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Basel, June 21, 2021. On 18 June 2021, rating agency Standard & Poor’s confirmed the rating of ‘A+’ with a stable outlook for the core entities of the Baloise Group. 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. The rating of the German business Basler Sachversicherungs-AG was upgraded from ‘A’ (with a positive outlook) to ‘A+’(with a stable outlook) thanks to sustained improvements in its profitability. The combined ratio of the German business improved significantly as a result of the successful turnaround and is now within the Group’s target range of 90–95 per cent.

The following ratings therefore apply:

  • Baloise Insurance Ltd (Switzerland): ‘A+’ with a stable outlook
  • Baloise Life Ltd (Switzerland): ‘A+’ with a stable outlook
  • Baloise Belgium NV: ‘A+’ with a stable outlook
  • Basler Sachversicherungs-AG (Germany): ‘A+’ with a stable outlook
  • Bâloise Holding Ltd: ‘A-’ with a stable outlook

Further information on the rating upgrade is available here.
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.
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