Kuwait Reinsurance Company

Kuwait Reinsurance Co.

KUWAITREStocksBoursa 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	92.89M	81.52M	77.51M	65.49M	66.40M
Operating Expenses	73.77M	66.77M	65.98M	56.39M	59.28M
Pretax Income	20.12M	14.28M	10.97M	8.36M	6.39M
Income Tax	211.60K	151.72K	139.28K	84.04K	71.53K
Net Income	19.91M	14.13M	10.83M	8.27M	6.32M
Premium Revenue	82.33M	72.60M	71.40M	58.41M	62.50M
Policy Benefits	64.50M	142.24M	107.57M	19.86M	43.09M
Policy Cost	7.42M	7.17M	5.38M	4.58M	13.42M
EPS (Basic)	0.06	0.05	0.04	0.03	0.02
EPS (Diluted)	0.06	0.05	0.04	0.03	0.02
DPS	0.01	0.01	0.01	0.00	0.00
Margins & Efficiency
Net Margin %	+21.4%	+17.3%	+14.0%	+12.6%	+9.5%
Revenue & Income
Revenue Growth (YoY)	+13.9%	+5.2%	+18.4%	-1.4%	+23.1%
Revenue Insurance	92.89M	81.52M	77.51M	65.49M	66.40M
Premiums Annuity Rev	82.33M	72.60M	71.40M	58.41M	62.50M
Gain (Loss) on Sale of Assets	—	13.47K	—	2.50K	—
Gain Investment Rev Insurance	1.94M	0.81M	-0.24M	0.18M	0.69M
Currency Exchange Gain (Loss)	1.18M	-0.35M	-0.48M	-0.67M	-0.67M
Reinsurance	—	—	—	—	384.22K
Expenses & Provisions
SG&A Insurance	1.65M	1.48M	1.16M	0.99M	2.88M
Other Opex Insurance	0.12M	-84.18M	-48.19M	30.90M	0.18M
Total Opex Insurance	73.77M	66.77M	65.98M	56.39M	59.28M
Interest Expense	—	—	—	—	-34
Other Non Operating Income (Expenses)	-190.81K	-135.93K	-105.17K	-76.89K	-61.52K
Policy Benefits	64.50M	142.24M	107.57M	19.86M	43.09M
Policy Cost	7.42M	7.17M	5.38M	4.58M	13.42M
Asset Writedown	12.87K	8.58K	25.74K	5.60K	3.40K
D&A For EBITDA	77.14K	70.57K	54.22K	61.49K	91.74K
Da Suppl Insurance	77.14K	70.57K	54.22K	61.49K	91.74K
Deferred Policy Acquisition Cost	—	—	—	—	5.44M
Profitability & Returns
EBIT	19.12M	14.75M	11.53M	9.09M	7.12M
EBIT Margin	+20.6%	+18.1%	+14.9%	+13.9%	+10.7%
EBITDA	19.20M	14.82M	11.59M	9.16M	7.21M
EBITDA Margin	+20.7%	+18.2%	+15.0%	+14.0%	+10.9%
EBT Excluding Unusual Items	20.11M	14.26M	10.95M	8.35M	6.39M
Pretax Income	20.12M	14.28M	10.97M	8.36M	6.39M
Opinc Insurance	19.12M	14.75M	11.53M	9.09M	7.12M
Operating Margin	+20.6%	+18.1%	+14.9%	+13.9%	+10.7%
Profit Margin	+21.4%	+17.3%	+14.0%	+12.6%	+9.5%
Net Income	19.91M	14.13M	10.83M	8.27M	6.32M
Net Income to Common	19.91M	14.13M	10.83M	8.27M	6.32M
Net Income Growth	+40.9%	+30.4%	+30.9%	+31.0%	+20.7%
Income Tax Expense	211.60K	151.72K	139.28K	84.04K	71.53K
Effective Tax Rate	+1.1%	+1.1%	+1.3%	+1.0%	+1.1%
Per Share & Capital
EPS (Basic)	0.06	0.05	0.04	0.03	0.02
EPS (Diluted)	0.06	0.05	0.04	0.03	0.02
EPS Growth	+40.9%	+30.4%	+30.9%	+31.0%	+20.7%
Dividend Per Share	0.01	0.01	0.01	0.00	0.00
Shares Change (YoY)	-0	0	-0	-0	0
Shares Outstanding (Basic)	308.46M	308.46M	308.46M	308.47M	308.48M
Shares Outstanding (Diluted)	308.46M	308.46M	308.46M	308.47M	308.48M
Dividend Growth	+7.5%	+57.6%	+25.5%	+30.6%	+12.5%
Free Cash Flow	26.79M	30.09M	19.94M	9.92M	19.23M
Free Cash Flow Margin	+28.8%	+36.9%	+25.7%	+15.1%	+29.0%
Free Cash Flow Per Share	0.09	0.10	0.07	0.03	0.06
Payout Ratio	+14.3%	+12.9%	+13.2%	+13.2%	+16.0%
Supplemental
Total Interest Dividend Income	8.61M	8.10M	6.35M	6.89M	3.21M

