Milli Re 2025 Annual Report

Individual pension funds None. 18 Investment contract liabilities None. 19 Trade and other payables and deferred income December 31, 2025 December 31, 2024 Financial payables 166.515.234 230.916.234 Payables from main operations 11.192.108.075 8.681.517.422 Other payables 1.233.699.614 1.077.319.956 Short/long term deferred income and expense accruals 3.021.077.201 2.687.096.331 Taxes and other liabilities and similar obligations 2.471.054.122 1.811.692.682 Due to related parties (Note 45) 3.100.026 13.571.284 Total 18.087.554.272 14.502.113.909 Short-term liabilities 17.961.397.559 14.333.920.112 Long-term liabilities 126.156.713 168.193.797 Total 18.087.554.272 14.502.113.909 As of December 31, 2025, other payables amounting to TRY 882.736.687 (December 31, 2024: TRY 680.330.916) Tarsim and DASK and outsourced benefits and services Payables arising from main operations of the Group As of December 31, 2025 and 2024 are as follows: December 31, 2025 December 31, 2024 Payables to reinsurance companies (Note 10) 6.745.248.234 5.357.534.158 Payables to agencies, brokers and intermediaries 1.229.240.435 775.879.985 Cash deposited by insurance and reinsurance companies 206.424.300 391.375.001 Total payables arising from reinsurance and insurance operations 8.180.912.969 6.524.789.144 Claims provision account for health branch 1.848.535.393 1.107.418.879 Payables to Contracted Health Institutions 510.147.607 539.739.316 Payables to Contracted Services 545.211.327 423.470.132 Other 107.300.779 86.099.951 Payables arising from other operating activities 3.011.195.106 2.156.728.278 Payables arising from main operations 11.192.108.075 8.681.517.422 299 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)