Basel, 12 June 2024. S&P Global Ratings (S&P) confirmed the Baloise Group's rating of A+ with a stable outlook. This renewed confirmation reflects the financial strength of the Baloise Group.
S&P Global Ratings (S&P) confirmed the Baloise Group's rating of A+ with a stable outlook. The rating is the first one using the revised capital model for insurers that S&P has applied since November 2023.
Also under the revised criteria, S&P continues to consider the capital strength of the Baloise Group to be excellent. In its credit rating report, S&P underlines the Baloise Group's very good market positions, strong technical performance and continued high level of capitalisation.
The following credit ratings apply for the Baloise Group entities that have been rated by S&P:
- 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 Deutschland: A+ with a stable outlook
- Baloise Holding Ltd: A- with a stable outlook
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.
