S&P confirms strong ratings for Baloise

Baloise Holding AG / Key word(s): Rating
S&P confirms strong ratings for Baloise

12.06.2024 / 07:00 CET/CEST

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Basel, 12 June 2024. S&P Global Ratings (S&P) confirmed the Baloise Group's
rating of A+ with a stable outlook. This renewed confirmation reflects the
financial strength of the Baloise Group.

S&P Global Ratings (S&P) confirmed the Baloise Group's rating of A+ with a
stable outlook. The rating is the first one using the revised capital model
for insurers that S&P has applied since November 2023.

Also under the revised criteria, S&P continues to consider the capital
strength of the Baloise Group to be excellent. In its credit rating report,
S&P underlines the Baloise Group's very good market positions, strong
technical performance and continued high level of capitalisation.

The following credit ratings apply for the Baloise Group entities that have
been rated by S&P:

* Baloise Insurance Ltd (Switzerland): A+ with a stable outlook

* Baloise Life Ltd (Switzerland): A+ with a stable outlook

* Baloise Belgium NV: A+ with a stable outlook

* Baloise Sachversicherung AG Deutschland: A+ with a stable outlook

* Baloise Holding Ltd: A- with a stable outlook

Contact
Baloise, Aeschengraben 21, CH-4002 Basel
Website: www.baloise.com
E-Mail: media.relations@baloise.com / investor.relations@baloise.com
Media Relations: Tel: +41 58 285 70 53
Investor Relations: Tel: +41 58 285 81 81

About Baloise

The focus is firmly on the future at Baloise. We aim to make tomorrow more
straightforward, safer and more carefree for our customers, and we are
taking responsibility for this today. Baloise is more than just a
traditional insurance company. Through our smart finance and insurance
solutions, we offer a complete service package. Dependable support, reliable
cooperation and trust-based relationships are key aspects of our stakeholder
interaction. We take care of financial matters so that our customers can
concentrate on the important things in their lives and can find inspiration
in the everyday. Baloise, a European company founded more than 160 years
ago, currently employs 8,000 people at its headquarters in Basel
(Switzerland) and across its subsidiaries in Belgium, Germany and
Luxembourg. Our services generated a business volume of around CHF 8.6
billion in 2023. Baloise Holding Ltd shares (BALN) are listed on the SIX
Swiss Exchange.


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End of Media Release

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   Language:       English
   Company:        Baloise Holding AG
                   Aeschengraben 21
                   4002 Basel
                   Switzerland
   Phone:          +41 61 285 85 85
   Fax:            +41 61 285 70 70
   E-mail:         media.relations@baloise.com
   Internet:       https://www.baloise.com
   ISIN:           CH0012410517
   Listed:         BX Berne eXchange; SIX Swiss Exchange
   EQS News ID:    1922985

End of News EQS News Service
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1922985 12.06.2024 CET/CEST