WARBA INSURANCE COMPANY (K.S.C.P)

Warba Insurance and Reinsurance Company

WINSREStocksBoursa 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
Assets
Cash & Equivalents	8.32M	5.96M	5.37M	6.85M	7.45M
Total Assets	114.53M	104.10M	92.11M	87.72M	123.19M
Investment Securities	—	0.54M	0.49M	8.90M	9.26M
Reinsurance Recoverable	19.70M	18.54M	21.59M	24.10M	50.47M
Liabilities
Total Liabilities	60.20M	60.81M	55.82M	50.62M	82.56M
Insurance Liabilities	38.19M	36.68M	39.35M	35.76M	7.36M
Unearned Premiums	—	—	—	—	6.07M
Unpaid Claims	—	—	—	—	52.12M
Equity & Ownership
Deferred Policy Acquisition Cost	—	—	—	—	619.41K
Total Equity	54.33M	43.29M	36.29M	37.11M	40.64M
Shares Outstanding	243,429,756	243,429,756	238,210,552	239,270,517	241,826,077
Cash & Assets
Total Assets	114.53M	104.10M	92.11M	87.72M	123.19M
Cash & Equivalents	8.32M	5.96M	5.37M	6.85M	7.45M
Net Cash (Debt)	6.32M	1.96M	1.37M	2.85M	3.45M
Net Cash Per Share	0.03	0.01	0.01	0.01	0.01
Net Cash Growth	+222.9%	+42.5%	-51.8%	-17.2%	-7.7%
Other Receivables Insurance	0.82M	0.45M	0.34M	0.31M	9.28M
Construction In Progress	50.25K	0.75K	392.44K	391.69K	256.25K
Land	8.63M	8.63M	8.63M	8.63M	8.63M
Machinery	3.10M	3.01M	2.79M	2.69M	2.55M
Property, Plant & Equipment	6.64M	6.75M	7.17M	7.30M	7.24M
Deferred Policy Acquisition Cost	—	—	—	—	619.41K
Other Current Assets Insurance	2.12M	2.01M	2.04M	2.07M	5.37M
Other Long Term Assets Insurance	6.38M	4.16M	3.40M	2.37M	2.50M
Loans & Investments
Policy Loans	—	—	—	—	22.29K
Investment Debt Securities	—	0.54M	0.49M	8.90M	9.26M
Investment Equity Preferred	24.27M	29.44M	26.27M	19.24M	21.40M
Other Investments	21.71M	8.79M	5.18M	5.01M	0.30M
Reinsurance Recoverable	19.70M	18.54M	21.59M	24.10M	50.47M
Total Investments	70.56M	66.23M	52.18M	44.72M	40.28M
Liabilities & Obligations
Total Liabilities & Equity	114.53M	104.10M	92.11M	87.72M	123.19M
Accounts Payable Insurance	—	—	—	—	3.61M
Accrued Expenses	2.26M	1.69M	1.54M	1.06M	1.43M
Current Income Taxes Payable	307.90K	347.32K	283.62K	215.97K	—
Other Current Liabilities Insurance	1.38M	1.39M	1.31M	1.28M	1.22M
Other Long Term Liabilities Insurance	13.91M	14.75M	7.47M	6.43M	4.33M
Reinsurance Payable	—	—	—	—	697.20K
Unearned Premiums	—	—	—	—	6.07M
Unpaid Claims	—	—	—	—	52.12M
Insurance Annuity Liabilities	38.19M	36.68M	39.35M	35.76M	7.36M
Debt & Funding
Long-Term Debt	2.00M	4.00M	4.00M	4.00M	4.00M
Total Debt	2.00M	4.00M	4.00M	4.00M	4.00M
Equity & Book Value
Shareholders' Equity	54.33M	43.29M	36.29M	37.11M	40.64M
Total Common Equity	54.31M	43.29M	36.33M	37.17M	40.70M
Common Stock	25.00M	25.00M	25.00M	17.71M	17.71M
Additional Paid-In Capital	218.61K	218.61K	212.22K	223.07K	305.76K
Retained Earnings	15.99M	11.68M	8.91M	15.80M	15.97M
Treasury Stock	-0.69M	-0.69M	-1.21M	-1.12M	-0.89M
Comprehensive Income & Other	13.79M	7.07M	3.42M	4.56M	7.61M
Minority Interest	15.96K	4.02K	-42.40K	-67.24K	-64.97K
Book Value Per Share	0.22	0.18	0.15	0.16	0.17
Tangible Book Value	54.31M	43.29M	36.33M	37.17M	40.70M
Tangible Book Value Per Share	0.22	0.18	0.15	0.16	0.17
Filing Date Shares Outstanding	243.43M	243.43M	238.21M	239.27M	241.83M
Total Common Shares Outstanding	243.43M	243.43M	238.21M	239.27M	241.83M
Supplemental
Total Liabilities Insurance	60.20M	60.81M	55.82M	50.62M	82.56M

