CHBL Reports Strong First-Half 2026 Results
Insurance Operations Gain MomentumNassau, The Bahamas, August 13, 2026 – Colina Holdings Bahamas Limited (CHBL) has released its unaudited consolidated interim financial results for the six months ended June 30, 2026, reporting continued financial and operational strength across its core businesses.
CHBL reported net income attributable to ordinary shareholders of $24.3 million, or $0.98 per ordinary share, for the six-month period ended June 30, 2026. This compares with net income attributable to ordinary shareholders of $22.7 million, or $0.92 per ordinary share, for the same period in 2025.
“CHBL continued to deliver strong financial and operational performance through the first half of 2026,” said Emanuel M. Alexiou, chairman of CHBL. “These results reflect the strength of our core businesses, disciplined execution of our strategic priorities and our continued focus on creating sustainable shareholder value.”
The company’s insurance service result increased by $2.7 million to $13.9 million for the six months ended June 30, 2026, compared with $11.3 million for the same period in 2025. According to the chairman, the improvement reflects solid underlying operating performance and the ability of the group’s insurance operations to generate earnings from core activities.
Andrew Alexiou, CEO of CHBL, said the results underscore the importance of technology in supporting the company’s insurance operations. “Our improved insurance service result reflects the work being done across the organization to serve customers more efficiently and effectively. Investments in technology are helping us strengthen that performance by improving processes, supporting faster decision-making and giving our teams better tools to meet customer needs.”
Revenues from CHBL’s administrative, investment management and advisory businesses also increased over the prior-year period, supported by growth in assets under management and administration.
Net investment income for the period totaled $17.6 million, compared with $26.3 million for the same period in 2025. The change was primarily due to mark-to-market fair value adjustments. CHBL said investment market volatility and fair value accounting adjustments may continue to influence reported investment income from period to period.
“Although mark-to-market fluctuations may cause variability in reported investment income, these movements do not alter our long-term investment strategy. Our focus remains the quality of portfolio assets, liquidity and long-term value preservation,” Chairman Alexiou said.
CHBL’s balance sheet remained strong, with total assets of $1.03 billion as of June 30, 2026, compared with $997.6 million at Dec. 31, 2025. Invested assets comprised 72.8% of total assets.
Total shareholders’ equity stood at $335.9 million, net of $1.2 million in dividend distributions to Class A preference shareholders and $4.9 million, or $0.20 per share, in dividends paid to Class A ordinary shareholders.
“Our robust capital position remains a key source of financial flexibility as we meet customer and business obligations, regulatory requirements, dividend distributions and future strategic opportunities,” Chairman Alexiou said. “Looking ahead, we remain confident in our ability to navigate changing market conditions while continuing to serve the needs of our customers and communities.”
On behalf of the board and management, the chairman thanked shareholders, customers, employees and business partners for their continued trust and support.
About Colina Holdings Bahamas Limited
Colina Holdings Bahamas Limited (CHBL) is a diversified publicly traded holding company with over a billion in assets and $335 million in shareholders’ 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. The group’s flagship is Colina Insurance Limited (CIL), with other subsidiaries including 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.