Milli Re 2025 Annual Report

Portfolio amounts in terms of number of new participants, left or cancelled participants, and existing participants for individuals and groups None. Valuation methods used in profit share calculation for saving life contracts with profit sharing None. Distribution of new participants in terms of their numbers and gross and net contributions for individuals and groups None. Distribution of new participants in terms of their numbers and gross and net contributions for individuals and groups which were transferred from other insurance companies during the year None. Distribution of individual and group participants and their gross and net contributions which were transferred from life insurance portfolio to private pension portfolio during the year None. Distribution of individual and group participants which were cancelled or transferred to other insurance companies in terms of their numbers and gross and net contributions None. Profit share distribution rate of life insurances None. Deferred commission expenses The Group capitalizes commissions paid to the intermediaries related to policy production under short-term and long-term prepaid expenses. As of December 31, 2025, short-term prepaid expenses amounting to TRY 8.465.261.653 (December 31, 2024: TRY 6.589.128.692) consist of deferred acquisition cost; deferred commission expenses amounting to TRY 8.351.006.078 (December 31, 2024: TRY 5.846.749.921) and other prepaid expenses amounting to TRY 114.255.575 (December 31, 2024: TRY 742.378.771). Long-term prepaid expenses amounting TRY 199.264.609 (December 31, 2024: TRY 99.470.300) are composed of other prepaid expenses. The movement of deferred production commissions for the accounting periods ending on 31 December 2025 and 2024 is as follows: December 31, 2025 December 31, 2024 Deferred commission expenses at the beginning of the period 5.846.749.921 4.092.824.404 Commissions accrued during the period (Note 32) 13.563.170.102 12.193.172.050 Commissions expensed during the period (11.058.913.945) (10.439.246.533) Deferred commission expenses at the end of the period 8.351.006.078 5.846.749.921 298 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)