Baloise-Holding's Swiss Business Thrives Amidst Tough Year

• Baloise's Switzerland business remained robust in 2023 despite a challenging year marked by storms and large claims.
• The volume of premiums rose by 2.7% to CHF 1,468.7 million, mainly driven by the motor vehicle, liability, and property insurance sectors.
• The net combined ratio rose by 3.3 percentage points to 98.4% due to the impact of storm claims and large claims.
• EBIT in the life business fell year on year to CHF 181.5 million, with premiums in the individual life business climbing by 1.5% and premiums in the group life business down by 4.6%.
• Baloise Bank Ltd increased its profit to CHF 31.2 million in 2023, up by 21.4% from 2022.
• Baloise decided not to invest any further in expanding the Home and Mobility ecosystems, choosing to concentrate more on insurance-related activities and generating profits from its current portfolio of innovations.

The next important date, Quarterly report, at Baloise-Holding is on 26.03.2024.

The price of Baloise-Holding at the time of the news was 141,55EUR and was down -1,08 % compared with the previous day.
15 minutes after the article was published, the price was 142,45EUR this corresponds to a plus of +0,64 % since publication.

Baloise-Holding

+0,39 %

+0,81 %

+6,25 %

+4,53 %

+6,65 %

+14,96 %

+4,96 %

+77,10 %

+135,76 %

ISIN:CH0012410517WKN:853020

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