Milli Re 2025 Annual Report

The classification of fair value measurements of financial assets and liabilities measured at fair value is as follows: December 31, 2025 Level 1 Level 2 Level 3 Total Financial assets : Available for sale financial assets (Note 11) (*) 32.394.367.664 2.905.555.254 - 35.299.922.918 Financial assets to be held to maturity (Note 11) 12.723.773.497 15.910.896.009 - 28.634.669.506 Total financial assets 45.118.141.161 18.816.451.263 - 63.934.592.424 Tangible assets Investment properties (Note 6) - - 7.696.097.464 7.696.097.464 Owner occupied properties (Note 6) - - 502.303.846 502.303.846 Total tangible assets - - 8.198.401.310 8.198.401.310 Total 45.118.141.161 18.816.451.263 8.198.401.310 72.132.993.734 December 31, 2024 Level 1 Level 2 Level 3 Level 4 Financial assets : Available for sale financial assets (Note 11) (*) 14.829.870.015 - - 14.829.870.015 Financial assets held for trading (Note 11) 21.855.422.234 5.881.112.516 - 27.736.534.750 Total financial assets 36.685.292.249 5.881.112.516 - 42.566.404.765 Tangible assets: Investment properties (Note 6) - - 5.336.521.000 5.336.521.000 Owner occupied properties (Note 6) - - 317.622.500 317.622.500 Total tangible assets - - 5.654.143.500 5.654.143.500 Total 36.685.292.249 5.881.112.516 5.654.143.500 48.220.548.265 (*) As of December 31, 2025, securities that are not publicly traded amounting to TRY 1.606.239 (December 31, 2024: TRY 805.244) have been measured at cost. Equity share price risk Equity share price risk is defined as the risk of decreasing the market price of equity shares as a result of a decline in index. 274 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)