MILLIRE_2019_Annual Report

213 Milli Re Annual Report 2019 Activities and Major Developments Related to Activities Financial Status Risks and Assessment of the Governing Body Unconsolidated Financial Statements Together with Independent Auditors’ Report Thereon Consolidated Financial Statements Together with Independent Auditors’ Report Thereon General Information Financial Rights Provided to the Members of the Governing Body and Senior Executives Research & Development Activities Millî Reasürans Türk Anonim Şirketi NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2019 (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) (Currency: Turkish Lira (TL)) The calculated winning ratio of the Company, as at 31 December 2019 is within 0%-100% range (December 31, 2018: 0%- 100%). Winning ratios used in and amounts decreased from outstanding claims reserves are as follows: December 31, 2019 Branch Earnings Ratios Used Gross Amount Decreased Net Amount Decreased General Liability 25% 131.147.505 104.581.659 Land Vehicles Liability (MTPL) 13% 97.917.703 91.736.667 Fire and Natural Disasters 25% 39.198.805 18.546.407 Land Vehicles 25% 14.322.158 14.232.684 General Damages 25% 5.544.145 3.011.228 Marine 25% 5.254.726 2.078.970 Casualty 25% 3.883.834 2.526.200 Sea Vehicles 25% 8.782.563 827.059 Credit 25% 774.891 774.891 Legal Protection 24% 43.498 43.498 Air Vehicles Liability 17% 3.429.699 2.299.376 Total 310.299.527 240.658.639 December 31, 2018 Branch Earnings Ratios Used Gross Amount Decreased Net Amount Decreased General Liability 25% 101.800.905 88.183.585 Land Vehicles Liability (MTPL) 11% 90.400.461 87.817.173 Fire and Natural Disasters 25% 34.151.960 17.293.818 Land Vehicles 25% 12.126.277 12.027.885 General Damages 25% 5.249.453 2.809.065 Marine 25% 5.321.412 2.115.594 Casualty 22% 3.468.583 2.178.506 Sea Vehicles 25% 1.734.746 1.260.001 Credit 25% 712.439 712.439 Legal Protection 25% 10.595 10.595 Total 254.976.831 214.408.661