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

Basel, June 28, 2018. 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

Contact

Portrait Roberto Brunazzi

Roberto Brunazzi

Head of Media Relations

Phone

+41 58 285 82 14

Email

media.relations@baloise.com
Portrait Marc Kaiser

Marc Kaiser

Head of Corporate Communications & Investor Relations

Phone

+41 58 285 81 81

Email

marc.kaiser@baloise.com

Die Baloise Group ist mehr als eine traditionelle Versicherung. Im Fokus ihrer Geschäftstätigkeit stehen die sich wandelnden Sicherheits- und Dienstleistungsbedürfnisse der Gesellschaft im digitalen Zeitalter. Die rund 7'300 Baloise Mitarbeitenden fokussieren sich deshalb auf die Wünsche ihrer Kunden. Ein optimaler Kundenservice sowie innovative Produkte und Dienstleistungen machen die Baloise zur ersten Wahl für alle Menschen, die sich einfach sicher fühlen wollen. Im Herzen von Europa mit Sitz in Basel, agiert die Baloise Group als Anbieterin von Präventions-, Vorsorge-, Assistance- und Versicherungslösungen. Ihre Kernmärkte sind die Schweiz, Deutschland, Belgien und Luxemburg. In der Schweiz fungiert sie mit der Baloise Bank SoBa zudem als fokussierte Finanzdienstleisterin, einer Kombination von Versicherung und Bank. Das Geschäft mit innovativen Vorsorgeprodukten für Privatkunden in ganz Europa betreibt die Baloise mit ihrem Kompetenzzentrum von Luxemburg aus. Die Aktie der Bâloise Holding AG ist im Hauptsegment an der SIX Swiss Exchange kotiert.

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