Financial Results : CHUBB Arabia H1 2025 profit drops 57% to SAR 4M; Q2 down to SAR 1M

CHUBB Arabia H1 2025 profit drops 57% to SAR 4M; Q2 down to SAR 1M

03/08/2025 Argaam Exclusive

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CHUBB Arabia Cooperative Insurance Co. posted a net profit of SAR 4 million for H1 2025, compared to SAR 9.3 million in H1 2024.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Gross Written Premium (GWP) 204.69 204.13 (0.3 %)
Insurance Revenues 187.03 191.06 2.2 %
Net Profit Before Zakat & Tax 12.85 7.49 (41.7 %)
Net Income 9.31 3.97 (57.3 %)
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyals) 0.31 0.13 (57.3 %)
EPS (Riyal) 0.31 0.13 (57.3 %)

The insurer attributed the profit decline to higher insurance service expenses at SAR 71.92 million.

 

However, insurance revenues amounted to SAR 191 million, up 2% from SAR 187 million in H1 2024, due to an increase in earned premiums.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Gross Written Premium (GWP) 86.93 77.23 (11.2 %)
Insurance Revenues 96.77 100.47 3.8 %
Net Profit Before Zakat & Tax 5.52 2.21 (59.9 %)
Net Income 3.65 1.01 (72.2 %)
Average Shares 30.00 30.00 -
Earnings Per Share before unusual items (Riyal) 0.12 0.03 (72.2 %)
EPS (Riyal) 0.12 0.03 (72.2 %)

Q2 2025 net earnings plunged 72% year-on-year (YoY) to SAR 1 million from SAR 3.65 million a year earlier, mainly due to higher insurance service expenses.

 

In addition, Q2 profit dropped 65.8% quarter-on-quarter (QoQ) from SAR 2.96 million in Q1 2025.

Insurance Operations

Item 6m 2024 6m 2025 Change‬
Gross Written Premium (GWP) 204.69 204.13 (0.3 %)
Insurance Revenues 187.03 191.06 2.2 %
Insurance Services Income 10.95 4.39 (59.9 %)
Investment Income 8.79 10.45 18.9 %
Net Profit of Insurance Services and Investment 18.93 13.98 (26.1 %)

Shareholders’ equity, no minority interest, increased to SAR 461.74 million as of June 30, 2025, from SAR 433.22 million a year earlier.

 

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