Top credit rating for Baloise – upgrade to A+ by Standard & Poor’s

Basel, Baloise has underlined its excellent capitalisation yet again. The Company had already published a very healthy SST solvency ratio of 262 per cent in its financial condition report. Now, rating agency Standard & Poor’s has confirmed Baloise’s outstanding level of capitalisation, raising the credit rating from ‘A’ with a positive outlook to ‘A+’ with a stable outlook. The new credit rating means Baloise has now attained a top position among the field of medium-sized European insurers.

“We are delighted with this improved credit rating from Standard & Poor’s. S&P recognises the work that we have done under our Simply Safe strategic programme to optimise our risk-bearing capacity while, at the same time, extending the range of services for our customers and maintaining our attractive shareholder policy. The credit rating underlines Baloise’s efforts to continually improve itself for the benefit of its target groups,” said Carsten Stolz, CFO of the Baloise Group, commenting on the encouraging credit rating upgrade.

Standard & Poor’s awarded this credit rating in recognition of Baloise’s excellent capitalisation – which is comfortably above the AAA level according to the S&P capital model – as well as its high operational profitability, robust risk management and solid competitive position in its profitable core markets.

Thanks to the improved credit rating, the Baloise Group occupies a top position among its competitors of a similar size and has strengthened its status as a safe and attractive long-term investment.  

Baloise has the following ratings

  so far new
Baloise Insurance Ltd A with a positive outlook A+ with a stable outlook
Baloise LTD A with a positive outlook A+ with a stable outlook
Baloise Belgium NV A with a positive outlook A+ with a stable outlook
Basler Sachversicherungs-AG A- with a positive outlook A with a stable outlook
Bâloise Holding AG BBB+ with a positive outlook A- 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.