Nassau, The Bahamas, May 15, 2026 – Colina Holdings Bahamas Limited (CHBL) released its unaudited financial results for the first quarter ended March 31, 2026, reflecting resilient operating performance, continued growth in insurance revenues, and a significant milestone with total assets surpassing $1.0 billion.

The Company reported net income attributable to ordinary shareholders of $10.6 million, or $0.43 per ordinary share, for the three months ended March 31, 2026, compared to $12.9 million, or $0.52 per ordinary share, for the same period in 2025. “CHBL delivered a strong first-quarter performance supported by the resilience of our core operations and the continued benefits of our diversified business model,” said Emanuel M. Alexiou, Chairman of CHBL.

Insurance revenues increased by $7.2 million to $42.5 million in Q1 2026, compared to $35.3 million in the prior-year quarter. The increase reflects, in part, contributions from the Group’s Cayman property and casualty business following the merger of the former Saxon Insurance and Indigo Cayman businesses. “The integration of our Cayman operations has strengthened our insurance platform and expanded our earnings capacity within the property and casualty segment in the region,” Chairman Alexiou added.

Net investment income totalled $7.7 million for the quarter, compared to $9.1 million in Q1 2025, primarily due to mark-to-market fair value adjustments. These fair value changes, while non-cash in nature, are required under applicable accounting standards and reflect fluctuations in market conditions rather than realized investment performance. “While market-driven valuation movements affected investment income this quarter, our investment portfolio remains well positioned and continues to support positive overall returns over time,” Chairman Alexiou said.

At March 31, 2026, total assets stood at more than $1.0 billion, up from $997.6 million at December 31, 2025, with invested assets comprising 70.6% of total assets. Shareholders’ equity totalled $327.1 million, net of $0.6 million in dividend distributions to Class “A” preference shareholders during the period. By resolution dated April 22, 2026, the Board further approved the payment of the Q2 2026 Class “A” preference shareholder dividend when due, as well as a final dividend in respect of fiscal 2025 performance of $0.20 per ordinary share to Class “A” ordinary shareholders of record on May 29, 2026. “Surpassing the $1.0 billion asset milestone reflects the Group’s disciplined growth strategy, strong capital position, and long-term commitment to creating value for shareholders,” Chairman Alexiou said.

Looking ahead, CHBL remains focused on serving its customers, maintaining robust capital levels, and delivering sustainable long-term value for all stakeholders. The successful integration of Saxon Holding Company Ltd. and Saxon Administration Ltd. has further enhanced the Group’s operating platform, diversified revenue streams, and expanded its regional footprint. “We are well positioned to execute our strategic priorities and build on the momentum achieved through the end of the quarter,” Chairman Alexiou concluded. “We thank our shareholders, customers, and team members for their continued trust as we advance our mission of enhancing the health, wealth, and financial security of those we serve.”

About Colina Holdings Bahamas Limited

Colina Holdings Bahamas Limited (CHBL) is a diversified publicly traded holding company with over a billion in assets and $327 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.