) Net financial position 6.120.841.094 (575.489.823) (234.879.811) 5.310.471.460 (*) According to the “Communiqué on Amendments to Communiqué on Technical Reserves for Insurance, Reinsurance and Pension Companies and the Related Assets That Should Be Invested Against Those Technical Reserves” published in Official Gazette no 27655 dated July 28, 2010; foreign currency denominated claims provisions evaluated by the Central Bank of the Republic of Turkey’s spot sales rates. For the purpose of evaluation of the above table, TRY equivalents of the relevant foreign currency amounts have been shown. December 31, 2025, while the CBRT evaluated the CBRT with the sales rate, other daily transactions were evaluated with accounting based on the temporary exchange rates on the transaction date, at the end of the reporting period, foreign currency denominated active items were evaluated with CBRT exchange rates dated December 31, 2025 and passive items were evaluated with CBRT sales rates. 271 Notes to the Consolidated Financial Statements As of December 31, 2025 Millî Reasürans Türk Anonim Şirketi 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)