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S&P upgrades the rating of Baloise in Germany and confirms the Group’s rating
Media releases S&P upgrades the rating of Baloise in Germany and confirms the Group’s rating
Basel, June 21, 2021. On 18 June 2021, rating agency Standard & Poor’s confirmed the rating of ‘A+’ with a stable outlook for the core entities of the Baloise Group. Standard & Poor’s awarded this credit rating in recognition of Baloise’s excellent capitalisation – which is comfortably above the AAA level according to the S&P capital model – as well as its high operational profitability, robust risk management and solid competitive position in its profitable core markets. The rating of the German business Basler Sachversicherungs-AG was upgraded from ‘A’ (with a positive outlook) to ‘A+’(with a stable outlook) thanks to sustained improvements in its profitability. The combined ratio of the German business improved significantly as a result of the successful turnaround and is now within the Group’s target range of 90–95 per cent.

The following ratings therefore apply:

  • 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
  • Basler Sachversicherungs-AG (Germany): ‘A+’ with a stable outlook
  • Bâloise Holding Ltd: ‘A-’ with a stable outlook

Further information on the rating upgrade is available here.
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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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