Moody's grants an “A3” to Chubb Arabia

Moody's awards "A3" rating with stable outlook to Chubb Arabia Cooperative Insurance. The rating agency justifies its decision by the financial soundness of the company and the adequacy of its capital to the risks underwritten.

Chubb Arabia reported a net income of 41.8 million SAR (11.15 million USD) in 2017, slightly up compared to 2016's reported profit of 41.5 million SAR (11.07 million USD). The turnover reported an increase of 2.6%, amounting to 220.5 million SAR (58.83 million USD) against 214.8 million SAR (57.3 million USD) in 2016.

Read also:

• 2017 ranking of Saudi insurance companies per turnover