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	92.89M	81.52M	77.51M	65.49M	66.40M
Operating Expenses	73.77M	66.77M	65.98M	56.39M	59.28M
Pretax Income	20.12M	14.28M	10.97M	8.36M	6.39M
Income Tax	211.60K	151.72K	139.28K	84.04K	71.53K
Net Income	19.91M	14.13M	10.83M	8.27M	6.32M
Premium Revenue	82.33M	72.60M	71.40M	58.41M	62.50M
Policy Benefits	64.50M	142.24M	107.57M	19.86M	43.09M
Policy Cost	7.42M	7.17M	5.38M	4.58M	13.42M
EPS (Basic)	0.06	0.05	0.04	0.03	0.02
EPS (Diluted)	0.06	0.05	0.04	0.03	0.02
DPS	0.01	0.01	0.01	0.00	0.00
Margins & Efficiency
Net Margin %	+21.4%	+17.3%	+14.0%	+12.6%	+9.5%
Revenue & Income
Revenue Growth (YoY)	+13.9%	+5.2%	+18.4%	-1.4%	+23.1%
Revenue Insurance	92.89M	81.52M	77.51M	65.49M	66.40M
Premiums Annuity Rev	82.33M	72.60M	71.40M	58.41M	62.50M
Gain (Loss) on Sale of Assets	—	13.47K	—	2.50K	—
Gain Investment Rev Insurance	1.94M	0.81M	-0.24M	0.18M	0.69M
Currency Exchange Gain (Loss)	1.18M	-0.35M	-0.48M	-0.67M	-0.67M
Reinsurance	—	—	—	—	384.22K
Expenses & Provisions
SG&A Insurance	1.65M	1.48M	1.16M	0.99M	2.88M
Other Opex Insurance	0.12M	-84.18M	-48.19M	30.90M	0.18M
Total Opex Insurance	73.77M	66.77M	65.98M	56.39M	59.28M
Interest Expense	—	—	—	—	-34
Other Non Operating Income (Expenses)	-190.81K	-135.93K	-105.17K	-76.89K	-61.52K
Policy Benefits	64.50M	142.24M	107.57M	19.86M	43.09M
Policy Cost	7.42M	7.17M	5.38M	4.58M	13.42M
Asset Writedown	12.87K	8.58K	25.74K	5.60K	3.40K
D&A For EBITDA	77.14K	70.57K	54.22K	61.49K	91.74K
Da Suppl Insurance	77.14K	70.57K	54.22K	61.49K	91.74K
Deferred Policy Acquisition Cost	—	—	—	—	5.44M
Profitability & Returns
EBIT	19.12M	14.75M	11.53M	9.09M	7.12M
EBIT Margin	+20.6%	+18.1%	+14.9%	+13.9%	+10.7%
EBITDA	19.20M	14.82M	11.59M	9.16M	7.21M
EBITDA Margin	+20.7%	+18.2%	+15.0%	+14.0%	+10.9%
EBT Excluding Unusual Items	20.11M	14.26M	10.95M	8.35M	6.39M
Pretax Income	20.12M	14.28M	10.97M	8.36M	6.39M
Opinc Insurance	19.12M	14.75M	11.53M	9.09M	7.12M
Operating Margin	+20.6%	+18.1%	+14.9%	+13.9%	+10.7%
Profit Margin	+21.4%	+17.3%	+14.0%	+12.6%	+9.5%
Net Income	19.91M	14.13M	10.83M	8.27M	6.32M
Net Income to Common	19.91M	14.13M	10.83M	8.27M	6.32M
Net Income Growth	+40.9%	+30.4%	+30.9%	+31.0%	+20.7%
Income Tax Expense	211.60K	151.72K	139.28K	84.04K	71.53K
Effective Tax Rate	+1.1%	+1.1%	+1.3%	+1.0%	+1.1%
Per Share & Capital
EPS (Basic)	0.06	0.05	0.04	0.03	0.02
EPS (Diluted)	0.06	0.05	0.04	0.03	0.02
EPS Growth	+40.9%	+30.4%	+30.9%	+31.0%	+20.7%
Dividend Per Share	0.01	0.01	0.01	0.00	0.00
Shares Change (YoY)	-0	0	-0	-0	0
Shares Outstanding (Basic)	308.46M	308.46M	308.46M	308.47M	308.48M
Shares Outstanding (Diluted)	308.46M	308.46M	308.46M	308.47M	308.48M
Dividend Growth	+7.5%	+57.6%	+25.5%	+30.6%	+12.5%
Free Cash Flow	26.79M	30.09M	19.94M	9.92M	19.23M
Free Cash Flow Margin	+28.8%	+36.9%	+25.7%	+15.1%	+29.0%
Free Cash Flow Per Share	0.09	0.10	0.07	0.03	0.06
Payout Ratio	+14.3%	+12.9%	+13.2%	+13.2%	+16.0%
Supplemental
Total Interest Dividend Income	8.61M	8.10M	6.35M	6.89M	3.21M