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Annual General Meeting of Bâloise Holding Ltd: shareholders approve proposals put forward by Board of Directors
Media releases Annual General Meeting of Bâloise Holding Ltd: shareholders approve proposals put forward by Board of Directors
Basel, April 24, 2020. The shareholders of Bâloise Holding Ltd voted in favour of all the proposals put forward on the agenda by the Board of Directors and agreed to the increase of the dividend per share by CHF 0.40 to CHF 6.40. Due to the COVID-19 Ordinance 2 issued by the Swiss Federal Council, shareholders were not able to attend the Annual General Meeting.
Independent proxy represents 49.9% per cent of issued share

Due to the COVID-19 Ordinance 2 issued by the Swiss Federal Council, shareholders were not permitted to attend the Annual General Meeting. From 3 April 2020 onwards, shareholders were given the option to exercise their voting rights via electronic or written instructions provided to an independent proxy. The independent proxy represented around 24.3 million, or approximately 49.9% per cent, of the 48.8 million total shares.
Dividend increase approved

The AGM voted in favour of all the Board of Directors' proposals in the agenda. The shareholders approved the management report, the annual financial statements and the 2019 consolidated financial statements. It also granted discharge to the members of the Board of Directors and the executive officers. The proposal put forward by the Board of Directors to increase the dividend per share by CHF 0.40 to CHF 6.40 was also approved by a large majority of shareholders (99.8 per cent). This confirms Baloise shares as an attractive and reliable investment.
All members of the Board of Directors re-elected

All members of the Board of Directors were re-elected for a one-year term of office, and Dr Andreas Burckhardt was re-elected as Chairman of the Board of Directors for a one-year term of office.
Baloise takes responsibility with its business model

In his speech, Chairman of the Board of Directors Dr Andreas Burckhardt emphasised the fact that the insurances’ models have always been geared towards the long term and aim to ensure long-term success, and that it is this long-term focus that enables insurances to take responsibility for society during the current situation: “There is currently more need for our services than ever before, as they are required to help stabilise the economy in combination with measures introduced by the Government,” Dr Andreas Burckhardt commented. The requirements of customers, employees and investors are out top priority. With its excellent work during recent years, and in the 2019 financial year in particular, Baloise increased its stability and thereby provided stakeholders with the assurance they need.

The full speech delivered by Dr Andreas Burckhardt (in German only) can be downloaded from www.baloise.com or streamed at www.youtube.com/BaloiseGroup.

Important dates

  • Tuesday, 28 April 2020: ex-dividend date
  • Thursday, 30 April 2020: dividend due date
  • Thursday, 27 August 2020: 2020 half-year financial results
  • Thursday, 29 October 2020: Investor Day
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Further information Media kit for the Annual General Meeting
Further information Media kit for the Annual General Meeting
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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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