CHUBB Arabia Reports SAR 2.995M Net Profit in Three Months 2026
CHUBB 8240.SA | 0.00 |
On 2026-05-06 09:31:56 (Saudi Time), CHUBB Arabia Cooperative Insurance Co. announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 96,544 | 90,592 | 6.57 | 103,028 | -6.293 |
| Result of Insurance Services | 62,948 | 43,878 | 43.461 | 46,324 | 35.886 |
| Net Profit (Loss) of The Insurance Results | 4,662 | 2,226 | 109.433 | 10,183 | -54.217 |
| Net Profit (Loss) of The Investment Results | 5,187 | 5,627 | -7.819 | 4,651 | 11.524 |
| Net Insurance Financing Expenses | -352 | -546 | -35.531 | -118 | 198.305 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 2,995 | 2,960 | 1.182 | 2,936 | 2.009 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 1,161 | 5,846 | -80.14 | 10,491 | -88.933 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 478,098 | 460,261 | 3.875 |
| Profit (Loss) per Share | 0.07 | 0.07 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Insurance revenues increased 6.57% YoY to 96.54 million driven by business growth, while net profit after zakat remained relatively stable at 2.995 million with only a 1.182% increase. The modest profit growth despite higher revenues was primarily due to a 7% increase in insurance revenue of 5.95 million and a significant 28% decrease in insurance service expenses of 13.12 million compared to the same quarter last year.
Quarter-on-Quarter Performance Drivers
QoQ insurance revenues decreased 6.29% to 96.54 million SAR due to lower gross written premiums. However, net profit increased 2.01% to 2.995 million SAR, driven by a 41% reduction in insurance service expenses (23.11 million SAR decrease), 12% increase in net investment income (0.54 million SAR), and 57% decline in other operating expenses (6.47 million SAR reduction).
Other Items
The external auditor issued an unmodified conclusion with no additional comments, disclaimers, or adverse opinions noted. No accumulated losses were reported, and total shareholders' equity increased 3.875% to SAR 478,098K compared to the same period last year. Earnings per share remained stable at SAR 0.07, calculated based on profit after zakat and income tax.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95016&anCat=1&cs=8240&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.