Milli Re 2025 Annual Report

Pension fund assets are comprised of the following items. December 31, 2025 December 31, 2024 Cash and cash equivalents 30.044 23.352 Associates 176.850.015 117.874.690 Other 25.595.859 18.525.864 Total plan assets 202.475.918 136.423.906 The employees of Anadolu Sigorta, a subsidiary of the Company, are members of the “Anadolu Anonim Türk Sigorta Şirketi Memurları Emekli Sandığı,” established based on the temporary Article 20 of the Social Security Law No. 506. According to the technical balance sheet reports prepared in accordance with Law No. 5754 published in the Official Gazette dated May 8, 2008, which utilizes a technical interest rate of 9.80%, it has been reported that there is no technical deficit for the Fund as of December 31, 2025, and 2024. For the calculation of the liability amount for transferred benefits, largely fixed and specific assumptions are used under the relevant law. However, the final amount of the obligation to be incurred upon the transfer can vary based on factors such as the discount rate, inflation and salary increases, as well as the number of participants and turnover rates. December 31, 2025 December 31, 2024 Foundation’s Assets (*) 4.327.019.652 3.097.029.989 Employees’ Contribution Shares 11.266.081.709 6.762.981.924 Total Assets 15.593.101.361 9.860.011.913 Total Present Values of Retirement Pensions 6.136.559.854 4.210.428.513 Total Present Values of Administrative Expenses 5.633.041 3.381.491 Total Present Values of Health Benefits 886.053.619 658.641.091 Total Liabilities 7.028.246.514 4.872.451.095 Actual and Technical Surplus Amount (**) 8.564.854.847 4.987.560.818 (*) The fair values of the assets have been considered. (**) Since the definitive report has not been prepared, the figures in the table may vary. In Annex-5, “Considerations in the Selection of Assumptions,” section “2. Economic Assumptions” of the Circular (2022/18) regarding the Actuarial Supervision of Institutions Commiting to Retirement, a real interest rate of 9,80% has been established as the discount and yield rate for foundations operating under provisional Article 20 of the Social Insurance and General Health Insurance Law No. 5510. 303 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)