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
Assets
Cash & Equivalents	8.32M	5.96M	5.37M	6.85M	7.45M
Total Assets	114.53M	104.10M	92.11M	87.72M	123.19M
Investment Securities	—	0.54M	0.49M	8.90M	9.26M
Reinsurance Recoverable	19.70M	18.54M	21.59M	24.10M	50.47M
Liabilities
Total Liabilities	60.20M	60.81M	55.82M	50.62M	82.56M
Insurance Liabilities	38.19M	36.68M	39.35M	35.76M	7.36M
Unearned Premiums	—	—	—	—	6.07M
Unpaid Claims	—	—	—	—	52.12M
Equity & Ownership
Deferred Policy Acquisition Cost	—	—	—	—	619.41K
Total Equity	54.33M	43.29M	36.29M	37.11M	40.64M
Shares Outstanding	243,429,756	243,429,756	238,210,552	239,270,517	241,826,077
Cash & Assets
Total Assets	114.53M	104.10M	92.11M	87.72M	123.19M
Cash & Equivalents	8.32M	5.96M	5.37M	6.85M	7.45M
Net Cash (Debt)	6.32M	1.96M	1.37M	2.85M	3.45M
Net Cash Per Share	0.03	0.01	0.01	0.01	0.01
Net Cash Growth	+222.9%	+42.5%	-51.8%	-17.2%	-7.7%
Other Receivables Insurance	0.82M	0.45M	0.34M	0.31M	9.28M
Construction In Progress	50.25K	0.75K	392.44K	391.69K	256.25K
Land	8.63M	8.63M	8.63M	8.63M	8.63M
Machinery	3.10M	3.01M	2.79M	2.69M	2.55M
Property, Plant & Equipment	6.64M	6.75M	7.17M	7.30M	7.24M
Deferred Policy Acquisition Cost	—	—	—	—	619.41K
Other Current Assets Insurance	2.12M	2.01M	2.04M	2.07M	5.37M
Other Long Term Assets Insurance	6.38M	4.16M	3.40M	2.37M	2.50M
Loans & Investments
Policy Loans	—	—	—	—	22.29K
Investment Debt Securities	—	0.54M	0.49M	8.90M	9.26M
Investment Equity Preferred	24.27M	29.44M	26.27M	19.24M	21.40M
Other Investments	21.71M	8.79M	5.18M	5.01M	0.30M
Reinsurance Recoverable	19.70M	18.54M	21.59M	24.10M	50.47M
Total Investments	70.56M	66.23M	52.18M	44.72M	40.28M
Liabilities & Obligations
Total Liabilities & Equity	114.53M	104.10M	92.11M	87.72M	123.19M
Accounts Payable Insurance	—	—	—	—	3.61M
Accrued Expenses	2.26M	1.69M	1.54M	1.06M	1.43M
Current Income Taxes Payable	307.90K	347.32K	283.62K	215.97K	—
Other Current Liabilities Insurance	1.38M	1.39M	1.31M	1.28M	1.22M
Other Long Term Liabilities Insurance	13.91M	14.75M	7.47M	6.43M	4.33M
Reinsurance Payable	—	—	—	—	697.20K
Unearned Premiums	—	—	—	—	6.07M
Unpaid Claims	—	—	—	—	52.12M
Insurance Annuity Liabilities	38.19M	36.68M	39.35M	35.76M	7.36M
Debt & Funding
Long-Term Debt	2.00M	4.00M	4.00M	4.00M	4.00M
Total Debt	2.00M	4.00M	4.00M	4.00M	4.00M
Equity & Book Value
Shareholders' Equity	54.33M	43.29M	36.29M	37.11M	40.64M
Total Common Equity	54.31M	43.29M	36.33M	37.17M	40.70M
Common Stock	25.00M	25.00M	25.00M	17.71M	17.71M
Additional Paid-In Capital	218.61K	218.61K	212.22K	223.07K	305.76K
Retained Earnings	15.99M	11.68M	8.91M	15.80M	15.97M
Treasury Stock	-0.69M	-0.69M	-1.21M	-1.12M	-0.89M
Comprehensive Income & Other	13.79M	7.07M	3.42M	4.56M	7.61M
Minority Interest	15.96K	4.02K	-42.40K	-67.24K	-64.97K
Book Value Per Share	0.22	0.18	0.15	0.16	0.17
Tangible Book Value	54.31M	43.29M	36.33M	37.17M	40.70M
Tangible Book Value Per Share	0.22	0.18	0.15	0.16	0.17
Filing Date Shares Outstanding	243.43M	243.43M	238.21M	239.27M	241.83M
Total Common Shares Outstanding	243.43M	243.43M	238.21M	239.27M	241.83M
Supplemental
Total Liabilities Insurance	60.20M	60.81M	55.82M	50.62M	82.56M