An update from Baloise Holding AG ( (CH:BALN) ) is now available.
Baloise Holding AG reported a successful 2024 financial year in Switzerland, marked by a significant improvement in its claims-cost ratio and a doubling of earnings before interest and taxes to CHF 358.5 million. The company achieved a 1.1% growth in its non-life business and a performance volume of over CHF 1 billion in its banking sector, driven by its Insurbanking approach. Despite challenges from high claims due to storms, Baloise’s refocusing strategy has started well, with plans to further reduce costs and improve profitability by 2027. The company also received recognition for its innovative e-banking platform and marketing campaign.
More about Baloise Holding AG
Baloise Holding AG operates in the insurance and banking industry, providing a unique combination of insurance and banking services, known as Insurbanking, primarily in Switzerland. The company focuses on non-life insurance, property, liability, motor vehicle, accident and health insurance, and offers semi-autonomous pension solutions through its Perspectiva Collective Foundation.
YTD Price Performance: 10.42%
Average Trading Volume: 86,466
Technical Sentiment Signal: Sell
Current Market Cap: CHF8.18B
For an in-depth examination of BALN stock, go to TipRanks’ Stock Analysis page.