KWSE:KUWAITRE Income Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Premiums & Annuity Revenue	82.33	72.6	71.4	58.41	62.5
Total Interest & Dividend Income	8.61	8.1	6.35	6.89	3.21
Gain (Loss) on Sale of Investments	1.94	0.81	-0.24	0.18	0.69
Total Revenue	92.89	81.52	77.51	65.49	66.4
Revenue Growth (YoY)	13.94%	5.17%	18.36%	-1.37%	23.11%
Policy Benefits	64.5	142.24	107.57	19.86	43.09
Policy Acquisition & Underwriting Costs	7.42	7.17	5.38	4.58	13.42
Depreciation & Amortization	0.08	0.07	0.05	0.06	0.09
Selling, General & Administrative	1.65	1.48	1.16	0.99	2.88
Other Operating Expenses	0.12	-84.18	-48.19	30.9	0.18
Reinsurance Income or Expense	-	-	-	-	0.38
Total Operating Expenses	73.77	66.77	65.98	56.39	59.28
Operating Income	19.12	14.75	11.53	9.09	7.12
Interest Expense	-	-	-	-	-0
Currency Exchange Gain (Loss)	1.18	-0.35	-0.48	-0.67	-0.67
Other Non Operating Income (Expenses)	-0.19	-0.14	-0.11	-0.08	-0.06
EBT Excluding Unusual Items	20.11	14.26	10.95	8.35	6.39
Gain (Loss) on Sale of Assets	-	0.01	-	0	-
Asset Writedown	0.01	0.01	0.03	0.01	0
Pretax Income	20.12	14.28	10.97	8.36	6.39
Income Tax Expense	0.21	0.15	0.14	0.08	0.07
Net Income	19.91	14.13	10.83	8.27	6.32
Net Income to Common	19.91	14.13	10.83	8.27	6.32
Net Income Growth	40.92%	30.41%	30.93%	30.98%	20.68%
Shares Outstanding (Basic)	308	308	308	308	308
Shares Outstanding (Diluted)	308	308	308	308	308
Shares Change (YoY)	-0.00%	-	-0.00%	-0.00%	0.00%
EPS (Basic)	0.06	0.05	0.04	0.03	0.02
EPS (Diluted)	0.06	0.05	0.04	0.03	0.02
EPS Growth	40.92%	30.41%	30.94%	30.98%	20.69%
Free Cash Flow	26.79	30.09	19.94	9.92	19.23
Free Cash Flow Per Share	0.09	0.10	0.07	0.03	0.06
Dividend Per Share	0.010	0.009	0.006	0.005	0.004
Dividend Growth	7.53%	57.63%	25.53%	30.56%	12.50%
Operating Margin	20.58%	18.09%	14.88%	13.89%	10.72%
Profit Margin	21.43%	17.33%	13.98%	12.63%	9.51%
Free Cash Flow Margin	28.85%	36.91%	25.73%	15.15%	28.96%
EBITDA	19.2	14.82	11.59	9.16	7.21
EBITDA Margin	20.66%	18.18%	14.95%	13.98%	10.86%
D&A For EBITDA	0.08	0.07	0.05	0.06	0.09
EBIT	19.12	14.75	11.53	9.09	7.12
EBIT Margin	20.58%	18.09%	14.88%	13.89%	10.72%
Effective Tax Rate	1.05%	1.06%	1.27%	1.01%	1.12%

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