At a glance
Baloise. Making you safer.
Who we are
Headquartered in Basel, Switerland, the Baloise Group is a European provider of insurance and pension solutions. In Switzerland Baloise operates as a focused financial services provider, combing insurance and banking. Further markets are Germany, Austria, Belgium, Luxembourg, Croatia and Serbia. The sales network comprises the company’s own sales organisation, brokers and further partners. Baloise operates its business in innovative pension products for private customers all over Europe and has competence centres in Luxembourg and Liechtenstein. Bâloise Holding Ltd shares are listed in the main segment on the SIX Swiss Exchange. The Baloise Group employs approximately 8,900 people.
What we stand for
We want people to feel safer. To play our part in this respect, we created the “Safety World.” Everything we do is geared towards safety, meaning that we consciously go further than other insurance companies: We combine insurance with smart prevention. Thus we help to make sure that damage does not occur in the first place. And should something nevertheless happen, we are there. Fast and capable as always.
What we achieved in 2009
- Profit of CHF 421.0 million (previous year: CHF 386.7 million), a plus of 8.9 %.
- Return on equity of 10.3 % (previous year 9.0 %), a plus of 14.4 %.
- Excellent Solvency of 230 % (previous year 196 %), a plus of 17.3 %.
- Equity of CHF 4,510.0 million, a plus of 15.8 %.
- Business volume growth of 27.0 % in local currencies to CHF 9,765.4 million.
- Unchanged dividend per share of CHF 4.50; this equates to a dividend yield of 5.2 % on the price at year-end of CHF 86.05.
- Combined ratio (net) of 94.4 % (previous year: 90.9 %), due to natural phenomena, major claims and recession effects.
- Embedded value of CHF 2,826.9 million (previous year: CHF 2,446.2 million); new business margin of 10.1 % (previous year 7.9 %).
- Baloise Bank SoBa: performance volume increase of CHF 1 billion (loan assets, customer funds, deposit accounts) and over 12,500 new customers.
What we want to achieve by 2012.
Building on our highly productive and profitable core business, we want to continue to achieve a return on equity of 15 % over the insurance cycle and steadily increase earnings per share. In the nonlife business, we aim to continue to keep the combined ratio appreciably below 100 %. We want to sustainably increase earning power by CHF 200 million by 2012 by means of the strategic programme “Baloise 2012.”