MILLI_RE_ANNUAL REPORT 2022

39 Cash generated from operations The cash flows from operating activities are presented in the accompanying consolidated statement of cash flows. 40 Convertible bond None. 41 Redeemable preference shares None. 42 Risks In the normal course of its operations, the Group is exposed to legal disputes, claims and challenges, which mainly stem from its insurance operations. The necessary income/expense accruals for the revocable cases against/on behalf of the Group are provided under outstanding claims reserves in the accompanying consolidated financial statements. As of December 31,2022, total amount of the claims that the Group face is TL 3.146.699.781 in gross (December 31, 2021: TL 2.765.800.932). The Group provided outstanding claims reserves in the consolidated financial statements by considering collateral amounts. As of December 31, 2022, ongoing lawsuits prosecuted by the Company’s subsidiary Insurance Company against the third parties amounting TL 1.066.326.082 (December 31, 2021: TL 727.251.158). Anadolu Anonim Türk Sigorta Şirketi Mensupları Dayanışma Vakfı” was established by Anadolu Anonim Türk Sigorta Şirketi in accordance with the Turkish Commercial and Civil Laws which is examined by Tax Audit Committee inspectors due to the Company payments what are fulfilled obligations to the foundation owing to deed of the foundation and the related act. As a result of this investigation, an examination was reported for periods of 2007, 2008, 2009, 2010 and 2011. Legal process has been started for the years 2007, 2008, 2009, 2010, 2011 and the later years and the payment regarding to the revenue authorities was paid. As of the report date, there is no recognized provision. 43 Commitments Details of the guarantees given by the Group in non-life insurance branches are shown in Note 17. 44 Business combinations None. 45 Related party transactions No guarantees have been taken against receivables from related parties. There are no doubtful receivables and payables from/to shareholders, subsidiaries and joint ventures. There are no guarantees, commitments, guarantee letters, advances and endorsements given in favor of shareholders, associates and subsidiaries. 263 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 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 FINANCIAL STATUS