MILLI REASURANS ANNUAL REPORT 2018

Milli Re Annual Report 2018 Financial Status / 63 FINANCIAL STRENGTH, PROFITABILITY AND SOLVENCY Milli Re’s premium production reached TL 1,320 million increasing by 21.6% while losses paid was around TL 765 million and the net profit obtained was TL 278.2 million. Company’s Liquid Assets correspond to 51% of Total Assets. Owing to its strong and balanced maturity distribution of invested assets, Milli Re fulfilled all of its legal and commercial obligations. Details on technical results are presented in the “2018 Technical Results” section. Financial Results (TL million) 2018 2017 Change (%) Total Assets 3,738.2 3,179.5 17.57 Shareholders’ Equity 1,736.3 1,587.1 9.40 Technical Income 1,523.2 1,082.5 40.71 Technical Profit/Loss 100.7 63.2 59.32 Financial Income 644.5 378.2 70.44 Financial Profit/Loss 177.6 139.8 26.97 Profit/Loss for the Period 278.2 203.0 37.04 660 660 660 2017 2018 2016 Paid-up Capital (TL million) 1,674 2017 1,902 2018 1,483 2016 Premium Income (TL million) 1,587 2017 1,736 2018 1,424 2016 Shareholders’ Equity (TL million) 1,086 1,320 930 2017 2018 2016 Liquid Assets (TL million) 2017 2018 2016 203.0 278.2 203.6 Profit for the Period (TL million) 63.2 2017 100.7 2018 85.1 2016 Technical Profit (TL million)