Dokument mit Tabelle und Zahlen zur Baloise Aktie

Baloise share

Purchase of shares of Bâloise Holding Ltd

The purchase of Bâloise Holding Ltd registered shares is not subject to any restrictions. Shareholders who personally acquire registered shares on own account are entitled to maximum voting rights totalling 2 percent of all issued registered shares. The same applies to shares held through nominee companies, provided the identity of the beneficial owners is disclosed to us (Bâloise Holding Ltd Articles of Incorporation § 5).

Please click on the link below for detailed, up-to-date stock market information on the Baloise share: Share price

Baloise Shares

Security symbol BALN
Nominal value CHF 0.10
Security number 1.241.051
ISIN CH0012410517
Exchange SIX Swiss Exchange
Security type 100 % registered shares


  31.12.2013 31.12.2014 31.12.2015 31.12.2016 31.12.2017
Price at year-end (CHF) 113.60 127.80 127.60 128.30 151.70
High (CHF) 113.60 129.90 136.30 131.00 159.40
Low (CHF) 80.75 101.60 109.60 103.20 121.35
Market capitalisation (CHF million) 5,680.0 6,390.0 6,380.0 6,415.0 7,403.0
Basic earnings per share (CHF) 9.65 15.15 10.96 11.53 11.50
Diluted earnings per share (CHF) 9.38 14.63 10.65 11.22 11.48
Price / earnings (p / e) ratio1 11.77 8.44 11.64 11.13 13.19
Price / book (p / b) ratio1 1.10 1.04 1.10 1.04 1.14
Number of shares issued (units) 50,000,000 50,000,000 50,000,000 50,000,000 48,800,000
Minus the number of treasury shares (units) 3,028,943 3,048,791 3,464,540 2,499,945 1,327,993
Number of shares in circulation (units) 46,971,057 46,951,209 46,535,460 47,500,055 47,472,007
Average number of shares outstanding2 46,896,926 46,921,282 46,721,219 46,381,359 47,641,577
Dividend per share3 (CHF) 4.75 5.00 5.00 5.20 5.60
Dividend pay-out ratio3 49.2 33.0 45.6 45.1 48.7
Dividend yield3 4.2 3.9 3.9 4.1 3.7

1 Calculation is based on the profit for the period attributable to shareholders and the equity attributable to shareholders.
2 Relevant for calculation of earnings per share.
3 2017 based on the proposal submitted to the Annual General Meeting.

Analysts' view

Important: Baloise is currently covered by the banks listed below. This list is subject to change as other banks start to include Baloise in their reporting or existing banks cease coverage of Baloise.

Please note that the opinions, estimates and forecasts published here regarding the historic or current performance of Baloise represents information from analysts and not of Baloise. Baloise does not confirm the opinions, estimates or forecasts of the analysts by making this information available as a service to our shareholders. Baloise assumes no responsibility for the up-to-dateness of this information and does not distribute the reports.

Date Bank Analyst Target Price Recommendation
09.01.2019 UBS Jonny Urwin CHF 170.0 Buy
09.01.2019 Kepler Chevreux Peter Eliot CHF 170.0 Buy
04.01.2019 Deutsche Bank Frank Kopfinger CHF 167.0 Buy
03.12.2018 Alpha Value Dieter Hein CHF 170.0 Reduce
31.08.2018 Zürcher Kantonalbank Georg Marti n.a. Market Perform
28.08.2018 Goldman Sachs Johnny Vo CHF 153.0 Neutral
28.08.2018 Autonomous Farquhar Murray CHF 145.0 Underperform
17.12.2018 JPMorgan Michael Huttner CHF 157.0 Neutral
17.04.2018 MainFirst René Locher CHF 170.0 Overweight
04.07.2017 HSBC Dhruv Gahlaut

CHF 136.0

24.03.2017 Keefe, Bruyette & Woods Ltd.
Michele Ballatore
CHF 127.0 Market Perform


Dividend Policy

Bâloise Holding pursues a policy of paying consistent, earningsrelated dividends. It uses other dividend instruments such as share buy-backs and options to supplement conventional cash dividends.

