Milli Re 2025 Annual Report

45 Related party transactions For the purpose of the accompanying consolidated financial statements, shareholders, key management and members of board of directors together with their families and companies controlled by or affiliated with them, and associated companies are considered and referred to as related parties. The related party balances As of December 31, 2025 and 2024 are as follows: December 31, 2025 December 31, 2024 Türkiye İş Bankası A.Ş. 20.702.021.499 11.594.272.458 İş Yatırım Menkul Değerler A.Ş. 7 - Banks 20.702.021.506 11.594.272.458 Mutual funds founded by İş Portföy Yönetimi A.Ş. 15.234.972.878 13.704.638.359 Related party stocks 928.628.812 785.142.798 Bonds issued by Türkiye Şişe ve Cam Fabrikaları A.Ş 103.614.500 108.640.500 Bonds issued by İş Faktoring A.Ş. 233.268.000 231.003.852 Bonds issued by İş Gayrimenkul Yatırım Ortaklığı A.Ş. 100.000.000 21.715.200 Mutual funds issued by Maxis Private Equity Portfolio Management A.Ş. 1.051.765.456 681.113.662 Turkey Is Bank Currency Protected Deposit - 266.403.595 Bonds issued by Türkiye İş Bankası - 165.457.600 Bonds issued by İş Finansal Kiralama A.Ş. (Note 11) 844.690.500 - Bonds issued by İş Yatırım Menkul Değerler A.Ş. (Note 11) 69.271.500 - Financial Assets (Not 11) 18.566.211.646 15.964.115.566 Türkiye İş Bankası A.Ş. 7.494.873.751 2.319.684.264 Türkiye Sigorta A.Ş 559.474.251 358.710.042 Other 85.513.686 81.330.204 Receivables from main operations 8.139.861.688 2.759.724.510 Türkiye İş Bankası A.Ş. (209.165.228) 129.182.425 Other 28.299.931 24.910.914 Payables from main operations (180.865.297) 154.093.339 Payables to partners 527.547 193.699 Payables to personnel 2.272.298 11.094.492 Payables to other related parties 300.181 2.283.093 Due to related parties 3.100.026 13.571.284 No guarantees have been taken against receivables from related parties. 309 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)