Baloise's Strategic Refocus Bears Fruit in First Half of 2025

Baloise Holding AG in Switzerland announced satisfying results for the first half of 2025. The company's refocusing strategy, launched in 2024, has significantly bolstered operational strength. A notable achievement is the improved combined ratio of 88.0%, despite high claims due to a landslide in Blatten. This progress aligns with Baloise's strategic target of maintaining a profit margin of around 90% in the non-life business by 2027.

The insurance sector showed consistent growth, with an EBIT increase of 58.3% to CHF 254.4 million. Non-life premium volumes rose to CHF 1,173.8 million, driven by motor, property, liability, and marine insurance sectors. However, life business premiums declined, reflecting a market shift toward semi-autonomous pension solutions.

Baloise Bank Ltd demonstrated improved performance, with a significant reduction in the cost/income ratio to 60.3%. Efficiency boosts are part of a broader strategy, including planned job cuts, executed with minimized social impact.

Baloise aims to continue this positive trend, eyeing further strategic implementations and a potential merger with Helvetia to strengthen its market position.