Milli Re 2025 Annual Report

Financial gains and losses recognized in equity, net: December 31, 2025 December 31, 2024 Fair value changes in available for sale financial assets (Note 15) 2.153.355.073 (455.436.612) Losses 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 Total 465.750.453 288.405.332 Capital management The Company’s capital management policies include the following: – Comply with capital adequacy requirements as stipulated in the relevant regulations – To safeguard the Company’s ability to continue as a going concern In accordance with the “Regulation on the Measurement and Evaluation of Capital Adequacy of Insurance, Reinsurance, and Pension Companies” published by the Republic of Turkey’s Ministry of Treasury and Finance in the Official Gazette dated August 23, 2015, issue number 29454, and the “Regulation Amending the Regulation on the Measurement and Evaluation of Capital Adequacy of Insurance, Reinsurance, and Pension Companies” published in the Official Gazette dated December 31, 2024, issue number 32769, capital adequacy calculations are conducted four times a year, in March, June, September, and December. As of December 31, 2025, the required equity amount calculated by the Company is 6.002.453.032 TL. As of December 31, 2025, the Company’s equity, determined according to capital adequacy regulations, is 26.136.121.739 TL, resulting in a capital surplus of 20.133.668.707 TL as per the capital adequacy calculation. As of December 31, 2025, required equity amount determined in calculations over consolidated financial statements of Company’s subsidiary Anadolu Sigorta, is amounted TRY 20.897.616.283. As of December 2025, the amount of raw equity in Anadolu Sigorta’s unconsolidated financial statements is TRY 22.227.927.050 above the required equity amount calculated in accordance with the regulation. 5 Segment information A segment is a distinguishable component of the Company that is engaged either in providing products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subject to risks and rewards that are different from those of other segments). Since the Company is not publicly traded, it does not perform segment reporting. 276 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)