Standard & Poor’s confirms Baloise’s rating and adds new ones

Basel, Rating agency Standard & Poor’s has confirmed Baloise’s strong rating of ‘A’ with a stable outlook. For the first time, Standard & Poor’s has also issued separate ratings for the Baloise Group’s subsidiaries in Belgium and Germany and for Bâloise Holding Ltd.

Standard & Poor’s has confirmed Baloise’s rating of ‘A’ with a stable outlook, acknowledging its very healthy capitalisation, high operational profitability and robust competitive position in its profitable core markets. The agency also rated the firm’s risk management as strong. The stable outlook is a sign of Standard & Poor’s confidence that Baloise will maintain a strong position in its core markets going forward and will continue to be very well capitalised.

Besides the rating for its Swiss entity Baloise Insurance Ltd, Baloise has had ratings produced for the first time for its Belgian and German subsidiaries Baloise Belgium NV and Basler Sachversicherungs-AG and for Bâloise Holding Ltd. The additional ratings for the operating units will support the robust growth in the target segments SME and marine business.

Ratings from Standard & Poor’s

  • Baloise Insurance Ltd (Switzerland): Rating "A" with a stable outlook
  • Baloise Belgium NV (Belgium): Rating "A" with a stable outlook
  • Basler Sachversicherungs-AG (Germany): Rating "A-" with a stable outlook
  • Bâloise Holding AG: Issuer credit rating "BBB+" with a stable outlook

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.