Refocusing strategy goes from strength to strength in the first six months of 2025

Baloise Holding AG / Key word(s): Half Year Results Baloise in Switzerland: Refocusing strategy goes from strength to strength in the first six months of 2025 10.09.2025 / 08:30 CET/CEST Basel, 10 September 2025. The first half of 2025 was very satisfying for Baloise in Switzerland. The refocusing strategy, which had been launched in 2024, is continuing to have a positive impact and underlines the operational strength of the Swiss business. The combined ratio improved significantly to 88.0 per cent despite high claims incurred of CHF 46.5 million gross resulting from the landslide in Blatten in May 2025. This means that the combined ratio is comfortably on course to contribute significantly to the Group’s strategic target of achieving a profit margin of around 90 per cent in the non-life business by 2027. Key milestones were reached in both the insurance and the banking businesses, such as a considerable improvement in profitability in non-life business, progress with action to raise efficiency in insurance and banking, and further development of the insurbanking model.  In the first half of 2025, the insurance business of Baloise in Switzerland remained on the positive trajectory seen in 2024. The EBIT contribution to the Group figure increased once again, climbing by 58.3 per cent compared with the first half of 2024 to CHF 254.4 million. There was a very satisfying rise in the volume of premiums in the non-life business, from CHF 1,153.7 million in the first six months of 2024 to CHF 1,173.8 million in the period under review. The sustained growth of the motor vehicle insurance, property insurance, liability insurance and marine insurance businesses was especially encouraging. The combined ratio improved to 88.0 per cent (H1 2024: 93.7 per cent), reflecting the successful optimisation of the portfolio and implementation of cost-saving measures. Baloise in Switzerland was there to provide dependable support to its customers when they faced challenging situations. For example, we provided quick and straightforward help to our policyholders affected by the natural disaster in Blatten, thereby clearly demonstrating our commitment to being a reliable partner.