Nassau, The Bahamas, August 15, 2025 – Colina Holdings Bahamas Limited (CHBL) today released its financial results for the six months ended June 30, 2025, underscoring its focus on long-term stakeholder value and operational excellence.

The company marked a significant milestone with the successful acquisition of the Saxon Group of companies, integrating Saxon Holding Company Ltd. and Saxon Administration Ltd., both based in The Cayman Islands.

CHBL reported net and comprehensive net income attributable to ordinary shareholders of $22.7 million, or $0.92 per ordinary share, for the six-month period ended June 30, 2025, representing a notable increase from $9.8 million, or $0.40 per ordinary share, during the same period in 2024

Colina Holdings Bahamas Limited (CHBL) is pleased to report a $2.1 million improvement in the insurance service result, which totals $11.2 million for the six months ended June 30, 2025, compared to $9.1 million for the same period in 2024. This growth reflects strong contributions from CHBL’s life, health, and general insurance subsidiaries, inclusive of the contributions of Saxon Holdings post-acquisition.

Net investment income for the first half of 2025 totaled $26.3 million, compared to $20.5 million in the prior year’s period. The increase was driven by higher interest received and mark-to-market adjustments, which, while non-cash in nature, reflect fluctuations in market conditions. “Mark-to-market adjustments are required under current accounting standards and provide a transparent view of our financial position, though they may introduce volatility in reported net investment income,” said Emanuel M. Alexiou, Chairman.

As of June 30, 2025, CHBL’s total assets stood at $945.6 million, up from $886.7 million at December 31, 2024. Invested assets comprised 71.5% of total assets, compared to 73.6% at year-end. Shareholders’ equity was $286.6 million after dividend distributions of $1.2 million to Class “A” preference shareholders and $4.5million, or $0.18 per share, to Class “A” ordinary shareholders.

The second quarter built upon the strong foundation laid earlier this year, reinforcing CHBL’s commitment to fortifying its balance sheet and capital position, with a continued focus on delivering long-term value to stakeholders.

“We are pleased to report significant growth in our income streams, particularly those realized through our insurance and financial services subsidiaries,” Alexiou said. “Our solid capital base and disciplined focus on efficiency enable us to remain resilient and agile in a dynamic market.”

“The acquisition and integration of the Saxon companies represent exciting opportunities for future growth and innovation,” Alexiou said. “Their team’s alignment with our values and dedication to service excellence also strengthens our shared vision.”

Looking ahead, CHBL is well-positioned to execute its strategic priorities with discipline and purpose. “Our commitment to innovation and long-term value remains unwavering. We thank our stakeholders for their trust and support as we continue to strengthen the well-being and long-term security of our customers,” added Alexiou.

About Colina Holdings Bahamas Limited

Colina Holdings Bahamas Limited (CHBL) is a diversified publicly traded holding company with more than $900 million in assets and over $250 million in equity. Listed on The Bahamas International Securities Exchange (BISX), CHBL was incorporated in 1993 and is built on a legacy of financial strength, prudent management, and long-term value creation. Its subsidiaries include Colina Financial Advisors Ltd (CFAL), Colina General Insurance Agency & Brokers Limited (CGIA), Colina Real Estate Fund Ltd. (CREFL), Indigo Insurance (Bahamas) Limited, Indigo Insurance (Cayman) Ltd., Saxon Holding Company Ltd. and Saxon Administration Ltd.

CIL is The Bahamas’ largest life and health insurer. CGIA is a general insurance agent and broker. CFAL is an investment advisory firm, established to provide financial services including investment management, pension management and administration, corporate advisory services, escrow, registrar and transfer agent services. Indigo is a digital property and casualty insurer, operating in The Bahamas and the Cayman Islands. Saxon Administration provides services to Cayman-registered pension plans.

Copies of the full financial statements can be obtained online at www.colina.com.