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

CHUBB Arabia reported a net profit after Zakat of SAR 3.91 million for the six-month period ending June 30, 2026, representing a slight 1.69% decrease compared to the SAR 3.97 million earned in the same period last year.
Insurance revenues for the first half of 2026 reached SAR 199.37 million, a 4.35% increase over the previous year driven by organic business growth, though quarterly net profit saw a more significant 9.98% year-on-year decline to SAR 0.91 million.
The profit compression was primarily driven by a massive 2,927% surge in net expenses from reinsurance contracts in the current quarter, totaling SAR 34.46 million, alongside a 47% rise in other operating expenses.
Total shareholders' equity grew by 3.9% year-on-year to SAR 479.83 million, while the company maintained an unmodified external auditor's conclusion for the period.

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

Element List	Explanation
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%.