Gulf Insurance Group K.S.C.P. (KWSE:GINS)

KWSE:GINS 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	424.52	416.72	385.4	301.01	282.95	81.14
Investments in Equity & Preferred Securities	51.45	54.31	48.38	73.02	77.19	64.43
Policy Loans	0.09	0.14	0.62	0.48	0.5	0.87
Other Investments	44.89	37.18	62.89	65.08	122.24	71.37
Total Investments	668.17	636.24	603.22	502.86	500.54	230.23
Cash & Equivalents	187.93	160.85	156.41	227.75	231.6	71.34
Reinsurance Recoverable	223.09	264.2	242.27	212.36	235.29	292.36
Other Receivables	31.13	43.76	16.78	36.11	219.93	129.32
Deferred Policy Acquisition Cost	-	-	-	-	18.61	3.14
Separate Account Assets	-	-	-	-	7.35	-
Property, Plant & Equipment	42.16	41.82	44.34	48.88	47.5	38.22
Goodwill	33.21	33.4	33.32	33.23	32.71	15.1
Other Intangible Assets	38.58	41.52	46.34	45.88	45.77	-
Other Current Assets	-	4.62	14.96	6.26	27.32	21
Long-Term Deferred Tax Assets	2.59	2.57	3.23	2.54	-	-
Other Long-Term Assets	34.21	8.73	14.55	27.47	6.68	-
Total Assets	1,261	1,238	1,175	1,143	1,373	800.71
Accrued Expenses	-	14.08	14.38	23.81	83.58	45.42
Insurance & Annuity Liabilities	661.74	634.5	577.85	543.91	234.8	160.24
Unpaid Claims	-	-	-	-	435.53	372.15
Unearned Premiums	-	-	-	-	170.81	59.35
Reinsurance Payable	26.39	22.46	36.05	23.94	2.39	2.18
Current Portion of Long-Term Debt	-	15.46	10.71	-	-	-
Current Portion of Leases	-	1.06	0.63	-	-	0.75
Short-Term Debt	-	-	3.08	-	-	-
Current Income Taxes Payable	12.99	5.73	5.5	1.74	0.98	0.75
Long-Term Debt	50.87	35.4	42.4	58.08	75.48	-
Long-Term Leases	5.64	4.16	4.41	4.43	-	0.56
Long-Term Deferred Tax Liabilities	1.74	1.37	0.92	0.57	-	-
Other Long-Term Liabilities	99.33	105.04	87.56	107.39	10.86	3.85
Total Liabilities	876.67	857.62	801.27	779.38	1,024	655.38
Common Stock	28.46	28.46	28.46	28.46	28.46	18.7
Additional Paid-In Capital	55.22	55.22	54.05	54.05	54.05	6.7
Retained Earnings	197.91	193.45	181.9	172.89	154.08	102
Treasury Stock	-	-	-0.43	-0.43	-0.43	-0.43
Comprehensive Income & Other	24.36	25.44	32.29	33.68	37.05	-9.57
Total Common Equity	305.95	302.56	296.26	288.64	273.2	117.4
Minority Interest	78.44	77.5	77.88	75.33	76.31	27.93
Shareholders' Equity	384.38	380.06	374.14	363.97	349.51	145.33
Total Liabilities & Equity	1,261	1,238	1,175	1,143	1,373	800.71
Filing Date Shares Outstanding	284.57	284.57	283.75	283.75	283.75	186.22
Total Common Shares Outstanding	284.57	284.57	283.75	283.75	283.75	186.22
Total Debt	56.51	56.09	61.23	62.5	75.48	1.31
Net Cash (Debt)	131.42	104.76	95.17	165.24	156.12	70.03
Net Cash Growth	5.09%	10.07%	-42.41%	5.85%	122.92%	44.63%
Net Cash Per Share	0.46	0.37	0.34	0.58	0.70	0.37
Book Value Per Share	0.86	0.85	0.83	0.81	0.75	0.63
Tangible Book Value	234.16	227.65	216.6	209.53	194.72	102.3
Tangible Book Value Per Share	0.61	0.59	0.55	0.53	0.47	0.55
Land	-	11.38	12.47	-	18.17	16.12
Buildings	-	28.5	30.42	-	31.51	22.31
Machinery	-	-	-	-	34.4	15.39
Leasehold Improvements	-	-	-	-	2.33	2.27

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