Al-ahleia Insurance Company

Al-Ahleia Insurance Co.

AINSStocksBoursa KuwaitInsurance

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	133.61M	123.96M	114.70M	101.19M	100.77M
Operating Expenses	106.34M	98.87M	92.74M	83.02M	86.21M
Pretax Income	28.15M	24.41M	21.28M	17.32M	14.70M
Income Tax	301.30K	211.53K	229.86K	195.54K	156.49K
Net Income	25.18M	22.65M	20.03M	16.42M	13.97M
Premium Revenue	119.78M	109.49M	103.22M	85.51M	85.65M
Policy Benefits	80.61M	77.74M	66.50M	70.39M	62.79M
Policy Cost	17.67M	12.53M	16.39M	7.68M	14.43M
EPS (Basic)	0.11	0.10	0.09	0.07	0.06
EPS (Diluted)	0.11	0.10	0.09	0.07	0.06
DPS	0.03	0.01	0.03	0.04	0.03
Margins & Efficiency
Net Margin %	+18.8%	+18.3%	+17.5%	+16.2%	+13.9%
Revenue & Income
Revenue as Reported	—	—	—	—	102.30M
Revenue Growth (YoY)	+7.8%	+8.1%	+13.4%	+0.4%	+17.7%
Revenue Insurance	133.61M	123.96M	114.70M	101.19M	100.77M
Premiums Annuity Rev	119.78M	109.49M	103.22M	85.51M	85.65M
Other Revenue Insurance	-2.75M	0.95M	2.01M	0.35M	6.35M
Earnings From Equity Investments	—	—	—	—	279.79K
Gain Investment Rev Insurance	2.41M	0.94M	-0.57M	3.20M	2.17M
Currency Exchange Gain (Loss)	1.18M	-0.35M	-0.48M	-0.67M	—
Expenses & Provisions
SG&A Insurance	4.99M	4.89M	3.95M	4.17M	8.56M
Other Opex Insurance	2.66M	3.50M	5.90M	0.78M	0.39M
Total Opex Insurance	106.34M	98.87M	92.74M	83.02M	86.21M
Interest Expense	-26.62K	-83.44K	—	—	—
Other Non Operating Income (Expenses)	-282.82K	-246.18K	-216.48K	-180.56K	-140.41K
Policy Benefits	80.61M	77.74M	66.50M	70.39M	62.79M
Policy Cost	17.67M	12.53M	16.39M	7.68M	14.43M
Provision for Bad Debts	—	—	—	—	45.72K
Asset Writedown	12.87K	8.58K	25.74K	5.60K	3.40K
D&A For EBITDA	396.85K	220.42K	144.87K	135.16K	259.09K
Da Suppl Insurance	396.85K	220.42K	—	—	—
Deferred Policy Acquisition Cost	—	—	—	—	5.44M
Profitability & Returns
EBIT	27.27M	25.08M	21.96M	18.17M	14.56M
EBIT Margin	+20.4%	+20.2%	+19.1%	+18.0%	+14.4%
EBITDA	27.67M	25.30M	22.10M	18.30M	14.82M
EBITDA Margin	+20.7%	+20.4%	+19.3%	+18.1%	+14.7%
EBT Excluding Unusual Items	28.14M	24.40M	21.26M	17.32M	14.70M
Pretax Income	28.15M	24.41M	21.28M	17.32M	14.70M
Opinc Insurance	27.27M	25.08M	21.96M	18.17M	14.56M
Operating Margin	+20.4%	+20.2%	+19.1%	+18.0%	+14.4%
Profit Margin	+18.8%	+18.3%	+17.5%	+16.2%	+13.9%
Net Income	25.18M	22.65M	20.03M	16.42M	13.97M
Net Income to Common	25.18M	22.65M	20.03M	16.42M	13.97M
Net Income Growth	+11.2%	+13.1%	+22.0%	+17.6%	+14.6%
Earnings From Continuing Ops.	27.85M	24.20M	21.05M	17.13M	14.55M
Minority Interest in Earnings	-2.67M	-1.54M	-1.03M	-0.71M	-0.58M
Income Tax Expense	301.30K	211.53K	229.86K	195.54K	156.49K
Effective Tax Rate	+1.1%	+0.9%	+1.1%	+1.1%	+1.1%
Per Share & Capital
EPS (Basic)	0.11	0.10	0.09	0.07	0.06
EPS (Diluted)	0.11	0.10	0.09	0.07	0.06
EPS Growth	+11.2%	+13.1%	+22.0%	+17.6%	+14.6%
Dividend Per Share	0.03	0.01	0.03	0.04	0.03
Shares Change (YoY)	—	0	—	—	—
Shares Outstanding (Basic)	232.01M	232.01M	231.93M	231.93M	231.93M
Shares Outstanding (Diluted)	232.01M	232.01M	231.93M	231.93M	231.93M
Dividend Growth	+129.0%	-53.2%	-25.1%	+14.4%	+46.6%
Free Cash Flow	36.89M	48.66M	34.44M	21.85M	28.09M
Free Cash Flow Margin	+27.6%	+39.3%	+30.0%	+21.6%	+27.9%
Free Cash Flow Per Share	0.16	0.21	0.15	0.09	0.12
Payout Ratio	+13.3%	+29.7%	+44.3%	+46.3%	+37.3%
Supplemental
