All Swiss insurance companies are publishing a financial condition report (FCR) by the end of April 2019. The report focuses on the 2018 financial year (reporting period). The relevant date for the calculation of solvency for the purpose of the SST was 1 January 2019. The solvency ratio as at 1 January 2019 was 242 per cent (1 January 2018: 262 per cent). This change was largely due to application of the new standard model.
Baloise thus continues to have an extremely sound level of capitalisation – as it has for many years – and remains one of the best-capitalised insurance companies in Europe.
The full financial condition report for Baloise (in German) can be downloaded as a PDF using the link below. The ‘at a glance’ document (PDF, 331 KB) is a one-page summary of the most important results.