MILLI_RE_ANNUAL REPORT 2022

23 Provision for other liabilities and expense accruals As of December 31, 2022, and 2021, the provisions for other risks are disclosed as follows: December 31, 2022 December 31, 2021 Provision for pension fund deficits (Note 22) 235.267.182 102.998.511 Provision for employee termination benefits - - Provision for unused vacation 135.521.632 58.186.518 Permission charge 11.902.901 5.532.364 Total provision for other risks 382.691.715 166.717.393 Movement of provision for employee termination benefits during the period is presented below: December 31, 2022 December 31, 2021 Provision at the beginning of the period 58.186.518 45.465.115 Interest cost (Note 47) 12.327.307 7.679.100 Service cost (Note 47) 3.864.187 4.458.468 Payments during the period (Note 47) (5.252.349) (5.132.994) Actuarial gain/loss 66.395.969 5.716.829 Provision at the end of the period 135.521.632 58.186.518 24 Net insurance premium revenue Net insurance premium revenue for non–life branches is presented in detailed in the accompanying consolidated statement of income. 25 Fee revenue None. 26 Investment income Investment income is presented in Note 4.2 – Financial risk management . 27 Net income accrual on financial asset Net realized gains on financial assets are presented in Note 4.2 – Financial risk management . 28 Assets held at fair value through profit or loss Presented in “ Note 4.2 – Financial Risk Management”. 258 MİLLİ RE 2022 ANNUAL REPORT Notes to the Consolidated Financial Statements As of December 31, 2022 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1 GENERAL INFORMATION FINANCIAL RIGHTS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RESEARCH & DEVELOPMENT ACTIVITIES ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES