KWSE:WINSRE Income Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Premiums & Annuity Revenue	24.56	24.9	26.98	19.6	18.04	16.06
Total Interest & Dividend Income	1.72	1.46	-0.27	1.6	0.96	1.43
Gain (Loss) on Sale of Investments	0.92	0.63	0.71	-0.63	0.38	-0.52
Other Revenue	0.26	0.31	0.35	0.46	2.34	2.12
Total Revenue	27.46	27.31	27.77	21.02	21.71	19.09
Revenue Growth (YoY)	-5.62%	-1.65%	32.09%	-3.18%	13.72%	1.41%
Policy Benefits	20.86	19.66	18.03	14.26	11.48	9.05
Policy Acquisition & Underwriting Costs	-	-	-	-	2.23	2.05
Selling, General & Administrative	2.13	2.13	2.69	1.94	4.94	5.19
Provision for Bad Debts	-	-	-	-	0.7	0.5
Other Operating Expenses	0.12	0.15	0.1	0.11	0.08	0.04
Total Operating Expenses	23.11	21.94	20.82	16.31	19.43	16.83
Operating Income	4.35	5.36	6.94	4.71	2.28	2.26
Currency Exchange Gain (Loss)	-	-	-	-	0.09	-0.42
Other Non Operating Income (Expenses)	0.29	0.36	0.21	0.19	-0.02	-0.02
EBT Excluding Unusual Items	4.64	5.72	7.15	4.9	2.35	1.83
Pretax Income	4.64	5.72	7.15	4.9	2.35	1.83
Income Tax Expense	0.04	0.05	0.04	0.04	0.03	0.02
Earnings From Continuing Ops.	4.6	5.67	7.12	4.86	2.32	1.81
Minority Interest in Earnings	-0.03	-0.05	-0.02	0	0.02	0.01
Net Income	4.57	5.62	7.09	4.86	2.34	1.82
Net Income to Common	4.57	5.62	7.09	4.86	2.34	1.82
Net Income Growth	-49.03%	-20.73%	45.84%	107.48%	28.59%	55.69%
Shares Outstanding (Basic)	243	241	241	243	240	244
Shares Outstanding (Diluted)	243	241	241	243	240	244
Shares Change (YoY)	1.39%	0.28%	-0.85%	1.05%	-1.72%	0.19%
EPS (Basic)	0.02	0.02	0.03	0.02	0.01	0.01
EPS (Diluted)	0.02	0.02	0.03	0.02	0.01	0.01
EPS Growth	-49.73%	-20.95%	47.10%	105.33%	30.83%	55.40%
Free Cash Flow	-1.89	10.71	6.28	4.15	1.49	4.77
Free Cash Flow Per Share	-0.01	0.04	0.03	0.02	0.01	0.02
Dividend Per Share	0.012	0.012	0.010	0.006	0.007	0.005
Dividend Growth	20.00%	20.00%	75.44%	-19.72%	29.09%	10.00%
Operating Margin	15.84%	19.64%	25.01%	22.42%	10.50%	11.85%
Profit Margin	16.64%	20.58%	25.54%	23.13%	10.79%	9.54%
Free Cash Flow Margin	-6.88%	39.24%	22.63%	19.73%	6.88%	24.99%
EBITDA	4.6	5.61	7.18	4.92	2.49	2.44
EBITDA Margin	16.75%	20.56%	25.85%	23.42%	11.49%	12.80%
D&A For EBITDA	0.25	0.25	0.23	0.21	0.21	0.18
EBIT	4.35	5.36	6.94	4.71	2.28	2.26
EBIT Margin	15.84%	19.64%	25.01%	22.42%	10.50%	11.85%
Effective Tax Rate	0.87%	0.94%	0.53%	0.83%	1.28%	0.91%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.