Season the chicken with salt, pepper, thyme, and paprika. Place the chicken in the pot and brown on both sides for about 3-4 minutes.
Pour in the chicken broth and scrap any browned bits from the bottom. Stir in the rice and cream of chicken soup, ensuring the rice is submerged in the liquid.
Close the lid, set the steam release valve to sealing, and cook on high pressure for 10 minutes.
Once cooking time is complete, perform a quick release of the pressure by carefully turning the steam release valve to venting.
Stir in the frozen peas and carrots, cover the pot, and let it sit on the keep warm setting for 5 minutes to heat through.
Fluff the rice with a fork, adjusting seasoning as needed. Serve warm and enjoy!
Notes
For creamier texture, adjust the broth or add more cream of chicken soup.