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Basel, August 3, 2023. On 2 August 2023, the credit rating agency Standard & Poor’s confirmed its rating for the Baloise Group of A+ with a stable outlook. Standard & Poor’s renewed its credit rating in recognition of Baloise’s excellent capitalisation, which remains comfortably above the AAA level according to the S&P capital model. The strong S&P rating was founded on Baloise’s high operational profitability and solid competitive position in its profitable core markets.

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.

The individual Baloise Group companies have the following ratings:

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.
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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