KWSE:KUWAITRE Cash Flow 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
Net Income	19.91	14.13	10.83	8.27	6.32
Depreciation & Amortization	0.08	0.07	0.05	0.06	0.09
Gain (Loss) on Sale of Assets	-	-0.01	-	-0	-
Reinsurance Recoverable	-5.01	5.03	-12.54	1.48	-6.29
Change in Insurance Reserves / Liabilities	24.11	19.02	23.14	5.19	-
Change in Other Net Operating Assets	-0.31	-0.12	0.18	-1.46	-1.13
Other Operating Activities	-10.84	-9.22	-6.57	-3.98	-3.02
Operating Cash Flow	26.83	30.17	19.98	9.94	19.23
Operating Cash Flow Growth	-11.08%	51.04%	101.02%	-48.33%	40.57%
Capital Expenditures	-0.03	-0.08	-0.03	-0.02	-0
Sale of Property, Plant & Equipment	-	0.01	-	0	-
Investment in Securities	-30.89	-36.73	-24.01	-13.75	-22.47
Other Investing Activities	9.46	8.84	6	3.86	3.09
Investing Cash Flow	-21.55	-28.04	-18.12	-9.99	-19.44
Issuance of Common Stock	-	0	-	-	-
Repurchases of Common Stock	-0	-	-0	-0	-
Common Dividends Paid	-2.86	-1.82	-1.43	-1.09	-1.01
Financing Cash Flow	-2.86	-1.82	-1.43	-1.09	-1.01
Foreign Exchange Rate Adjustments	-0.13	-0.19	0.05	-0.1	0.04
Net Cash Flow	2.29	0.13	0.47	-1.25	-1.17
Free Cash Flow	26.79	30.09	19.94	9.92	19.23
Free Cash Flow Growth	-10.95%	50.86%	101.06%	-48.41%	41.48%
Free Cash Flow Margin	28.85%	36.91%	25.73%	15.15%	28.96%
Free Cash Flow Per Share	0.09	0.10	0.07	0.03	0.06
Cash Interest Paid	0	0	0	-	-
Cash Income Tax Paid	-	-	-	0.31	-
Levered Free Cash Flow	3.34	16.48	-11.18	-80.86	21.58
Unlevered Free Cash Flow	3.34	16.48	-11.18	-80.86	21.58
Change in Working Capital	17.69	25.21	15.68	5.59	15.85

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