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

WINSRE Cash Flow Statement

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
Net Income	8.97	7.09	4.86	2.34	1.82	1.17
Depreciation & Amortization	0.24	0.23	0.21	0.21	0.18	0.21
Gain (Loss) on Sale of Investments	-0.66	-	-	-0.42	0.52	-0.34
Change in Accounts Receivable	-	-	-	-0.07	0.28	5.38
Reinsurance Recoverable	2.16	2.51	27.8	3.28	3.73	-15.06
Change in Insurance Reserves / Liabilities	-1.63	-2.25	-28.04	-2.04	-3.11	8.53
Change in Other Net Operating Assets	6.2	1.67	0.58	-1	2.42	1.64
Other Operating Activities	-3.09	-2.87	-0.99	-0.97	-1.14	-1.3
Operating Cash Flow	12.27	6.38	4.43	1.63	4.96	0.44
Operating Cash Flow Growth	614.26%	44.11%	170.96%	-67.05%	1016.34%	-
Capital Expenditures	-0.02	-0.1	-0.28	-0.14	-0.19	-0.14
Investment in Securities	-9.57	-8.36	-4.32	-1.64	-1.91	-2.97
Other Investing Activities	2.49	2.02	1.55	1.34	1.58	1.16
Investing Cash Flow	-6.9	-6.43	-3.06	-0.44	-0.52	-1.95
Long-Term Debt Issued	-	-	-	2	2	-
Total Debt Issued	-	-	-	2	2	-
Net Debt Issued (Repaid)	-	-	-	2	2	-
Issuance of Common Stock	-	-	-	3.24	-	-
Repurchases of Common Stock	-0.1	-0.1	-0.31	-3.43	-	-
Common Dividends Paid	-2.31	-1.33	-1.65	-1.29	-1.12	-
Financing Cash Flow	-2.41	-1.43	-1.96	0.51	0.88	-
Net Cash Flow	2.96	-1.48	-0.59	1.71	5.32	-1.5
Free Cash Flow	12.25	6.28	4.15	1.49	4.77	0.31
Free Cash Flow Growth	681.71%	51.51%	177.70%	-68.70%	1446.08%	-
Free Cash Flow Margin	25.55%	13.48%	19.73%	6.88%	24.99%	1.64%
Free Cash Flow Per Share	0.05	0.03	0.02	0.01	0.02	0.00
Levered Free Cash Flow	-	-1.28	-28.06	3.57	2.42	3.41
Unlevered Free Cash Flow	-	-1.28	-28.06	3.57	2.42	3.41
Change in Net Working Capital	-	5.75	30.94	-2.08	-1.01	-2.64

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