Chubb Arabia Q1 2026 Net Profit SAR 2.995M, Revenue Up 6.6%
Chubb Arabia Cooperative Insurance Co. (8240) announced its Q1 2026 financial results with net profit after zakat of SAR 2.995 million and insurance revenues of SAR 96.54 million.
Key Numbers
Chubb Arabia Cooperative Insurance Co. (8240) reported its interim financial results for the three months ended March 31, 2026, posting a net profit after zakat of SAR 2.995 million and insurance revenues of SAR 96.54 million. No immediate stock price reaction was reported.
Key Financial Results
| Metric | Current Quarter (SAR '000) | Year-Ago Quarter | Change % | Prior Quarter (Q4 2025) | Change % |
|---|---|---|---|---|---|
| Insurance Revenues | 96,544 | 90,592 | +6.57% | 103,028 | -6.29% |
| Net Profit | 2,995 | 2,960 | +1.18% | 2,936 | +2.01% |
| Earnings Per Share (SAR) | 0.07 | 0.07 | 0% | - | - |
Highlights from the Statement
- Insurance revenues increased 6.57% YoY driven by business growth.
- Insurance service expenses decreased 28% (SAR 13.12 million) compared to the same quarter last year.
- Quarter-on-quarter, insurance revenues fell 6.29% due to lower gross written premiums, but net profit rose 2.01% thanks to a 41% drop in insurance service expenses and a 12% increase in net investment income.
- The external auditor issued an unmodified opinion with no adverse remarks.
- Total shareholders' equity increased 3.875% to SAR 478.098 million.
Guidance
No forward guidance was provided in the announcement.
Stock Impact
No immediate market reaction was observed. The impact is expected to be muted given stable earnings.
What This Means for Investors
The results show stable profitability despite quarterly revenue fluctuations. Improved cost structure (lower insurance service expenses) enhances operational efficiency, but the sequential revenue decline warrants monitoring.
Frequently Asked Questions
Found this useful? Share it