CHUBB Arabia Net Profit Dips 6% Despite Revenue Surge

Riyadh, Saudi Arabia - CHUBB Arabia Cooperative Insurance reported a 6.3% decline in nine-month net profit to 7.2 million SAR, despite a 17% increase in revenue to 339.9 million SAR for the same period. The drop was primarily due to a 63% rise in reinsurance costs and a 19% decline in net investment income. Quarterly data revealed a 42% year-on-year increase in insurance revenues to 140.5 million SAR in Q3, driven by business expansion, along with a 20% improvement in insurance service results.

However, net profit for Q3 fell to 3.3 million SAR. The company's total equity stood at 480.8 million SAR at the end of September 2026, up 3% from the previous year. Investors should note that while revenue growth is strong, the significant increase in reinsurance expenses and decline in investment income are pressing concerns for the company's profit margins.