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
|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|