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.

Headquartered in Basel, Switzerland, the Baloise Group is a European provider of insurance and pension solutions and has positioned itself as a market player that offers an intelligent 'Safety World' prevention strategy. In Switzerland the Company operates as a focused financial services provider, offering a combination of insurance and banking services. It also has a market presence in Belgium, Germany and Luxembourg. Its distribution network includes its own sales organisation as well as brokers and other partners. The Company uses its competence centre in Luxembourg to run its business in innovative pension products for private customers throughout Europe. Bâloise Holding Ltd shares are listed in the main segment of the SIX Swiss Exchange. The Baloise Group employs some 7,400 people.