Warba Insurance and Reinsurance Company (K.S.C.P.) (KWSE: WINSRE)

WINSRE Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	-	0.49	8.9	9.26	6.5	5.88
Investments in Equity & Preferred Securities	3.71	26.27	19.24	21.4	17.55	18.66
Policy Loans	-	-	-	0.02	0.03	0.03
Other Investments	33.99	5.18	5.01	0.3	1.4	1.49
Total Investments	62.98	52.18	44.72	40.28	34.43	33.96
Cash & Equivalents	8.3	5.37	6.85	7.45	5.73	0.41
Reinsurance Recoverable	20.85	21.59	24.1	50.47	54.78	57.73
Other Receivables	-	0.34	0.31	9.28	9	10.06
Deferred Policy Acquisition Cost	-	-	-	0.62	0.64	0.59
Property, Plant & Equipment	6.8	7.17	7.3	7.24	7.31	7.3
Other Current Assets	1.8	2.04	2.07	5.37	5.37	5.38
Other Long-Term Assets	1.3	3.4	2.37	2.5	3.16	3.72
Total Assets	102.02	92.11	87.72	123.19	120.43	119.14
Accounts Payable	-	-	-	3.61	3.4	3.31
Accrued Expenses	-	1.54	1.06	1.43	1.52	0.99
Insurance & Annuity Liabilities	39.21	39.35	35.76	7.36	6.75	6.91
Unpaid Claims	-	-	-	52.12	55.86	58.63
Unearned Premiums	-	-	-	6.07	5.26	5.64
Reinsurance Payable	-	-	-	0.7	0.66	0.26
Current Income Taxes Payable	-	0.28	0.22	-	-	-
Long-Term Debt	4	4	4	4	2	-
Other Current Liabilities	-	1.31	1.28	1.22	1.18	1.09
Other Long-Term Liabilities	18.21	7.47	6.43	4.33	5.1	2.51
Total Liabilities	61.43	55.82	50.62	82.56	83.36	81.06
Common Stock	25	25	17.71	17.71	17.71	17.28
Additional Paid-In Capital	0.22	0.21	0.22	0.31	0.16	0.16
Retained Earnings	10.75	8.91	15.8	15.97	15.67	15.5
Treasury Stock	-0.69	-1.21	-1.12	-0.89	-1.28	-1.28
Comprehensive Income & Other	5.32	3.42	4.56	7.61	4.84	6.44
Total Common Equity	40.6	36.33	37.17	40.7	37.11	38.11
Minority Interest	-0.01	-0.04	-0.07	-0.06	-0.04	-0.03
Shareholders' Equity	40.59	36.29	37.11	40.64	37.07	38.08
Total Liabilities & Equity	102.02	92.11	87.72	123.19	120.43	119.14
Filing Date Shares Outstanding	243.43	238.21	239.27	241.83	243.91	243.91
Total Common Shares Outstanding	243.43	238.21	239.27	241.83	243.91	243.91
Total Debt	4	4	4	4	2	-
Net Cash (Debt)	4.3	1.37	2.85	3.45	3.73	0.41
Net Cash Growth	-	-51.83%	-17.19%	-7.72%	801.56%	-78.40%
Net Cash Per Share	0.02	0.01	0.01	0.01	0.02	0.00
Book Value Per Share	0.17	0.15	0.16	0.17	0.15	0.16
Tangible Book Value	40.6	36.33	37.17	40.7	37.11	38.11
Tangible Book Value Per Share	0.17	0.15	0.16	0.17	0.15	0.16
Land	-	8.63	8.63	8.63	8.63	8.63
Machinery	-	2.79	2.69	2.55	2.53	2.48
Construction In Progress	-	0.39	0.39	0.26	0.13	-

Source: S&P Capital IQ. Insurance template. Financial Sources.