CHUBB Arabia says Moody’s reaffirms ‘A3’ rating, ‘Stable’ outlook

Logo of CHUBB Arabia Cooperative Insurance Co.

CHUBB Arabia Cooperative Insurance Co. said that Moody’s Investor Service, in a report issued today, Nov. 4, reaffirmed its “A3” Insurance Financial Strength Rating (IFSR), with a “Stable” outlook.

In a statement in Tadawul, the insurer said that the rating confirmed its strong asset quality, driven by a conservative invested asset strategy.

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The rating also indicated CHUBB Arabia’s strong capitalization and profitability, with a five-year return on capital (ROC) of almost 6% by the end of 2023, thanks to a robust underwriting.

The “Stable” outlook reflected Moody’s expectations that CHUBB Arabia will maintain its strong profitability going forward.