In a separate pot of water, boil chicken breasts til cooked, about 7 mins
In your soup pot, heat the olive oil, then add the vegetables, garlic and thyme and saute on medium-high til carrots soften, 7-8 mins
While vegetables are cooking, cook bacon in a separate pan. Cut into 1-2u2033 strips.
Add stock and water, then bring to a boil
Add chicken, bacon and rice, reduce heat and simmer, covered 30 minutes, stirring occasionally.