On 11 June 2024, the credit rating agency S&P confirmed its rating for the Baloise Group 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.
| Baloise Insurance Ltd (Switzerland) |
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| Baloise Life Ltd (Switzerland) |
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| Baloise Belgium N.V (Belgium) |
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| Baloise Sachversicherung AG Deutschland (Germany) |
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| Baloise Holding AG |
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Baloise has been able to continuously improve its ratings by ESG rating agencies in recent years. In 2022, Baloise was upgraded by MSCI from A to AA (on a scale of CCC-AAA). In addition, Sustainalytics and S&P improved their rating for Baloise from 23.6 to 20.4 (Sustainalytics scale ranging from 0-40) and from 34 to 43 (Dow Jones Sustainability Index scale ranging from 1-100), respectively. Factors contributing to the rating improvements were the expansion of our responsible investment approach through a dedicated climate and active ownership policy. In addition, the topics of governance, customer satisfaction, risk management, and the introduction of exclusions in underwriting had a positive impact on the rating.
Baloise Ratings and Memberships (pdf, 480 KB)