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	Mar 31, 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	3.92	30.21	26.27	19.24	21.4	17.55
Policy Loans	-	-	-	-	0.02	0.03
Other Investments	41.27	8.79	5.18	5.01	0.3	1.4
Total Investments	75.18	67	52.18	44.72	40.28	34.43
Cash & Equivalents	6.21	5.96	5.37	6.85	7.45	5.73
Reinsurance Recoverable	22.35	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	6.69	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	2.54	3.39	3.4	2.37	2.5	3.16
Total Assets	114.77	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	40.73	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	17.11	4	4	4	4	2
Other Current Liabilities	-	1.39	1.31	1.28	1.22	1.18
Other Long-Term Liabilities	8.6	14.75	7.47	6.43	4.33	5.1
Total Liabilities	66.44	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	13.76	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	10.02	7.07	3.42	4.56	7.61	4.84
Total Common Equity	48.31	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	48.33	43.29	36.29	37.11	40.64	37.07
Total Liabilities & Equity	114.77	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	17.11	4	4	4	4	2
Net Cash (Debt)	-10.9	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	0.20	0.18	0.15	0.16	0.17	0.15
Tangible Book Value	48.31	43.29	36.33	37.17	40.7	37.11
Tangible Book Value Per Share	0.20	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.