Warba Insurance and Reinsurance Company (K.S.C.P.) (KWSE:WINSRE)

KWSE:WINSRE Balance Sheet

Financials in millions KWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	-	0.54	0.49	8.9	9.26	6.5
Investments in Equity & Preferred Securities	3.84	30.21	26.27	19.24	21.4	17.55
Policy Loans	-	-	-	-	0.02	0.03
Other Investments	45.52	8.79	5.18	5.01	0.3	1.4
Total Investments	70.46	67	52.18	44.72	40.28	34.43
Cash & Equivalents	10.31	5.96	5.37	6.85	7.45	5.73
Reinsurance Recoverable	20.18	18.54	21.59	24.1	50.47	54.78
Other Receivables	-	0.45	0.34	0.31	9.28	9
Deferred Policy Acquisition Cost	-	-	-	-	0.62	0.64
Property, Plant & Equipment	6.59	6.75	7.17	7.3	7.24	7.31
Other Current Assets	1.8	2.01	2.04	2.07	5.37	5.37
Other Long-Term Assets	1.35	3.39	3.4	2.37	2.5	3.16
Total Assets	110.68	104.1	92.11	87.72	123.19	120.43
Accounts Payable	-	-	-	-	3.61	3.4
Accrued Expenses	-	1.69	1.54	1.06	1.43	1.52
Insurance & Annuity Liabilities	39.05	36.68	39.35	35.76	7.36	6.75
Unpaid Claims	-	-	-	-	52.12	55.86
Unearned Premiums	-	-	-	-	6.07	5.26
Reinsurance Payable	-	-	-	-	0.7	0.66
Current Income Taxes Payable	-	0.35	0.28	0.22	-	-
Long-Term Debt	11.36	4	4	4	4	2
Other Current Liabilities	-	1.39	1.31	1.28	1.22	1.18
Other Long-Term Liabilities	7.54	14.75	7.47	6.43	4.33	5.1
Total Liabilities	57.95	60.81	55.82	50.62	82.56	83.36
Common Stock	25	25	25	17.71	17.71	17.71
Additional Paid-In Capital	0.22	0.22	0.21	0.22	0.31	0.16
Retained Earnings	13.61	11.68	8.91	15.8	15.97	15.67
Treasury Stock	-0.69	-0.69	-1.21	-1.12	-0.89	-1.28
Comprehensive Income & Other	14.58	7.07	3.42	4.56	7.61	4.84
Total Common Equity	52.71	43.29	36.33	37.17	40.7	37.11
Minority Interest	0.02	0	-0.04	-0.07	-0.06	-0.04
Shareholders' Equity	52.74	43.29	36.29	37.11	40.64	37.07
Total Liabilities & Equity	110.68	104.1	92.11	87.72	123.19	120.43
Filing Date Shares Outstanding	243.43	243.43	238.21	239.27	241.83	243.91
Total Common Shares Outstanding	243.43	243.43	238.21	239.27	241.83	243.91
Total Debt	11.36	4	4	4	4	2
Net Cash (Debt)	-1.05	1.96	1.37	2.85	3.45	3.73
Net Cash Growth	-	42.46%	-51.83%	-17.19%	-7.72%	801.56%
Net Cash Per Share	-0.00	0.01	0.01	0.01	0.01	0.02
Book Value Per Share	0.22	0.18	0.15	0.16	0.17	0.15
Tangible Book Value	52.71	43.29	36.33	37.17	40.7	37.11
Tangible Book Value Per Share	0.22	0.18	0.15	0.16	0.17	0.15
Land	-	8.63	8.63	8.63	8.63	8.63
Machinery	-	3.01	2.79	2.69	2.55	2.53
Construction In Progress	-	0	0.39	0.39	0.26	0.13

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.