KWSE:KUWAITRE Income Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	83.37	82.33	72.6	71.4	58.41	62.5
Total Interest & Dividend Income	7.69	8.61	8.1	6.35	6.89	3.21
Gain (Loss) on Sale of Investments	1.94	1.94	0.81	-0.24	0.18	0.69
Total Revenue	92.65	92.89	81.52	77.51	65.49	66.4
Revenue Growth (YoY)	1.65%	13.94%	5.17%	18.36%	-1.37%	23.11%
Policy Benefits	65.13	64.5	142.24	107.57	19.86	43.09
Policy Acquisition & Underwriting Costs	7.42	7.42	7.17	5.38	4.58	13.42
Depreciation & Amortization	0.08	0.08	0.07	0.05	0.06	0.09
Selling, General & Administrative	1.66	1.65	1.48	1.16	0.99	2.88
Other Operating Expenses	0.1	0.12	-84.18	-48.19	30.9	0.18
Reinsurance Income or Expense	-	-	-	-	-	0.38
Total Operating Expenses	74.39	73.77	66.77	65.98	56.39	59.28
Operating Income	18.26	19.12	14.75	11.53	9.09	7.12
Interest Expense	-	-	-	-	-	-0
Currency Exchange Gain (Loss)	1.17	1.18	-0.35	-0.48	-0.67	-0.67
Other Non Operating Income (Expenses)	-0.18	-0.19	-0.14	-0.11	-0.08	-0.06
EBT Excluding Unusual Items	19.25	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	0.01	0.03	0.01	0
Pretax Income	19.26	20.12	14.28	10.97	8.36	6.39
Income Tax Expense	0.2	0.21	0.15	0.14	0.08	0.07
Net Income	19.06	19.91	14.13	10.83	8.27	6.32
Net Income to Common	19.06	19.91	14.13	10.83	8.27	6.32
Net Income Growth	24.16%	40.92%	30.41%	30.93%	30.98%	20.68%
Shares Outstanding (Basic)	339	339	339	339	339	339
Shares Outstanding (Diluted)	339	339	339	339	339	339
Shares Change (YoY)	0.01%	-0.00%	-	-0.00%	-0.00%	0.00%
EPS (Basic)	0.06	0.06	0.04	0.03	0.02	0.02
EPS (Diluted)	0.06	0.06	0.04	0.03	0.02	0.02
EPS Growth	24.15%	40.92%	30.41%	30.94%	30.98%	20.68%
Free Cash Flow	26.06	26.79	30.09	19.94	9.92	19.23
Free Cash Flow Per Share	0.08	0.08	0.09	0.06	0.03	0.06
Dividend Per Share	0.009	0.009	0.008	0.005	0.004	0.003
Dividend Growth	8.33%	8.33%	55.56%	28.57%	31.25%	6.67%
Operating Margin	19.71%	20.58%	18.09%	14.88%	13.89%	10.72%
Profit Margin	20.57%	21.43%	17.33%	13.98%	12.63%	9.51%
Free Cash Flow Margin	28.12%	28.85%	36.91%	25.73%	15.15%	28.96%
EBITDA	18.34	19.2	14.82	11.59	9.16	7.21
EBITDA Margin	19.79%	20.66%	18.18%	14.95%	13.98%	10.86%
D&A For EBITDA	0.08	0.08	0.07	0.05	0.06	0.09
EBIT	18.26	19.12	14.75	11.53	9.09	7.12
EBIT Margin	19.71%	20.58%	18.09%	14.88%	13.89%	10.72%
Effective Tax Rate	1.05%	1.05%	1.06%	1.27%	1.01%	1.12%

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