MILLIRE_2019_Annual Report

263 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)) December 31, 2019 December 31, 2018 Axa Sigorta A.Ş. 6.508.049 24.591.209 Ziraat Sigorta A.Ş. 7.724.930 6.879.276 Allianz Sigorta A.Ş. 1.999.105 2.318.683 Ergo Sigorta A.Ş. (HDI Sigorta A.Ş.) 1.937.515 4.924.629 Groupama Sigorta A.Ş 1.507.011 2.818.246 Anadolu Hayat Emeklilik A.Ş. 1.270.970 389.733 Ziraat Hayat ve Emeklilik 704.475 456.788 Güven Sigorta T.A.Ş. 416.584 461.340 Hdi Sigorta A.Ş. 163.922 - Liberty Sigorta A.Ş.(HDI Sigorta A.Ş.) 118 - Claims paid 22.232.679 42.839.904 İstanbul Umum Sigorta A.Ş. 16.564 65.852 Güven Sigorta T.A.Ş 13.938 163.000 Allianz Sigorta A.Ş 11.525 48.908 Liberty Sigorta A.Ş.(HDI Sigorta A.Ş.) 7.651 Groupama Sigorta A.Ş. (19.547) 164.940 Axa Sigorta A.Ş. (33.949) 197.781 Ergo Sigorta A.Ş. (HDI Sigorta A.Ş.) (40.506) 42.109 Reinsurance’s share of claims paid (48.759) 682.590 Anadolu Hayat Emeklilik A.Ş. 260.401 222.777 Allianz Sigorta A.Ş. 122.530 136.561 Ziraat Sigorta A.Ş. 113.157 258.981 Groupama Sigorta A.Ş. 43.842 48.543 Axa Sigorta A.Ş 41.981 1.394.118 Hdi Sigorta A.Ş. 19.160 - Ergo Sigorta A.Ş. (HDI Sigorta A.Ş.) 5.384 21.262 Liberty Sigorta A.Ş.(HDI Sigorta A.Ş.) 2.535 - Ziraat Hayat ve Emeklilik A.Ş. 2.049 Güven Sigorta T.A.Ş. 1.405 6.405 İstanbul Umum Sigorta A.Ş. 1.200 2.520 Other income 613.644 2.091.167 İş Merkezleri Yönetim ve İşletim A.Ş. - Office service cost 7.500.919 5.900.277 İş Gayrimenkul Yatırım Ortaklığı A.Ş. - IFRS 16 interest expense 678.267 - Yatırım Finansman Menkul Değerler - management commission 584.816 - İş Portföy Yönetimi - management commission 312.361 220.355 Axa Sigorta A.Ş. 132.217 302.204 Allianz Sigorta A.Ş. 75.604 80.431 Ziraat Sigorta A.Ş. 18.633 1.126 Liberty Sigorta A.Ş.(HDI Sigorta A.Ş.) 9.710 - Güven Sigorta A.Ş 7.786 25.177 Ergo Sigorta A.Ş. (HDI Sigorta A.Ş.) 6.241 641.708 Hdi Sigorta A.Ş. 5.710 - İstanbul Umum Sigorta A.Ş. 4.005 11.744 Groupama Sigorta A.Ş 3.378 54.044 Anadolu Hayat Emeklilik A.Ş. 698 2.001 Other expenses 9.340.345 7.239.067