KWSE:AINS Cash Flow Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Net Income	20.02	25.18	22.65	20.03	16.42	13.97
Depreciation & Amortization	0.41	0.4	0.22	0.14	0.14	0.26
Gain (Loss) on Sale of Assets	-	-	-0.01	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	-2.17
Change in Accounts Receivable	0.08	-0	-0.05	16.14	-8.11	1.43
Reinsurance Recoverable	4.08	-0.74	-2.4	-0.42	-9.43	-0.45
Change in Accounts Payable	-	-	-	-	-	-1.11
Change in Unearned Revenue	-	-	-	-	-	0
Change in Insurance Reserves / Liabilities	16.16	22.21	34.77	21.39	19.67	20.16
Change in Other Net Operating Assets	3.95	4	5.28	3.39	-1.98	-
Other Operating Activities	-6.11	-11.6	-14.13	-10.38	-9.18	-3.7
Operating Cash Flow	36.36	37.71	49.03	34.63	21.93	28.15
Operating Cash Flow Growth	-17.89%	-23.09%	41.59%	57.93%	-22.11%	-10.44%
Capital Expenditures	-0.32	-0.82	-0.37	-0.19	-0.07	-0.05
Sale of Property, Plant & Equipment	-	-	0.01	-	-	-
Cash Acquisitions	0	-0	0	-0	-1.42	-1.49
Investment in Securities	-53.03	-59.91	-55.01	-33.78	-19.59	-28.49
Other Investing Activities	15.63	14.61	13.49	8.92	6.6	4.94
Investing Cash Flow	-37.71	-46.12	-41.88	-25.05	-14.49	-25.08
Long-Term Debt Issued	-	15	15	-	-	-
Total Debt Issued	15	15	15	-	-	-
Total Debt Repaid	-6.35	-1.4	-15	-	-	-
Net Debt Issued (Repaid)	8.65	13.6	-	-	-	-
Issuance of Common Stock	-	-	0	-	-	-
Common Dividends Paid	-3.35	-3.35	-6.73	-8.87	-7.6	-5.21
Other Financing Activities	-0.14	-0.03	-0.08	-	-	-
Financing Cash Flow	5.16	10.23	-6.81	-8.87	-7.6	-5.21
Foreign Exchange Rate Adjustments	-0.31	-0.13	-0.19	0.07	-0.08	-0.01
Net Cash Flow	3.5	1.68	0.15	0.78	-0.25	-2.15
Free Cash Flow	36.04	36.89	48.66	34.44	21.85	28.09
Free Cash Flow Growth	-17.02%	-24.19%	41.30%	57.61%	-22.22%	-10.13%
Free Cash Flow Margin	29.56%	27.61%	39.26%	30.03%	21.59%	27.88%
Free Cash Flow Per Share	0.15	0.15	0.20	0.14	0.09	0.11
Levered Free Cash Flow	14.03	10.97	14.13	-12.15	-117.49	26.29
Unlevered Free Cash Flow	14.12	10.99	14.18	-12.15	-117.49	26.29
Change in Working Capital	22.06	23.74	40.31	24.87	13.91	20.03

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.