Baloise Group reports an SST ratio of 242 per cent

Basel, April 30, 2019. With the publication of its financial condition report, the Baloise Group is disclosing its solvency ratio calculated in accordance with the conditions of the Swiss Solvency Test (SST). Reporting an excellent solvency ratio of 242 per cent, Baloise is one of the best-capitalised insurance companies in Europe.

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.

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Further information

Financial Condition Report

Further information

Financial Condition Report

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About Helvetia Baloise

Helvetia Baloise is Switzerland’s largest multi-line insurer and one of Europe’s leading insurance groups. Every day, more than 22,000 employees work hard to support around 13 million customers with insurance, pension, and financial solutions. These customers range from individuals and small to medium-sized enterprises (SMEs) through to international customer groups, which also benefit from areas such as specialty insurance and reinsurance. Headquartered in Basel, Switzerland, Helvetia Baloise operates in eight European markets and in global specialty markets, combining its strong Swiss roots with a clear international focus. Helvetia Baloise creates safety and security and opens up opportunities, both today and in the future. Through profitable growth and business operations that are geared to long-term stability, we create tailored solutions for our customers, provide an attractive and reliable investment for our shareholders, promote strong partnerships and offer rewarding career prospects for our employees. Helvetia Baloise Holding Ltd shares (HBAN) are listed on the SIX Swiss Exchange.