Total Interest Dividend Income	14.17M	12.59M	10.04M	12.13M	6.61M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	133.61M	123.96M	114.70M	101.19M	100.77M
Operating Expenses	106.34M	98.87M	92.74M	83.02M	86.21M
Pretax Income	28.15M	24.41M	21.28M	17.32M	14.70M
Income Tax	301.30K	211.53K	229.86K	195.54K	156.49K
Net Income	25.18M	22.65M	20.03M	16.42M	13.97M
Premium Revenue	119.78M	109.49M	103.22M	85.51M	85.65M
Policy Benefits	80.61M	77.74M	66.50M	70.39M	62.79M
Policy Cost	17.67M	12.53M	16.39M	7.68M	14.43M
EPS (Basic)	0.11	0.10	0.09	0.07	0.06
EPS (Diluted)	0.11	0.10	0.09	0.07	0.06
DPS	0.03	0.01	0.03	0.04	0.03
Margins & Efficiency
Net Margin %	+18.8%	+18.3%	+17.5%	+16.2%	+13.9%
Revenue & Income
Revenue as Reported	—	—	—	—	102.30M
Revenue Growth (YoY)	+7.8%	+8.1%	+13.4%	+0.4%	+17.7%
Revenue Insurance	133.61M	123.96M	114.70M	101.19M	100.77M
Premiums Annuity Rev	119.78M	109.49M	103.22M	85.51M	85.65M
Other Revenue Insurance	-2.75M	0.95M	2.01M	0.35M	6.35M
Earnings From Equity Investments	—	—	—	—	279.79K
Gain Investment Rev Insurance	2.41M	0.94M	-0.57M	3.20M	2.17M
Currency Exchange Gain (Loss)	1.18M	-0.35M	-0.48M	-0.67M	—
Expenses & Provisions
SG&A Insurance	4.99M	4.89M	3.95M	4.17M	8.56M
Other Opex Insurance	2.66M	3.50M	5.90M	0.78M	0.39M
Total Opex Insurance	106.34M	98.87M	92.74M	83.02M	86.21M
Interest Expense	-26.62K	-83.44K	—	—	—
Other Non Operating Income (Expenses)	-282.82K	-246.18K	-216.48K	-180.56K	-140.41K
Policy Benefits	80.61M	77.74M	66.50M	70.39M	62.79M
Policy Cost	17.67M	12.53M	16.39M	7.68M	14.43M
Provision for Bad Debts	—	—	—	—	45.72K
Asset Writedown	12.87K	8.58K	25.74K	5.60K	3.40K
D&A For EBITDA	396.85K	220.42K	144.87K	135.16K	259.09K
Da Suppl Insurance	396.85K	220.42K	—	—	—
Deferred Policy Acquisition Cost	—	—	—	—	5.44M
Profitability & Returns
EBIT	27.27M	25.08M	21.96M	18.17M	14.56M
EBIT Margin	+20.4%	+20.2%	+19.1%	+18.0%	+14.4%
EBITDA	27.67M	25.30M	22.10M	18.30M	14.82M
EBITDA Margin	+20.7%	+20.4%	+19.3%	+18.1%	+14.7%
EBT Excluding Unusual Items	28.14M	24.40M	21.26M	17.32M	14.70M
Pretax Income	28.15M	24.41M	21.28M	17.32M	14.70M
Opinc Insurance	27.27M	25.08M	21.96M	18.17M	14.56M
Operating Margin	+20.4%	+20.2%	+19.1%	+18.0%	+14.4%
Profit Margin	+18.8%	+18.3%	+17.5%	+16.2%	+13.9%
Net Income	25.18M	22.65M	20.03M	16.42M	13.97M
Net Income to Common	25.18M	22.65M	20.03M	16.42M	13.97M
Net Income Growth	+11.2%	+13.1%	+22.0%	+17.6%	+14.6%
Earnings From Continuing Ops.	27.85M	24.20M	21.05M	17.13M	14.55M
Minority Interest in Earnings	-2.67M	-1.54M	-1.03M	-0.71M	-0.58M
Income Tax Expense	301.30K	211.53K	229.86K	195.54K	156.49K
Effective Tax Rate	+1.1%	+0.9%	+1.1%	+1.1%	+1.1%
Per Share & Capital
EPS (Basic)	0.11	0.10	0.09	0.07	0.06
EPS (Diluted)	0.11	0.10	0.09	0.07	0.06
EPS Growth	+11.2%	+13.1%	+22.0%	+17.6%	+14.6%
Dividend Per Share	0.03	0.01	0.03	0.04	0.03
Shares Change (YoY)	—	0	—	—	—
Shares Outstanding (Basic)	232.01M	232.01M	231.93M	231.93M	231.93M
Shares Outstanding (Diluted)	232.01M	232.01M	231.93M	231.93M	231.93M
Dividend Growth	+129.0%	-53.2%	-25.1%	+14.4%	+46.6%
Free Cash Flow	36.89M	48.66M	34.44M	21.85M	28.09M
Free Cash Flow Margin	+27.6%	+39.3%	+30.0%	+21.6%	+27.9%
Free Cash Flow Per Share	0.16	0.21	0.15	0.09	0.12
Payout Ratio	+13.3%	+29.7%	+44.3%	+46.3%	+37.3%
Supplemental
Total Interest Dividend Income	14.17M	12.59M	10.04M	12.13M	6.61M