BALOISE HOLDING AG EQS-News: S&P upgrades the rating of Baloise in Germany and confirms the Group's rating
Transparency directive : regulatory news
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EQS Group-News: Baloise Holding AG
/ Key word(s): Rating
Basel, 21 June 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:
Further information on the rating upgrade is available here. 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 approximately 7,700 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, with Baloise Bank SoBa, 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 private customers throughout Europe from its competence centre in Luxembourg. The shares of Bâloise Holding Ltd are listed in the main segment of SIX Swiss Exchange.
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| 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: | 1209889 |
| End of News | EQS Group News Service |
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1209889 21.06.2021