Milli Re 2025 Annual Report

General Information 5 General Information 6 Vision - Mission 7 Shareholder Structure 8 Corporate Profile 10 Milestones 12 Chairperson’s Message 16 General Manager’s Message 20 Board of Directors 23 Participation of the Members of the Board of Directors in Relevant Meetings during the Fiscal Period 23 Internal Systems Managers 24 Senior Management 26 Group Managers 29 Organization Chart 30 Human Resources Practices 37 2025 Annual Report Compliance Statement 38 Independent Auditor’s Report on the Annual Report of the Board of Directors Financial Rights Provided to the Members of the Governing Body and Senior Executives 41 Financial Rights Provided to the Members of the Governing Body and Senior Executives Research & Development Activities 43 Research and Development Activities and Major Developments Related to Activities 45 Activities and Major Developments Related to Activities 46 Internal Audit 47 Internal Control 48 Actuarial Department 49 Affiliates 50 Corporate Social Responsibility Financial Status 55 Economic Overview 59 Turkish Insurance Market 63 Turkish Reinsurance Market and Milli Re in 2025 67 Global Reinsurance Market and Milli Re in 2025 78 Financial Strength, Profitability and Solvency 80 Key Financial Indicators 82 Company Capital 83 2025 Technical Results 85 2025 Financial Results 87 General Assembly Agenda 88 Board of Directors Report 92 Dividend Distribution Policy 93 Dividend Distribution Proposal Contents 2 MİLLİ RE 2025 Annual Report