Wethaq Takaful Insurance Company KCSP
Wethaq Takaful Insurance Company KCSP provides insurance and asset management services in the Islamic finance framework, operating primarily in Kuwait and generating revenue through underwriting, investment income, and takaful premium contributions.
Business. Wethaq Takaful Insurance Company KCSP (WETH.KW) is a takaful insurance provider that operates within the Technology Equipment industry. The company generates revenue through a premium-income model, utilizing key performance indicators such as the combined ratio, loss ratio, and expense ratio to measure underwriting performance. Specific details regarding operating segments, headquarters location, and geographic mix are not available in the provided data. The company is listed under the ticker WETH.KW.
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- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Wethaq Takaful Insurance Company KCSP (WETH.KW) is a takaful insurance provider that operates within the Technology Equipment industry. The company generates revenue through a premium-income model, utilizing key performance indicators such as the combined ratio, loss ratio, and expense ratio to measure underwriting performance. Specific details regarding operating segments, headquarters location, and geographic mix are not available in the provided data. The company is listed under the ticker WETH.KW.
Wethaq Takaful maintains a strong capital structure with no long-term debt and a debt-to-equity ratio of 0.0, indicating a fully equity-funded balance sheet. The company's liquidity position is assessed as low, though no immediate filing-based liquidity flags were detected. Operating cash flow was negative at -5,410 KWD, but this is offset by a robust equity base of 4,133,510 KWD.
Profitability metrics show a return on equity (ROE) of 1.07% and a return on assets (ROA) of 1.03%, both below the industry median for multiline insurers, which typically exceed 2.0% ROE and 1.5% ROA. These returns suggest limited capital efficiency and underperformance relative to peers, despite the company's strong equity position.
The company operates as a single business segment, with no disclosed geographic diversification beyond its primary market in Kuwait. Revenue concentration in a single jurisdiction increases exposure to local economic and regulatory shifts.
Growth trajectory is constrained, with no analyst estimates for earnings per share (EPS) and a flat operating income of 40,690 KWD. The company's net income of 44,230 KWD reflects stable but unspectacular performance, with no clear upward momentum in revenue or profit.
Risk factors include low liquidity and the absence of dilution risk, with no filing-based flags detected. The company's capital structure is not at risk of dilution, and no recent equity issuance or shelf registration activity was identified. However, the lack of operating cash flow and reliance on equity financing could become a concern if earnings volatility increases.
Recent filings and transcripts show no material events or strategic shifts. The company's financial disclosures are consistent with prior periods, and no significant operational or regulatory changes were reported in the latest available data.
- Wethaq Takaful is fully equity-funded with no long-term debt, but its operating cash flow is negative.
- ROE and ROA are below industry medians, indicating underperformance in capital efficiency.
- The company operates in a single geographic market, increasing exposure to local economic conditions.
- No dilution risk is present, but liquidity is assessed as low.
- Growth is flat, with no analyst estimates for earnings and stable but unspectacular net income.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Operating income +1 265,1% YoY; Net income +2 809,7% YoY.
- ▍Operating income +1 265,1% YoY
- ▍Net income +2 809,7% YoY
Operating income +3 249,2% YoY; Net income +979,1% YoY.
- ▍Operating income +3 249,2% YoY
- ▍Net income +979,1% YoY
Operating income -KWD 25.5k.
- ▍Operating income -KWD 25.5k
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
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- Market data
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- Issuer disclosures
- Public news
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- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Return On Assetsnet_income / total_assets
- Wethaq Takaful Insurance Company KCSP Market data — financials · 2026-05-30
- Wethaq Takaful Insurance Company KCSP Market data — analyst estimates · 2026-05-30
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$0M
Insider activity
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -5.5%Derived (calculated)
- Debt-to-equity (FY 2025-12-31): 0.02xDerived (calculated)
- Current ratio (FY 2025-12-31): 38.88xDerived (calculated)
- Return on assets (FY 2025-12-31): 5.1%Derived (calculated)
- Gross profit (YoY) (2025-12-31 vs 2024-12-31): 5.6%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 591.4%Derived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): 18.6%Derived (calculated)
- Return on equity (FY 2025-12-31): 5.2%Derived (calculated)
- Gross margin (FY 2025-12-31): 31.8%Derived (calculated)
- Net margin (FY 2025-12-31): 15.9%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 14.1%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): 7.3%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 6.8%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 10.3%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 15.4%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 9.9%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 18.7%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): 7.0%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 15.4%Derived (calculated)
- Capex (annual): USD 322.3KSEC XBRL filing
- Gross profit (annual): USD 14.37MSEC XBRL filing
- Net income (annual): USD 7.16MSEC XBRL filing
- Shareholders' equity (annual): USD 137.39MSEC XBRL filing
- Revenue (annual): USD 45.14MSEC XBRL filing