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	Jun 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	3.79	30.21	26.27	19.24	21.4	17.55
Policy Loans	-	-	-	-	0.02	0.03
Other Investments	43.88	8.79	5.18	5.01	0.3	1.4
Total Investments	77	67	52.18	44.72	40.28	34.43
Cash & Equivalents	7.94	5.96	5.37	6.85	7.45	5.73
Reinsurance Recoverable	20.79	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	6.65	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	1.61	3.39	3.4	2.37	2.5	3.16
Total Assets	115.79	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	38.92	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
Short-Term Debt	0.5	-	-	-	-	-
Current Income Taxes Payable	-	0.35	0.28	0.22	-	-
Long-Term Debt	17.11	4	4	4	4	2
Other Current Liabilities	-	1.39	1.31	1.28	1.22	1.18
Other Long-Term Liabilities	8.69	14.75	7.47	6.43	4.33	5.1
Total Liabilities	65.23	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	11.5	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	14.5	7.07	3.42	4.56	7.61	4.84
Total Common Equity	50.54	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	50.56	43.29	36.29	37.11	40.64	37.07
Total Liabilities & Equity	115.79	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	17.62	4	4	4	4	2
Net Cash (Debt)	-9.68	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	-0.04	0.01	0.01	0.01	0.01	0.02
Book Value Per Share	0.21	0.18	0.15	0.16	0.17	0.15
Tangible Book Value	50.54	43.29	36.33	37.17	40.7	37.11
Tangible Book Value Per Share	0.21	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 Feb 20, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.