Milli Re 2025 Annual Report

23 Provision for other liabilities and expense accruals As of December 31, 2025, and 2024, the provisions for other risks are disclosed as follows: December 31, 2025 December 31, 2024 Provision for pension fund deficits (Note 22) 979.538.349 654.542.421 Provision for employee termination benefits 381.607.481 216.432.709 Provision for unused vacation pay liability 75.029.671 45.871.704 Total provision for other risks 1.436.175.501 916.846.834 Movement of provision for employee termination benefits during the period is presented below: December 31, 2025 December 31, 2024 Provision at the beginning of the period 216.432.709 160.676.648 Interest cost 59.500.620 42.170.712 Service cost 8.228.527 6.614.516 Payments during the period (20.040.297) (112.723.020) Actuarial loss 117.485.922 119.693.853 Provision at the end of the period 381.607.481 216.432.709 24 Net insurance premium revenue Net insurance premium revenues, categorized by non-life and life branches, are included in the consolidated income statement. 25 Fee revenue None. 26 Investment income Investment income is presented in Note 4.2 - Financial risk management . 27 Net income accrual on financial asset Net realized gains on financial assets are presented in Note 4.2 - Financial risk management . 28 Assets held at fair value through profit or loss Presented in “ Note 4.2 - Financial Risk Management”. 304 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)