Preheat the oven to 375°F (190°C).
Heat olive oil in a large oven-safe skillet over medium heat. Add diced onion and sauté until translucent, about 3-4 minutes.
Add minced garlic and chopped red bell pepper. Cook for an additional 2 minutes until softened.
Push the vegetables to one side of the skillet and add the chicken thighs. Season with paprika, thyme, salt, and black pepper. Sear the chicken for 3-4 minutes on each side until browned.
Pour in the rice and chicken broth, stirring to combine everything well. If using, add the frozen peas on top.
Bring the mixture to a simmer, then cover the skillet with a lid or aluminum foil and transfer to the preheated oven.
Bake for 30 minutes. Remove from the oven, let it sit for about 5 minutes before serving. Fluff the rice with a fork and garnish with chopped parsley if desired.
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