Moody's maintains Chubb Arabia Cooperative Insurance Company's A3 rating

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ChubbMoody's has confirmed Chubb Arabia Cooperative Insurance Company's A3 financial strength rating with a stable outlook.

The composite insurer, reported a turnover of 233.973 million SAR (62.286 million USD) in 2018 compared to 220.498 million SAR (58.758 million USD) in 2017, that is an increase of 6%.

Net income was also on the rise going from 37.675 million SAR (U10.029 million USD) up to 44.493 million SAR (11.856 million USD) in 2018, an 18% growth.

The company is part of the Chubb Group, which operates in 54 countries.

Read also | Top 30 insurance companies in Saudi Arabia

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Thu, 18/07/2019 - 09:26
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