KWSE:WINSRE 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	23.55	24.9	26.98	19.6	18.04
Total Interest & Dividend Income	1.86	1.46	-0.27	1.6	0.96
Gain (Loss) on Sale of Investments	0.92	0.63	0.71	-0.63	0.38
Other Revenue	0.28	0.31	0.35	0.46	2.34
Total Revenue	26.61	27.31	27.77	21.02	21.71
Revenue Growth (YoY)	-2.54%	-1.65%	32.09%	-3.18%	13.72%
Policy Benefits	19.9	19.66	18.03	14.26	11.48
Policy Acquisition & Underwriting Costs	-	-	-	-	2.23
Selling, General & Administrative	2.22	2.13	2.69	1.94	4.94
Provision for Bad Debts	-	-	-	-	0.7
Other Operating Expenses	0.12	0.15	0.1	0.11	0.08
Total Operating Expenses	22.25	21.94	20.82	16.31	19.43
Operating Income	4.37	5.36	6.94	4.71	2.28
Currency Exchange Gain (Loss)	-	-	-	-	0.09
Other Non Operating Income (Expenses)	0.22	0.36	0.21	0.19	-0.02
EBT Excluding Unusual Items	4.59	5.72	7.15	4.9	2.35
Pretax Income	4.59	5.72	7.15	4.9	2.35
Income Tax Expense	0.05	0.05	0.04	0.04	0.03
Earnings From Continuing Ops.	4.54	5.67	7.12	4.86	2.32
Minority Interest in Earnings	-0.01	-0.05	-0.02	0	0.02
Net Income	4.53	5.62	7.09	4.86	2.34
Net Income to Common	4.53	5.62	7.09	4.86	2.34
Net Income Growth	-19.36%	-20.73%	45.84%	107.48%	28.59%
Shares Outstanding (Basic)	243	241	241	243	240
Shares Outstanding (Diluted)	243	241	241	243	240
Shares Change (YoY)	0.88%	0.28%	-0.85%	1.05%	-1.72%
EPS (Basic)	0.02	0.02	0.03	0.02	0.01
EPS (Diluted)	0.02	0.02	0.03	0.02	0.01
EPS Growth	-20.06%	-20.95%	47.10%	105.33%	30.83%
Free Cash Flow	0.81	10.71	6.28	4.15	1.49
Free Cash Flow Per Share	0.00	0.04	0.03	0.02	0.01
Dividend Per Share	0.015	0.012	0.010	0.006	0.007
Dividend Growth	25.00%	20.00%	75.44%	-19.72%	29.09%
Operating Margin	16.41%	19.64%	25.01%	22.42%	10.50%
Profit Margin	17.03%	20.58%	25.54%	23.13%	10.79%
Free Cash Flow Margin	3.06%	39.24%	22.63%	19.73%	6.88%
EBITDA	4.61	5.61	7.18	4.92	2.49
EBITDA Margin	17.33%	20.56%	25.85%	23.42%	11.49%
D&A For EBITDA	0.25	0.25	0.23	0.21	0.21
EBIT	4.37	5.36	6.94	4.71	2.28
EBIT Margin	16.41%	19.64%	25.01%	22.42%	10.50%
Effective Tax Rate	1.00%	0.94%	0.53%	0.83%	1.28%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.