Milli Re 2025 Annual Report

The effect on Group income as a result of 10% change in the fair value of equity instruments held as held for trading financial assets (traded at İstanbul Stock Exchange) due to a reasonably possible change in equity and profitp indices, with all other variables held constant, is as follows (excluding tax effect): December 31, 2025 December 31, 2024 Profit or loss Equity Profit or loss Equity Financial assets held for trading (139.040.709) (139.040.709) (422.063.396) (422.063.396) Available for sale financial assets - (265.667.212) - (224.184.248) Total, net (139.040.709) (404.707.921) (422.063.396) (646.247.644) Gain and losses from financial assets Gains and losses recognized in the statement of income, net: December 31, 2025 December 31, 2024 Interest income from bank deposits 11.052.877.920 5.555.701.762 Income from equity shares - 825.520.587 Income derived from debt securities classified as available-for-sale financial assets 3.336.683.713 2.478.210.941 Foreign exchange gains 10.819.656.704 6.152.931.869 Income from investment funds reclassified as held for trading financial assets 8.816.178.581 7.300.325.854 Income from participates 1.258.784.773 904.218.444 Interest income from debt securities classified as held to maturity financial investments 5.078.690 16.081.663 Income from equity shares classified as held for trading financial assets 1.201.201.926 1.097.370.768 Interest income from repos 4.610.826 25.654 Income from derivative transactions 306.243.734 1.278.455.517 Gains transferred from the statement of equity to the statement of income on disposal of available for sale financial assets ( Note 15) 1.687.604.620 (743.841.944) Income from investment funds reclassified as available for sale financial assets 1.123.538 68.485.017 Other 141.711.583 18.158.829 Investment income 38.631.756.608 24.951.644.961 Foreign exchange losses (7.839.491.204) (3.877.496.679) Loss from disposal of financial assets (743.107.317) (342.734.471) Loss from valuation of financial assets (133.554.935) (432.330.008) Investment management expenses (including interest) (78.309.256) (62.983.176) Loss from derivative transactions (201.269.016) (323.581.975) Investment expenses (8.995.731.728) (5.039.126.309) Investment income, net 29.636.024.880 19.912.518.652 275 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)