Strong Operations deliver reliable and high Cashflows

Basel, At today's Investor Day, Baloise is providing information on the strategic development of the Group, the main value drivers in its core markets and its capital and cashflow management.

Key themes of the Investor Day:

  • At the core of our success: target customer management and the "Baloise Safety World"
  • Switzerland: Increasing high levels of profitability through operational excellence
  • European markets: focusing on attractive segments and reducing the cost base to standard market levels. Increasing growth and profitability in the attractive Belgian market
  • Maintaining a strong level of capitalisation and an attractive and reliable dividend

Martin Strobel, CEO of the Baloise Group, commented: "For years we have been one of the best in the European insurance industry thanks to our unique strategy. Our unmatched target customer management and our innovative Baloise Safety World form the joint basis of our success. We will continue to pursue this approach with our planned initiatives in order to sustain the future creation of reliable and attractive added value for our shareholders."

Main elements of today's Investor Day presentations:

Switzerland: Baloise is superbly positioned in Switzerland, where it generates around half of the Group's business volume. It plans to further increase its high levels of profitability. To this end, it is enhancing its product range with new Safety Modules and is exploiting growth potential in the life insurance business through linking to Baloise Bank SoBa.

Germany: The German business is being brought back on track for success through a clear focus on attractive segments, adjustments to its sales structure and a significant optimisation of its cost base. These measures will ensure a substantial increase in its earnings power.

Belgium: Baloise is well positioned in the attractive Belgian market, following its acquisitions. It aims to increase the profitability of the acquired business and improve the combined ratio by means of target customer and target partner management.

This increased profitability in its core markets has put Baloise on course to achieve its targets – a combined ratio of 93 to 96 per cent, a new business margin of more than 10 per cent and a return on equity of 8 to 12 per cent. For many years, Baloise has been one of the dividend gems of the Swiss market. Thanks to its long-term successful business model, it will continue to offer an attractive and reliable dividend in future.

The Baloise Group is more than just a traditional insurance company. The changing security, safety and service needs of society in the digital age lie at the heart of its business activities. The 7,300 or so employees of Baloise therefore focus on the wishes of their customers. The best possible customer service, combined with innovative products and services, makes Baloise the first choice for people who want to feel ‘simply safe’. Located at the heart of Europe, with its head office in Basel, the Baloise Group is a provider of prevention, pension, assistance and insurance solutions. Its core markets are Switzerland, Germany, Belgium and Luxembourg. In Switzerland, with Baloise Bank SoBa, the Group also operates as a specialised financial services provider, offering a combination of insurance and banking services. The Group offers innovative pension products to retail customers throughout Europe from its competence centre in Luxembourg. Bâloise Holding Ltd shares are listed in the main segment of the SIX Swiss Exchange.