Helvetia Baloise Reports Robust Half-Year Results

Helvetia Baloise has announced strong earnings in its first half-year results post-merger. The Group achieved underlying earnings of CHF 631.6 million, with an impressive return on adjusted equity of 18.7%. The IFRS net income stood at CHF 84.6 million, impacted by accelerated amortisation of merger-related intangible assets.

The company's non-life sector reported disciplined underwriting, reflected in a combined ratio of 92.0%. This was bolstered by synergies and efficiency gains, with 50% of the CHF 650 million target already achieved. Helvetia Baloise plans to exceed its previous guidance by the end of 2026.

The life insurance arm focused on capital-efficient growth, achieving a business volume of CHF 4,605.9 million. Non-insurance areas reported negative earnings, primarily due to merger-related amortisation costs.

Overall, Helvetia Baloise maintains robust capitalisation, supported by a strong SST ratio and an A+ rating from S&P Global Ratings.