Baloise Holding AG
OTC:BLHEF

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Baloise Holding AG
OTC:BLHEF
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Price: 246.84 USD
Market Cap: 11.2B USD

Baloise Holding AG
Investor Relations

Nestled in the heart of Basel, Switzerland, Baloise Holding AG stands as a venerable institution in the realm of insurance and financial services. With roots dating back to 1863, the company has evolved from its historical foundations into a robust entity offering a diverse portfolio of insurance products across numerous European markets, including Switzerland, Germany, Belgium, and Luxembourg. Baloise serves as a safety net for individuals and businesses, providing solutions ranging from life insurance and non-life insurance, which covers property, motor, and liability, to an expanding focus on pension and accident insurance. The firm thrives by adopting a multi-channel distribution strategy, leveraging direct sales, agent networks, and digital technologies, creating an intricate web that secures premiums and sustains growth.

Beyond its traditional insurance operations, Baloise has astutely positioned itself in the broader financial landscape through its asset management services. The company not only safeguards wealth but also seeks to grow it, managing client assets with a disciplined approach that hinges on risk assessment and diversification. Moreover, Baloise has embarked on a journey of digital transformation, understanding that the confluence of technology and financial services offers an avenue for competitive advantage. By integrating innovative solutions and exploring insurtech collaborations, Baloise adeptly adapts to the turning tides of the financial industry, ensuring its resilience and profitability. Ultimately, Baloise's story is one of steadfast commitment to providing stability and growth potential to its stakeholders, fostering an environment where risk and opportunity dance in equilibrium.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Sep 10, 2025
AI Summary
Q2 2025

Strong Financials: Baloise reported a 26% increase in net profit to CHF 276 million, driven by improvements in Non-life and Asset Management & Banking.

Profitability Gains: Combined ratio improved by 2.6 percentage points to 90.6%, and return on equity rose to 15.5%, slightly above target range.

Refocusing Strategy: The company's refocusing strategy is on track, with over 50% of the targeted 250 FTE reduction by 2027 already achieved.

Merger Progress: Preparations for the planned merger with Helvetia are proceeding as planned, with completion targeted by end of 2025.

Segment Growth: Non-life premiums grew by 3.1% in target segments (adjusted), and investment-type Life premiums rose sharply by 41.2%.

Capital Position: The SST ratio improved to around 215%, and S&P confirmed the A+ rating.

Cash Remittance: Baloise remains on track to remit over CHF 2 billion in cash between 2024 and 2027.

Key Financials
Net Profit
CHF 276 million
Combined Ratio
90.6%
Return on Equity
15.5%
Non-life Premium Growth (adjusted)
3.1%
Investment-type Life Premiums Growth
41.2%
Life Premiums
down 10.1%
SST Ratio
around 215%
Non-life Switzerland Premium Growth
1.7%
Non-life Germany Premium Growth
8.5%
Non-life Belgium Premium Growth (adjusted)
1.2%
Non-life Belgium Combined Ratio
92.5%
Non-life EBIT
CHF 229 million
Non-life Switzerland Combined Ratio
88%
Life EBIT
CHF 143 million
CSM
CHF 4.9 billion
CSM Release Ratio (nonannualized)
2.8%
Asset Management & Banking EBIT
CHF 50 million
Asset Management EBIT
CHF 24 million
Banking EBIT
CHF 26 million
Banking Cost/Income Ratio
60.3%
Earnings Call Recording
Other Earnings Calls
2025
2022
2018

Management

Mr. Michael Muller
Group CEO
No Bio Available
Dr. Carsten Stolz Ph.D.
Head of Corporate Finance Division & CFO
No Bio Available
Mr. Clemens Markstein
Chief Executive Officer of Corporate Division Switzerland
No Bio Available
Mr. Markus Holtz
Head of Investor Relations
No Bio Available
Mr. Mathias Zingg
Head of Sales & Marketing
No Bio Available
Mr. Claude Meyer
Head of Non Life - Luxembourg
No Bio Available
Ms. Gaby Lurie
Head of Sustainability & Regulatory Affairs
No Bio Available
Mr. Jean-Pierre Valenghi
Head of Real Estate
No Bio Available
Christian Schacher
Head of Group Internal Audit
No Bio Available
Mr. Christophe Hamal
Chief Executive Officer of Baloise in Belgium
No Bio Available

Contacts

Address
BASEL-STADT
Basel
Aeschengraben 21
Contacts
+41582858585.0
www.baloise.com