On 23 June 2025, the credit rating agency S&P confirmed its rating for the Baloise Group of A+ with a stable outlook. S&P continues to place the Baloise Group in the highest rating class in terms of its capitalization. In its latest report, S&P also emphasises the Group’s leading market position and compelling technical earnings performance. With a view to the planned merger of Helvetia and Baloise, S&P’s report indicates that a positive rating action may also be possible going forward provided that the merger strengthens the Group’s competitive position and the combined company retains its excellent financial risk profile.

Baloise has been able to continuously improve its ratings by ESG rating agencies in recent years. In 2022, Baloise was upgraded by MSCI from A to AA (on a scale of CCC-AAA). In addition, Sustainalytics and S&P improved their rating for Baloise from 23.6 to 20.4 (Sustainalytics scale ranging from 0-40) and from 34 to 43 (Dow Jones Sustainability Index scale ranging from 1-100), respectively. Factors contributing to the rating improvements were the expansion of our responsible investment approach through a dedicated climate and active ownership policy. In addition, the topics of governance, customer satisfaction, risk management, and the introduction of exclusions in underwriting had a positive impact on the rating.

Baloise Ratings and Memberships (pdf, 480 KB)