CHUBB Profits Fall to SAR 16 Million at End of 2024, Down 34%

Net profit after zakat for CHUBB Arabia Cooperative Insurance Co. fell to SAR 16 million by the end of 2024, down 34% from SAR 25 million in 2023, following today’s announcement of the annual financial results for the year ended December 31, 2024.

Net profit from insurance operations reached SAR 18.5 million during the year ended December 31, 2024, compared to SAR 19.4 million in 2023, a decrease of 4%.

Total Shareholders’ Equity, after deducting minority equity, amounted to SAR 454 million during the current period, compared to SAR 424 million in the corresponding period, showing a growth of 7%.

Profit per share stood at SAR 0.54 in 2024, compared to SAR 0.83 in 2023.