The credit rating agency Standard & Poor’s (S&P) confirmed its A+ rating for the Baloise Group and, in its assessment, once again underscored the Group’s excellent capitalisation and its strong and well diversified core business. In its credit rating report, S&P highlights Baloise’s sustained capital adequacy and its extremely strong solvency, as demonstrated by our published Swiss Solvency Test (SST) ratio of 240 per cent as at 1 January 2023. Despite the decline in equity affected by higher interest rates, S&P expects that the Group will retain its excellent AAA level capitalisation.
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
Baloise Sachversicherung AG (Germany): A+ with a stable outlook
Baloise Holding Ltd: A- with a stable outlook
Further information on the rating update is available here.