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

KWSE:GINS Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	446.98	442.64	416.72	385.4	301.01	282.95
Investments in Equity & Preferred Securities	45.78	47.31	54.31	48.38	73.02	77.19
Policy Loans	0.07	0.08	0.14	0.62	0.48	0.5
Other Investments	35.8	41.75	37.18	62.89	65.08	122.24
Total Investments	758.47	716.5	636.24	603.22	502.86	500.54
Cash & Equivalents	217.9	152.31	160.85	156.41	227.75	231.6
Reinsurance Recoverable	324.02	260.5	264.2	242.27	212.36	235.29
Other Receivables	52.8	65.25	43.76	16.78	36.11	219.93
Deferred Policy Acquisition Cost	-	-	-	-	-	18.61
Separate Account Assets	-	-	-	-	-	7.35
Property, Plant & Equipment	44.63	44.9	41.82	44.34	48.88	47.5
Goodwill	33.5	33.34	33.4	33.32	33.23	32.71
Other Intangible Assets	34.38	37.54	41.52	46.34	45.88	45.77
Other Current Assets	-	5.94	4.62	14.96	6.26	27.32
Long-Term Deferred Tax Assets	2.93	3.04	2.57	3.23	2.54	-
Other Long-Term Assets	34.2	7.53	8.73	14.55	27.47	6.68
Total Assets	1,503	1,327	1,238	1,175	1,143	1,373

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accrued Expenses	-	14.82	14.08	14.38	23.81	83.58
Insurance & Annuity Liabilities	835.46	701.3	634.5	577.85	543.91	234.8
Unpaid Claims	-	-	-	-	-	435.53
Unearned Premiums	-	-	-	-	-	170.81
Reinsurance Payable	33.31	35.38	22.46	36.05	23.94	2.39
Current Portion of Long-Term Debt	-	18.94	15.46	10.71	-	-
Current Portion of Leases	-	1.24	1.06	0.63	-	-
Short-Term Debt	20.45	1.81	-	3.08	-	-
Current Income Taxes Payable	17.44	7.15	5.73	5.5	1.74	0.98
Long-Term Debt	71.88	47.68	35.4	42.4	58.08	75.48
Long-Term Leases	4.99	4.04	4.16	4.41	4.43	-
Long-Term Deferred Tax Liabilities	3.64	3.57	1.37	0.92	0.57	-
Other Long-Term Liabilities	71.55	62.54	105.04	87.56	107.39	10.86
Total Liabilities	1,076	919.27	857.62	801.27	779.38	1,024

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	28.46	28.46	28.46	28.46	28.46	28.46
Additional Paid-In Capital	55.22	55.22	55.22	54.05	54.05	54.05
Retained Earnings	230.99	208.78	193.45	181.9	172.89	154.08
Treasury Stock	-	-	-	-0.43	-0.43	-0.43
Comprehensive Income & Other	29.22	31.78	25.44	32.29	33.68	37.05
Total Common Equity	343.89	324.23	302.56	296.26	288.64	273.2
Minority Interest	83.14	83.34	77.5	77.88	75.33	76.31
Shareholders' Equity	427.03	407.56	380.06	374.14	363.97	349.51
Total Liabilities & Equity	1,503	1,327	1,238	1,175	1,143	1,373

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	284.57	284.57	284.57	283.75	283.75	283.75
Total Common Shares Outstanding	284.57	284.57	284.57	283.75	283.75	283.75
Total Debt	97.32	73.72	56.09	61.23	62.5	75.48
Net Cash (Debt)	120.58	78.6	104.76	95.17	165.24	156.12
Net Cash Growth	-8.25%	-24.97%	10.07%	-42.41%	5.85%	122.92%
Net Cash Per Share	0.42	0.28	0.37	0.34	0.58	0.70
Book Value Per Share	1.00	0.93	0.85	0.83	0.81	0.75
Tangible Book Value	276.01	253.36	227.65	216.6	209.53	194.72
Tangible Book Value Per Share	0.76	0.68	0.59	0.55	0.53	0.47
Land	-	11.7	11.38	12.47	-	18.17
Buildings	-	32.26	28.5	30.42	-	31.51
Machinery	-	-	-	-	-	34.4
Leasehold Improvements	-	-	-	-	-	2.33

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 27, 2026

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