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

KWSE:WINSRE Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	0.54	0.49	8.9	9.26	6.5
Investments in Equity & Preferred Securities	30.21	26.27	19.24	21.4	17.55
Policy Loans	-	-	-	0.02	0.03
Other Investments	8.79	5.18	5.01	0.3	1.4
Total Investments	67	52.18	44.72	40.28	34.43
Cash & Equivalents	5.96	5.37	6.85	7.45	5.73
Reinsurance Recoverable	18.54	21.59	24.1	50.47	54.78
Other Receivables	0.45	0.34	0.31	9.28	9
Deferred Policy Acquisition Cost	-	-	-	0.62	0.64
Property, Plant & Equipment	6.75	7.17	7.3	7.24	7.31
Other Current Assets	2.01	2.04	2.07	5.37	5.37
Other Long-Term Assets	3.39	3.4	2.37	2.5	3.16
Total Assets	104.1	92.11	87.72	123.19	120.43
Accounts Payable	-	-	-	3.61	3.4
Accrued Expenses	1.69	1.54	1.06	1.43	1.52
Insurance & Annuity Liabilities	36.68	39.35	35.76	7.36	6.75
Unpaid Claims	-	-	-	52.12	55.86
Unearned Premiums	-	-	-	6.07	5.26
Reinsurance Payable	-	-	-	0.7	0.66
Current Income Taxes Payable	0.35	0.28	0.22	-	-
Long-Term Debt	4	4	4	4	2
Other Current Liabilities	1.39	1.31	1.28	1.22	1.18
Other Long-Term Liabilities	14.75	7.47	6.43	4.33	5.1
Total Liabilities	60.81	55.82	50.62	82.56	83.36
Common Stock	25	25	17.71	17.71	17.71
Additional Paid-In Capital	0.22	0.21	0.22	0.31	0.16
Retained Earnings	11.68	8.91	15.8	15.97	15.67
Treasury Stock	-0.69	-1.21	-1.12	-0.89	-1.28
Comprehensive Income & Other	7.07	3.42	4.56	7.61	4.84
Total Common Equity	43.29	36.33	37.17	40.7	37.11
Minority Interest	0	-0.04	-0.07	-0.06	-0.04
Shareholders' Equity	43.29	36.29	37.11	40.64	37.07
Total Liabilities & Equity	104.1	92.11	87.72	123.19	120.43
Filing Date Shares Outstanding	243.43	238.21	239.27	241.83	243.91
Total Common Shares Outstanding	243.43	238.21	239.27	241.83	243.91
Total Debt	4	4	4	4	2
Net Cash (Debt)	1.96	1.37	2.85	3.45	3.73
Net Cash Growth	42.46%	-51.83%	-17.19%	-7.72%	801.56%
Net Cash Per Share	0.01	0.01	0.01	0.01	0.02
Book Value Per Share	0.18	0.15	0.16	0.17	0.15
Tangible Book Value	43.29	36.33	37.17	40.7	37.11
Tangible Book Value Per Share	0.18	0.15	0.16	0.17	0.15
Land	8.63	8.63	8.63	8.63	8.63
Machinery	3.01	2.79	2.69	2.55	2.53
Construction In Progress	0	0.39	0.39	0.26	0.13

Updated Feb 20, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.