Milli Re 2025 Annual Report

2025 Technical Results In 2025, the Company’s premium income showed a measured increase in line with effective capital management target and stood at TL 16,153 million. With the added effect of the revisions intended for increasing profitability in proportional treaty conditions in the domestic market, claims performance has been moderate, which reflected positively on technical results. On the other hand, despite the depreciation of the Turkish lira against foreign currencies and inflationary pressure, our technical operations resulted in a profit of TL 304 million with the contribution of the income derived on the investment of technical reserves in various instruments. Technical Profitability (TL) LINE OF BUSINESS 2025 2024 2023 ACCIDENT 82,464,652 75,088,637 71,456,546 HEALTH (1,866,630) 766,133 1,637,990 LAND VEHICLES 6,409,664 40,188,495 52,179,357 RAILWAY VEHICLES - - - AIR VEHICLES (19,651,386) 17,811,806 (23,095,040) SEA VEHICLES 16,259,655 (68,563,766) (21,679,227) MARINE 40,728,435 120,042,519 237,427,289 FIRE & NATURAL DISASTERS 1,643,910,838 (899,299,780) (525,711,613) GENERAL LOSSES (1,121,770,304) (938,598,786) 216,908,685 LAND VEHICLES LIABILITY (135,127,659) (56,988,005) 32,486,859 AIR VEHICLES LIABILITY - - - SEA VEHICLES LIABILITY 310,464 12,444 270,738 GENERAL LIABILITY (147,281,592) 32,099,633 191,493,992 CREDIT 5,161,142 6,958,512 7,307,143 FIDELITY GUARANTEE (59,184,319) (4,670,465) (5,061,511) FINANCIAL LOSSES (53,323,347) (19,836,560) (51,223,858) LEGAL PROTECTION 1,912,299 483,687 939,087 TOTAL NON-LIFE 258,951,912 (1,694,505,496) 185,336,437 LIFE 44,649,771 22,286,521 11,785,906 TOTAL 303,601,683 (1,672,218,975) 197,122,343 84 MİLLİ RE 2025 Annual Report