Baloise’s last share buy-back programme finished in July 2016. The Company is now living up to its shareholder-friendly reputation by launching a new programme to repurchase up to three million treasury shares. “Our objective is to make cash of CHF 2 billion available between 2017 and 2021 for the purpose of supporting our attractive shareholder policy and investing in our Company’s further development. The newly launched buy-back programme represents another step in positioning Baloise as an attractive investment. Alongside our strong core business and investment in new products and services for the future, this active approach to capital management underlines the value of Baloise as one of the most shareholder-friendly companies in the sector,” says Marc Kaiser, Head of Corporate Communications & Investor Relations.
At the upcoming Annual General Meeting on 28 April 2017, a proposal will be made to cancel the 1.2 million shares acquired under buy-back programmes in previous years.
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 7,200 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.