S&P confirms strong ratings for Baloise

Media releases

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.

Write email

About Baloise

The focus is firmly on the future at Baloise. We aim to make tomorrow more straightforward, safer and more carefree for our customers, and we are taking responsibility for this today. Baloise is more than just a traditional insurance company. Through our smart finance and insurance solutions, we offer a complete service package. Dependable support, reliable cooperation and trust-based relationships are key aspects of our stakeholder interaction. We take care of financial matters so that our customers can concentrate on the important things in their lives and can find inspiration in the everyday. Baloise, a European company founded more than 160 years ago, currently employs 8,000 people at its headquarters in Basel (Switzerland) and across its subsidiaries in Belgium, Germany and Luxembourg. Our services generated a business volume of around CHF 8.6 billion in 2023. Baloise Holding Ltd shares (BALN) are listed on the SIX Swiss Exchange.