KWSE:GINS Balance Sheet

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Debt Securities	437.19	416.72	385.4	301.01	282.95	81.14
Investments in Equity & Preferred Securities	51.16	54.31	48.38	73.02	77.19	64.43
Policy Loans	0.1	0.14	0.62	0.48	0.5	0.87
Other Investments	41.94	37.18	62.89	65.08	122.24	71.37
Total Investments	698.11	636.24	603.22	502.86	500.54	230.23
Cash & Equivalents	178.81	160.85	156.41	227.75	231.6	71.34
Reinsurance Recoverable	210.81	264.2	242.27	212.36	235.29	292.36
Other Receivables	46.24	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	42.19	41.82	44.34	48.88	47.5	38.22
Goodwill	33.2	33.4	33.32	33.23	32.71	15.1
Other Intangible Assets	38.37	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	2.56	2.57	3.23	2.54	-	-
Other Long-Term Assets	31.42	8.73	14.55	27.47	6.68	-
Total Assets	1,282	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	661.02	634.5	577.85	543.91	234.8	160.24
Unpaid Claims	-	-	-	-	435.53	372.15
Unearned Premiums	-	-	-	-	170.81	59.35
Reinsurance Payable	30.36	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	16.16	5.73	5.5	1.74	0.98	0.75
Long-Term Debt	63.87	35.4	42.4	58.08	75.48	-
Long-Term Leases	5.22	4.16	4.41	4.43	-	0.56
Long-Term Deferred Tax Liabilities	2.18	1.37	0.92	0.57	-	-
Other Long-Term Liabilities	94.57	105.04	87.56	107.39	10.86	3.85
Total Liabilities	892.38	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	199.47	193.45	181.9	172.89	154.08	102
Treasury Stock	-	-	-0.43	-0.43	-0.43	-0.43
Comprehensive Income & Other	25.52	25.44	32.29	33.68	37.05	-9.57
Total Common Equity	308.66	302.56	296.26	288.64	273.2	117.4
Minority Interest	80.67	77.5	77.88	75.33	76.31	27.93
Shareholders' Equity	389.33	380.06	374.14	363.97	349.51	145.33
Total Liabilities & Equity	1,282	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	69.08	56.09	61.23	62.5	75.48	1.31
Net Cash (Debt)	109.73	104.76	95.17	165.24	156.12	70.03
Net Cash Growth	19.90%	10.07%	-42.41%	5.85%	122.92%	44.63%
Net Cash Per Share	0.39	0.37	0.34	0.58	0.70	0.37
Book Value Per Share	0.87	0.85	0.83	0.81	0.75	0.63
Tangible Book Value	237.1	227.65	216.6	209.53	194.72	102.3
Tangible Book Value Per Share	0.62	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.