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Bonds & Rating
Baloise's ratings reflect its excellent capitalisation and its commitment to environmental, social and governance (ESG) issues.
Reports & Ratings

On 23 June 2025, the credit rating agency S&P cconfirmed 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 S&P Report June 2025 pdf - 149 KB
Baloise Insurance Ltd
(Switzerland)
  • Financial Strength Rating: "A+" with a stable outlook
  • Counterparty Credit Rating: "A+" with a stable outlook
Baloise Life Ltd (Switzerland)
  • Counterparty Credit Rating: "A+" with a stable outlook
Baloise Belgium N.V
(Belgium)
  • Financial Strength Rating: "A+" with a stable outlook
  • Counterparty Credit Rating: "A+" with a stable outlook
Baloise Sachversicherung AG Deutschland
(Germany)
  • Financial Strength Rating: "A+" with a stable outlook
  • Counterparty Credit Rating: "A+" with a stable outlook
Baloise Holding Ltd
  • Counterparty Credit Rating "A-" with a stable outlook

 

Ratings & Memberships

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)