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Chubb Arabia Cooperative Insurance Company JSC (Saudi Arabia)

Main Activities: Insurance Carriers
Full name: Chubb Arabia Cooperative Insurance Company JSC Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

ACE Arabia Cooperative Insurance Company was established in Saudi Arabia in the year 2008. In 1989, Arabia Cigna was formed as an offshore joint venture company between Sheikh Abdul Karim El Khereiji and Cigna International Holding Co. In 1999, the ACE Group acquired Cigna International Holdings, and the company was renamed. in 2009, ACE Arabia Cooperative Insurance Company was registered as a local company and listed on the Tadawul Stock exchange. The company provides in the following fields: Energy, Construction, Financial Lines, Property, Marine and Liability insurance provision, as well as Accident & Health Insurance.

Headquarters
8Th Floor, Southern Tower, Khobar Business Gate, King Faisal Bin Abdulaziz Street (Coastal Road), P.O Box 2685
Khobar; Eastern Province; Postal Code: 31952

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Website: http://chubb.com/sa-en

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
May 12, 2008
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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40%
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25%
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5%
Subsidiaries
Chubb Group Holdings, Inc. (United States)
100%
Chubb Group Management and Holdings Ltd (Bermuda)
100%
Chubb Insurance (Switzerland) Limited (Switzerland)
100%
Company Performance
Financial values in the chart are available after Chubb Arabia Cooperative Insurance Company JSC report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency SAR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-79.89%
Operating profit (EBIT)
169.42%
Net Profit (Loss) for the Period
584.54%
Total assets
-0.36%
Investments
111.17%
Total equity
14.41%
Net Premiums Earned Trend
-79.48%
Net Profit Trend
N/A
Return on Equity (ROE)
3.33%
Underwriting Expenses Ratio
-7.76%

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