KWSE:AINS Income Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	119.78	109.49	103.22	85.51	85.65
Total Interest & Dividend Income	14.17	12.59	10.04	12.13	6.61
Gain (Loss) on Sale of Investments	2.41	0.94	-0.57	3.2	2.17
Other Revenue	-2.75	0.95	2.01	0.35	6.35
Total Revenue	133.61	123.96	114.7	101.19	100.77
Revenue Growth (YoY)	7.79%	8.07%	13.35%	0.41%	17.72%
Policy Benefits	80.61	77.74	66.5	70.39	62.79
Policy Acquisition & Underwriting Costs	17.67	12.53	16.39	7.68	14.43
Depreciation & Amortization	0.4	0.22	-	-	-
Selling, General & Administrative	4.99	4.89	3.95	4.17	8.56
Provision for Bad Debts	-	-	-	-	0.05
Other Operating Expenses	2.66	3.5	5.9	0.78	0.39
Total Operating Expenses	106.34	98.87	92.74	83.02	86.21
Operating Income	27.27	25.08	21.96	18.17	14.56
Interest Expense	-0.03	-0.08	-	-	-
Earnings From Equity Investments	-	-	-	-	0.28
Currency Exchange Gain (Loss)	1.18	-0.35	-0.48	-0.67	-
Other Non Operating Income (Expenses)	-0.28	-0.25	-0.22	-0.18	-0.14
EBT Excluding Unusual Items	28.14	24.4	21.26	17.32	14.7
Asset Writedown	0.01	0.01	0.03	0.01	0
Pretax Income	28.15	24.41	21.28	17.32	14.7
Income Tax Expense	0.3	0.21	0.23	0.2	0.16
Earnings From Continuing Ops.	27.85	24.2	21.05	17.13	14.55
Minority Interest in Earnings	-2.67	-1.54	-1.03	-0.71	-0.58
Net Income	25.18	22.65	20.03	16.42	13.97
Net Income to Common	25.18	22.65	20.03	16.42	13.97
Net Income Growth	11.17%	13.11%	21.99%	17.55%	14.62%
Shares Outstanding (Basic)	232	232	232	232	232
Shares Outstanding (Diluted)	232	232	232	232	232
Shares Change (YoY)	-	0.04%	-	-	-
EPS (Basic)	0.11	0.10	0.09	0.07	0.06
EPS (Diluted)	0.11	0.10	0.09	0.07	0.06
EPS Growth	11.17%	13.07%	21.99%	17.55%	14.62%
Free Cash Flow	36.89	48.66	34.44	21.85	28.09
Free Cash Flow Per Share	0.16	0.21	0.15	0.09	0.12
Dividend Per Share	0.030	0.013	0.028	0.037	0.033
Dividend Growth	129.01%	-53.21%	-25.13%	14.37%	46.64%
Operating Margin	20.41%	20.24%	19.14%	17.95%	14.45%
Profit Margin	18.85%	18.27%	17.46%	16.23%	13.86%
Free Cash Flow Margin	27.61%	39.26%	30.03%	21.59%	27.88%
EBITDA	27.67	25.3	22.1	18.3	14.82
EBITDA Margin	20.71%	20.41%	19.27%	18.09%	14.70%
D&A For EBITDA	0.4	0.22	0.14	0.14	0.26
EBIT	27.27	25.08	21.96	18.17	14.56
EBIT Margin	20.41%	20.24%	19.14%	17.95%	14.45%
Effective Tax Rate	1.07%	0.87%	1.08%	1.13%	1.06%
Revenue as Reported	-	-	-	-	102.3

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.