Shareholders have received a total of CHF 1,263.7 million from cash dividends and share buy-backs over the last five years. Baloise has therefore had a combined annual payout rate of between 30 per cent and 50 per cent in recent years.

Consolidated income statement (extract)

  2013 2014 2015 2016 2017
Profit for the period (in CHF mn) 452.6 710.7 512.1 534.8 548.0
EPS (diluted) 9.38 14.63 10.65 11.22 11.48
DPS 4.75 5.0 5.0 5.2 5.6

Share buy-back programme 2017 - 2020

Baloise announced in its press releases of 26 October 2016 and 12 December 2016 its intentions to buy back a maximum of 3,000,000 own shares over the next 3 years. This corresponds to a maximum of 6% of the shares issued. The shares will be repurchased through the secondary trading line at the SIX Swiss Exchange Ltd for cancellation purposes.

With the announced share buy-back programme, Baloise will maintain its track record as a shareholder-friendly company that actively manages its capital and returns surplus capital to its shareholders. Similar programmes were already executed in 1997, 1998, 2000, 2001, 2006, 2008 and 2015.

The share buy-back programme will be processed through the secondary trading line where Baloise exclusively will act as purchaser. Shareholders willing to sell Bâloise Holding Ltd registered shares may do so through the primary or secondary trading line. Sales of shares through the secondary trading line are subject to a withholding tax deduction of 35% on the difference between the repurchase price of the shares and the nominal value of CHF 0.10.

Security overview 1. Trading Line 2. Trading Line
Security number 1.241.051 27.480.484
ISIN CH0012410517 CH0274804845
Ticker symbol BALN BALNE

The following document shows volumes and average purchase prices of the share buyback on a daily basis and will updated weekly.

Maximum daily repurchase volume

In accordance with Article 123(1)(c) of the Swiss Financial Market Infrastructure Ordinance (FMIO) the maximum buyback volume per day is 34,529.


Share buy-back programme 2015 - 2016

Bâloise Holding AG announces that the share buy-back programme started on 16 April 2015 has been completed ahead of schedule as per 29 July 2016.

In the course of the share buy-back programme, Bâloise Holding AG has acquired 1’000’000 registered shares at an average price of CHF 113.83 on a second trading line on the SIX Swiss Exchange. This corresponds to 2% of the issued share capital of Bâloise Holding AG entered in the Commercial Register. Thereby, this share buy-back programme returned CHF 113.83 mn to the shareholders. The acquired shares have been bought back at a price net of the Swiss Federal withholding tax.

Security overview 1. Trading Line 2. Trading Line
Security number 1.241.051 27.480.484
ISIN CH0012410517 CH0274804845
Ticker symbol BALN BALNE

The following document shows volumes and average purchase prices of the share buyback.

Maximum daily repurchase volume

42,972 shares (calculated in accordance with Art. 55b(1)(c) of the Swiss Federal Ordinance on Stock Exchanges and Securities Trading).


Significant shareholders

The information available to the Company reveals that the following significant shareholders and shareholder groups linked by voting rights held long-term equity investments in the Company within the meaning of section 663c of the Swiss Code of Obligations (OR) as at 31 December 2017 (figures in per cent):

Shareholders Total shareholding as at
Share of voting rights as at
Total shareholding as at
Share of voting rights as at
Chase Nominees Ltd.1 7.2 2.0 8.1 2.0
Black Rock Inc. >5.0 <2.0 >5.0 <2.0
UBS Fund Management AG 0.0 0.0 3.3 2.0
LSV Asset Management >3.0 0.0 >3.0 0.0
Nortrust Nominees Ltd.1 2.8 0.0 3.5 0.0
Bank of New York Mellon N.V.1 5.9 0.0 5.8 0.0
Credit Suisse Funds AG <3.0 <2.0 <3.0 <2.0

1 Custodian nominees who hold shares in trust for third parties are counted as part of the free float under the SIX Exchange regulations. Such shareholder groups are not subject to disclosure requirements under Swiss stock market legislation.


Shareholder Services

Margrit Basler
Baloise Group
Phone +41 58 285 86 64

Investor Relations

Please contact our Investor Relations team for any questions on this issue.

Contact Investor Relations