Baloise Reports Strong Financial Performance and Dividend Increase

Baloise Holding AG has announced robust financial results for 2024, reflecting a strategic refocusing that has strengthened its core business. The company's profit, attributed to shareholders, surged 60.6% to CHF 384.8 million, despite a business volume slight decline to CHF 8,603.7 million. A notable achievement was an improved combined ratio of 92.9%, amidst the challenge of storm-related claims in Switzerland.

The company's non-life segment excelled with EBIT doubling to CHF 261.1 million, bolstered by investment gains and a reduced level of large claims. The life business also enjoyed a significant EBIT increase of 39% to CHF 282.3 million due to positive non-recurring effects. The firm's cash remittance grew to CHF 565 million, advancing towards a CHF 2 billion target by 2027.

Baloise's capital position remains strong, confirmed by S&P Global Ratings' A+ rating. The firm plans to raise the dividend by CHF 0.40, reaching CHF 8.10 per share, alongside a share buy-back up to CHF 100 million as part of its attractive shareholder policy.