Milli Re 2025 Annual Report

Claims Development Table for the Subsidiary Anadolu Sigorta The main assumption used in estimating the provision for outstanding claims is Anadolu Sigorta’s previous experience of loss development. The Company management uses its own judgments in determining how external factors such as legal decisions or changes in laws will affect the outstanding claim provision. The sensitivity of some variables, such as legal changes and uncertainties in the estimation process, is not measurable. In addition, long delays between the occurrence of the damage and the time the payment is made prevent the precise determination of the provision for outstanding claims as of the end of the reporting period. Therefore, the total liabilities may change depending on the subsequent developments and the differences resulting from the re-estimation of the total liabilities are reflected in the financial statements in the following periods. The evolution of insurance liabilities makes it possible to measure Anadolu Sigorta’s performance in estimating its total claim liabilities. The figures shown at the top of the tables below show the change in Anadolu Sigorta’s total claims estimates in subsequent years, starting from the years in which the claims occurred. The figures shown at the bottom of the tables give the reconciliation of the total liabilities with the outstanding claims provisions shown in the consolidated financial statements. December 31, 2025 Year of claim 2021 2022 2023 2024 2025 Total Year of claim 5.216.969.294 10.761.821.453 33.490.548.401 30.943.689.602 51.092.504.922 131.505.533.672 1 year later 6.271.160.170 13.215.696.953 35.515.808.711 34.434.385.286 - 89.437.051.120 2 year later 6.882.826.302 14.076.151.655 37.181.588.912 - - 58.140.566.869 3 year later 7.390.326.069 14.745.575.650 - - - 22.135.901.719 4 year later 7.699.782.454 - - - - 7.699.782.454 Current estimate of claim 7.699.782.454 14.745.575.650 37.181.588.912 34.434.385.286 51.092.504.922 145.153.837.224 The total made to date is 6.093.344.084 11.786.787.229 32.196.501.475 27.062.309.336 33.297.482.755 110.436.424.879 The total amount in the financial statements 1.606.438.370 2.958.788.421 4.985.087.437 7.372.075.950 17.795.022.167 34.717.412.345 Financial statements related to 2020 and before 7.884.676.275 Total gross outstanding compensation shown in the period-end financial statements 42.602.088.620 295 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)