BALOISE HOLDING AG Baloise Group reports a robust SST ratio of 220 per cent
Transparency directive : regulatory news
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Baloise Holding AG / Key word(s): Miscellaneous Basel, 29 April 2022. Baloise has published its financial condition report, which includes details of its solvency ratio calculated in accordance with the conditions of the Swiss Solvency Test (SST). The report shows that the Baloise Group is very well capitalised with a ratio of 220 per cent and has an extremely strong balance sheet despite these turbulent times. Swiss insurance companies are publishing a financial condition report (FCR) by the end of April 2022. The report focuses on the 2021 reporting period, i.e. the past financial year. The relevant date for the calculation of solvency for SST purposes was 1 January 2022. The Baloise Group's solvency ratio for the 2021 reporting period was a very good 220 per cent. The two Swiss insurance companies Baloise Insurance Ltd and Baloise Life Ltd achieved excellent ratios of 239 per cent and 234 per cent respectively. Baloise's high solvency ratio underlines its strong and sustained level of capitalisation. The full financial condition report for Baloise (in German) can be downloaded as a PDF using the link below. The 'At a glance' document is a one-page summary of the most important results. Contact The Baloise Group is more than just a traditional insurance company. The changing security, safety and service needs of society in the digital age lie at the heart of its business activities. The 7,900 or so employees of Baloise therefore focus on the wishes of their customers. The best possible customer service, combined with innovative products and services, makes Baloise the first choice for people who want to feel 'simply safe'. Located at the heart of Europe, with its head office in Basel, the Baloise Group is a provider of prevention, pension, assistance and insurance solutions. Its core markets are Switzerland, Germany, Belgium and Luxembourg. In Switzerland, the Group also operates as a specialised financial services provider, offering a combination of insurance and banking services. The Group offers innovative pension products to retail customers throughout Europe from its competence centre in Luxembourg. Bâloise Holding Ltd shares are listed in the main segment of the SIX Swiss Exchange. End of ad hoc announcement |
| Language: | English |
| Company: | Baloise Holding AG |
| Aeschengraben 21 | |
| 4002 Basel | |
| Switzerland | |
| Phone: | +41 61 285 85 85 |
| Fax: | +41 61 285 70 70 |
| E-mail: | media.relations@baloise.com |
| Internet: | https://www.baloise.com |
| ISIN: | CH0012410517 |
| Listed: | BX Berne eXchange; SIX Swiss Exchange |
| EQS News ID: | 1340341 |
| End of Announcement | EQS News Service |
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1340341 29-Apr-2022 CET/CEST