Kuwait Insurance Company S.A.K.P. (KWSE: KINS)

KINS Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	-	-	13.43	13.84	8.67	7.75
Investments in Equity & Preferred Securities	-	76.25	84.69	69.19	63.31	88.6
Policy Loans	-	-	-	0.04	0.04	0.04
Other Investments	167.17	75.2	58.11	38.39	37.96	31.01
Total Investments	175.81	158.09	160.85	124.68	111.31	128.02
Cash & Equivalents	14.47	15.46	14.36	8.35	4.75	2.92
Reinsurance Recoverable	34.5	37.15	41.15	21.08	30.39	33.45
Other Receivables	-	-	-	11.88	11.75	10.14
Property, Plant & Equipment	0.4	0.37	0.39	0.63	0.78	0.92
Goodwill	2.83	2.83	-	-	-	-
Restricted Cash	-	-	-	1.64	1.64	2.95
Other Long-Term Assets	3.43	12.59	7.9	29.92	26.85	27.04
Total Assets	231.44	226.49	224.66	198.18	187.47	205.44
Accrued Expenses	-	2.96	2.04	1.85	1.81	2.05
Insurance & Annuity Liabilities	73.7	75.46	73.83	27.97	65.53	81.04
Unpaid Claims	-	-	-	37.08	7.65	-
Unearned Premiums	-	0.71	1.89	1.23	0.92	0.46
Reinsurance Payable	0.14	0.04	0.71	7.73	8.17	5.1
Current Income Taxes Payable	-	0.48	1.96	0.73	0.56	0.4
Other Current Liabilities	-	0.31	0.78	0.7	0.95	0.7
Other Long-Term Liabilities	8.33	4.7	4.41	3.17	3.12	2.96
Total Liabilities	82.17	84.66	85.63	80.46	88.7	92.71
Common Stock	19.4	19.4	19.4	19.4	19.4	19.4
Retained Earnings	110.06	107.79	102.29	56.13	50.24	45.26
Treasury Stock	-3.01	-3.01	-3.01	-3.01	-3.01	-3.01
Comprehensive Income & Other	22.62	17.64	20.34	45.2	32.13	51.07
Total Common Equity	149.08	141.82	139.03	117.73	98.77	112.73
Minority Interest	0.19	0.01	-	-	-	-
Shareholders' Equity	149.27	141.83	139.03	117.73	98.77	112.73
Total Liabilities & Equity	231.44	226.49	224.66	198.18	187.47	205.44
Filing Date Shares Outstanding	184.83	184.8	184.8	184.8	184.8	184.8
Total Common Shares Outstanding	184.83	184.8	184.8	184.8	184.8	184.8
Net Cash (Debt)	14.47	15.46	14.36	8.35	4.75	2.92
Net Cash Growth	-59.00%	7.67%	72.01%	75.90%	62.59%	-33.83%
Net Cash Per Share	0.08	0.08	0.08	0.05	0.03	0.02
Book Value Per Share	0.81	0.77	0.75	0.64	0.53	0.61
Tangible Book Value	146.25	138.99	139.03	117.73	98.77	112.73
Tangible Book Value Per Share	0.79	0.75	0.75	0.64	0.53	0.61
Land	-	4.32	4.32	4.32	4.32	4.32
Machinery	-	2.1	2	1.93	1.93	1.9

Source: S&P Capital IQ. Insurance template. Financial Sources.