CHUBB Arabia Reports SAR 3.91M Net Profit in the Six Months 2026
CHUBB 8240.SA | 0.00 |
On 2026-08-05 09:39:54 (Saudi Time), CHUBB Arabia Cooperative Insurance Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 102,823 | 100,467 | 2.345 | 96,544 | 6.503 |
| Result of Insurance Services | 37,833 | 2,352 | 1,508.545 | 62,948 | -39.898 |
| Net Profit (Loss) of The Insurance Results | 2,201 | 1,175 | 87.319 | 4,662 | -52.788 |
| Net Profit (Loss) of The Investment Results | 4,702 | 4,819 | -2.427 | 5,187 | -9.35 |
| Net Insurance Financing Expenses | -267 | -307 | -13.029 | -352 | -24.147 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 911 | 1,012 | -9.98 | 2,995 | -69.582 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 1,729 | 1,488 | 16.196 | 1,161 | 48.923 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Insurance Revenues | 199,366 | 191,059 | 4.347 |
| Result of Insurance Services | 100,780 | 46,230 | 117.996 |
| Net Profit (Loss) of The Insurance Results | 6,862 | 3,401 | 101.764 |
| Net Profit (Loss) of The Investment Results | 9,889 | 10,446 | -5.332 |
| Net Insurance Financing Expenses | -619 | -853 | -27.432 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 3,905 | 3,972 | -1.686 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 2,889 | 7,334 | -60.608 |
| Total Shareholders Equity (after Deducting Minority Equity) | 479,826 | 461,749 | 3.914 |
| Profit (Loss) per Share | 0.1 | 0.1 | |
| 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
For the six-month period ending 30 June 2026, insurance revenues grew 4.347% YoY to SAR 199.37 million (from SAR 191.06 million), driven principally by business growth. Net profit after zakat attributable to shareholders declined marginally by 1.686% YoY to SAR 3.91 million (from SAR 3.97 million), primarily due to a 119% surge in net expenses from reinsurance contracts (an increase of SAR 51.09 million) and a 55% rise in other operating expenses (an increase of SAR 3.82 million), which offset the strong improvement in the result of insurance services, which more than doubled by 117.996% YoY to SAR 100.78 million. Investment results also declined slightly by 5.332% YoY to SAR 9.89 million, adding further pressure on the bottom line.
Quarter-on-Quarter Performance Drivers
QoQ, insurance revenues rose 6.503% to SAR 0.10 million (from SAR 96,544 thousands = SAR 0.10 million), driven by the earning pattern of premium. However, net profit attributable to shareholders fell 69.582% QoQ to SAR 0.91 million (from SAR 2.995 million in the previous quarter), primarily due to a SAR 31,394 thousands (93%) surge in insurance service expenses and a SAR 1,071 thousands (22%) rise in other operating expenses compared to the previous quarter.
Other Items
CHUBB Arabia Cooperative Insurance Co.'s interim financial results for the six months ended June 30, 2026 received an unmodified conclusion from the external auditor, with no additional comments or reservations noted. Total shareholders' equity as of June 30, 2026 stood at SAR 479,826 thousands, compared to SAR 461,749 thousands for the same period of the prior year, representing an increase of 4%. Earnings per share for the current period was SAR 0.1 thousands, unchanged from the same period of the prior year. No accumulated losses were reported for the period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97292&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.