BÂLOISE HOLDING AG Update on Baloise
Gert De Winter, CEO
Berenberg Swiss Insurance Trip, 21 November 2022
Agenda
- Our Latest Results
- What Changed
- What Stays Unchanged
- What Comes Next
2
01 Our Latest Results
3
Our Financial Highlights Half-Year 2022
Start into the new strategic phase "Simply Safe: Season 2" (2022-2025) with a solid set of results
Group
Net Income
287 mn
Capital
Equity | 5.0 bn |
S&P Rating | A+ |
SST-Ratio1 | ~230% |
Non-Life Business
Combined
Ratio91.9%
Growth2: 2.3%, EBIT: 162 mn
Life Business
Interest Rate
Margin111bp
Growth3: -5.9% /-21.1%,EBIT: 178 mn
Asset Mgmt & Bank
Net Investment
Yield40.9%
Growth5: +713mn, EBIT: 39 mn
Main Messages
- Well diversified half-year result demonstrates reliability and stability of Baloise
- Very strong result in Life despite headwinds from capital markets
- Solid growth and reliable Combined Ratio in Non-Life despite larger winter storm event in February
- Lower equity but stronger economic capitalization due to higher interest rates
- Further progress in ecosystems Home and Mobility achieved
1) Estimated per 30.06.2022 | 2) Growth in Local Currency (LC) | 3) Growth (in LC) in Life business / investment-type premium business |
All amounts in CHF | |
4) On insurance assets, not annualized | 5) Net new third party assets |
4
02 What Changed
5
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Disclaimer
Baloise Holding AG published this content on 22 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2022 08:55:05 UTC.
