CHUBB Arabia Cooperative Insurance Co. announces its Interim Financial Results for the period ending on 2025-03-31 (Three Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Insurance Revenues | 90,592 | 90,257 | 0.371 | 99,734 | -9.166 |
| Result of Insurance Services | 43,878 | 60,912 | -27.964 | 44,493 | -1.382 |
| Net Profit (Loss) of The Insurance Results | 2,226 | 5,828 | -61.805 | 5,895 | -62.239 |
| Net Profit (Loss) of The Investment Results | 5,627 | 4,482 | 25.546 | 3,819 | 47.342 |
| Net Insurance Financing Expenses | -547 | -489 | 11.86 | -105 | 420.952 |
| Net Profit (Loss), After Zakat, Attributable To Shareholders | 2,960 | 5,666 | -47.758 | 5,266 | -43.79 |
| Total Comprehensive Income | 5,846 | 5,690 | 2.741 | 16,447 | -64.455 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 460,261 | 429,530 | 7.154 |
| Profit (Loss) per Share | 0.1 | 0.19 | |
| 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 to SR 90,592K, compared to SR 90,257K during the same quarter of last year, an increase of 0.37%. |
| 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 before zakat and income tax for the current quarter of SR 2,056K compared with same quarter of the last year was due to the following main reasons:
• Increase in Insurance service expenses of SR 17,369K, an increase of 59% compared with the same quarter last year. • Decrease in other income of SR 219k, a decrease of 28% compared with the same quarter 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 to SR 90,592K, compared to SR 99,734K during the prior quarter, a decrease of 9% due to decrease in earned premium. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is | The increase in net profit before zakat and income tax for the current quarter of SR 577K compared with previous quarter was due to the following main reasons:
• Decrease in insurance service expenses for current quarter of SR 8,527K, a decrease of 15% compared with the previous quarter, and a decrease in other operating expenses of SR 2,022K, a decrease of 41% compared with the previous quarter. • Increase in net investment income of SR1,808K, an increase of 47% compared with the previous quarter. |
| 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. Profit per share was calculated after Zakat and Income Tax.
2.Total shareholders’ equity at 31/03/2025 SAR 460,261K compared to SAR 429,530K for same quarter of last year with an increase of 7%. |
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