Milli Re 2025 Annual Report

13 Derivative financial assets As of December 31, 2024, the Group has derivative financial instruments recognized in the financial assets held for trading amounting to TRY 6.048.878 (December 31, 2024: 235.256.132). As of December 31, 2025, the Group does not have any currency-protected deposit accounts (December 31, 2024: 1.149.065.599 TL). 14 Cash and cash equivalents As of December 31, 2025, and December 31, 2024, the details of the cash and cash equivalents are as follows: December 31, 2025 December 31, 2024 At the end of the period At the beginning of the period At the end of the period At the beginning of the period Cash on hand 238.576 188.356 188.356 162.771 Cheques received 31.882.894.788 22.412.016.674 22.412.016.674 9.678.868.672 Bank deposits (11.113) (4.026) (4.026) (3.167) Cheques given and payment orders 9.712.840.466 6.311.498.575 6.311.498.575 3.452.368.687 Cash and cash equivalents in the balance sheet 41.595.962.717 28.723.699.579 28.723.699.579 13.131.396.963 Bank deposits - blocked (*) (876.516.694) (4.291.749.598) (4.291.749.598) (1.734.196.100) Time deposits with maturities longer than 3 months (8.481.776.834) (2.784.658.307) (2.784.658.307) (1.227.671.164) Interest accruals on banks deposits (401.039.953) (397.789.066) (397.789.066) (79.851.059) Cash and cash equivalents presented in the statement of cash flows 31.836.629.236 21.249.502.608 21.249.502.608 10.089.678.640 (*) TRY 875.331.069 of the blocked amounts are held in favor of the Insurance and Private Pension Regulation and Supervision Agency due to the insurance activities of the Company’s subsidiary Anadolu Sigorta A.Ş. (31 December 2024: TRY 4.291.084.005). As of December 31, 2025, and 2024, bank deposits are further analysed as follows: December 31, 2025 December 31, 2024 Foreign currency denominated bank deposits - time deposits 2.869.073.744 822.815.731 - demand deposits 110.904.880 638.319.817 Bank deposits in Turkish Lira - time deposits 28.885.391.563 20.924.025.751 - demand deposits 17.524.601 26.855.375 Bank deposits 31.882.894.788 22.412.016.674 288 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)