Chubb’s net profits jump 116% to 3.7 million riyals in the third quarter

Company net profits jumped "Chubb Arabia Cooperative Insurance" for the third quarter of the current year by 116% to 3.7 million riyals, compared to 1.7 million riyals in the same quarter of the previous year.

The company explained in a statement on: "Saudi Arabia trading"Today, Thursday, the increase in net profit by approximately two million riyals during this quarter is due to an increase in insurance revenues by 2%, and investment income by 19% compared to the same quarter of the previous year.

Other operating expenses also decreased by an amount of 615 thousand riyals, that is, a decrease of 14% compared to the same quarter of the previous year.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter