Milli Re 2025 Annual Report

Other legal reserves cannot be divided, profit cannot be transferred to next year and share of profit cannot be distributed to workers, unless legal reserves have to be divided according to laws and first dividend for shareholders is divided, in accordance with the Articles of Association. At the Company’s Ordinary General Assembly Meeting held on March 26, 2025, it was decided that from the net profit of 5.933.631.405 TL for the year 2024, 6.572.222 TL would be allocated as capitalized gains, 595.703.670 TL would be distributed as cash dividends to shareholders, and the remaining amount would be allocated as retained earnings. The dividend per share was realized as 0,009 TL (no dividend distribution was made during the year 2024). 39 Cash generated from operations The cash flows from operating activities are presented in the accompanying consolidated statement of cash flows. 40 Convertible bond None. 41 Redeemable preference shares None. 42 Risks In the normal course of its operations, the Group is exposed to legal disputes, claims and challenges, which mainly stem from its insurance operations. The necessary income/expense accruals for the revocable cases against/on behalf of the Group are provided under outstanding claims reserves in the accompanying consolidated financial statements. As of December 31, 2025, the total amount of lawsuits filed against the Company is TRY 635.130. As of December 31,2025, total amount of the claims that the Group face is TRY 10.632.753.675 in gross (December 31, 2024: TRY 8.050.124.000). In accordance with the relevant legislation, a provision for incurred but not reported claims has been set aside as collateral for the lawsuits filed against the Company. 43 Commitments As part of its operations, the Group provides protection to ceding companies in non-life insurance branches in its capacity as a reinsurer, covering insurance risk through reinsurance agreements. The details of the guarantees provided by the Company’s subsidiary, Anadolu Sigorta, in the non-life insurance branches are presented in Note 17.. 44 Business combinations None. 308 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)