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CHUBB Arabia Cooperative Insurance Co. announces its Interim Financial Results for the period ending on 2026-06-30 ( Six Months )

8240
CHUBB
2.64 %
1448/02/22     05/08/2026 09:39:54

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Insurance Revenues 102,823100,4672.34596,5446.503
Result of Insurance Services 37,8332,3521,508.54562,948-39.898
Net Profit (Loss) of The Insurance Results 2,2011,17587.3194,662-52.788
Net Profit (Loss) of The Investment Results 4,7024,819-2.4275,187-9.35
Net Insurance Financing Expenses -267-307-13.029-352-24.147
Net Profit (Loss), After Zakat, Attributable To Shareholders 9111,012-9.982,995-69.582
Total Comprehensive Income Attributable to Shareholders of the Issuer 1,7291,48816.1961,16148.923
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Insurance Revenues 199,366191,0594.347
Result of Insurance Services 100,78046,230117.996
Net Profit (Loss) of The Insurance Results 6,8623,401101.764
Net Profit (Loss) of The Investment Results 9,88910,446-5.332
Net Insurance Financing Expenses -619-853-27.432
Net Profit (Loss), After Zakat, Attributable To Shareholders 3,9053,972-1.686
Total Comprehensive Income Attributable to Shareholders of the Issuer 2,8897,334-60.608
Total Shareholders Equity (after Deducting Minority Equity) 479,826461,7493.914
Profit (Loss) per Share 0.10.1
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListAmountPercentage 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


Element ListExplanation
The reason of the increase (decrease) in the revenues during the current quarter compared to the same quarter of last year is Insurance revenues for the current quarter amounted SR 102,823K, compared to SR 100,467K during the same quarter of last year, an increase of 2%, which is principally driven by business growth.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The decrease in net profit after zakat and income tax for the current quarter of SR 101K compared with previous quarter of the last year was due to the following main reasons:

• Increase in Net expenses from reinsurance contracts for current quarter of SR 34,455K, an increase of 2927% compared with the same quarter of last year.

• Increase in Other operating expenses for current quarter of SR 1,882K, an increase of 47% compared with the same quarter of last year.

The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is Insurance revenues for the current quarter amounted SR 102,823K, compared to SR 96,544K during the previous quarter, an increase of 7% which is due to earning pattern of premium.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is The decrease in net profit after zakat and income tax for the current quarter of SR 2,084K compared with previous quarter was due to the following main reasons:

• Increase in Insurance service expenses for current quarter of SR 31,394K, an increase of 93% compared with the previous quarter.

• Increase in Other operating expenses of SR 1,071K, an increase of 22% compared with the previous quarter.

The reason of the increase (decrease) in the revenues during the current period compared to the same period of the last year is Insurance revenues for the current quarter amounted SR 199,366K, compared to SR 191,059K during the same period of last year, an increase of 4%, which is principally driven by business growth.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The decrease in net profit after zakat and income tax for the current quarter of SR 66K compared with previous period of the last year was due to the following main reasons:

• Increase in net expenses from reinsurance contracts for current period of SR 51,089K, an increase of 119% compared with the previous period of last year.

• Increase in other operating expenses for current period of SR 3,818K, an increase of 55% compared with the previous period of last year.

Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) -
Reclassification of Comparison Items -
Additional Information 1. Earnings per share was calculated based on profit after Zakat and Income Tax.

2.Total shareholders’ equity at 30/06/2026 SAR 479,826K compared to SAR 461,749K for same period of last year with an increase of 4%.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Last Price 18.25
Net Change 0.47 (+2.64%)
Value Traded (Sar) 14,430,147.07
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