Baloise expects exceptionally strong results for the first half of 2019

Media information

Baloise expects exceptionally strong results for the first half of 2019

Basel, 10 July 2019. Baloise expects to report a significant year-on-year increase in profit for the first half of 2019. This strong result is attributable to a one-off accounting effect related to tax.

The Baloise Group expects to have generated a profit of well over CHF 300 million for the first half of 2019. In addition to the encouraging operating performance over the last six months, this exceptional result is also attributable to the effects of Switzerland's cantonal tax reform. Under International Financial Reporting Standards (IFRS), these effects resulted in the reversal of tax provisions, which will have a positive one-off impact on earnings in the 2019 financial year.

Baloise will publish its half-year financial statements for 2019 on 28 August.

Further information

• Media information at www.baloise.com

Contact

Baloise Group, Aeschengraben 21, 4002 Basel, Switzerland

Website: www.baloise.com

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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 7,200 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, 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 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.

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