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Media releases Baloise expects exceptionally strong results for the first half of 2019
Basel, July 10, 2019. Baloise expects to report a significant year-on-year increase in profit for the first half of 2019. This strong result is attributable to a one-off accounting effect related to tax.

The Baloise Group expects to have generated a profit of well over CHF 300 million for the first half of 2019. In addition to the encouraging operating performance over the last six months, this exceptional result is also attributable to the effects of Switzerland’s cantonal tax reform. Under International Financial Reporting Standards (IFRS), these effects resulted in the reversal of tax provisions, which will have a positive one-off impact on earnings in the 2019 financial year.

Baloise will publish its half-year financial statements for 2019 on 28 August.
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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.
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