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Baloise Reports Strong 2024 Results with Increased Profits and Dividend

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Baloise Reports Strong 2024 Results with Increased Profits and Dividend

Baloise Holding AG ( (CH:BALN) ) has shared an announcement.

Baloise Holding AG reported a successful operational year in 2024, with a significant increase in shareholder profit by 60.6% to CHF 384.8 million, despite some negative impacts from strategic changes. The company’s refocusing strategy has led to improved performance metrics, including a better claims-cost ratio and return on equity, allowing for a proposed dividend increase and a share buyback plan. The company’s strong cash generation and improved business performance across all regions, particularly in Switzerland, Belgium, Germany, and Luxembourg, underscore its robust financial health and commitment to shareholder value.

More about Baloise Holding AG

Baloise Holding AG operates in the insurance and financial services industry, offering a range of non-life and life insurance products, as well as asset management and banking services. The company focuses on markets in Switzerland, Germany, Belgium, and Luxembourg, with a strategy to enhance value generation and shareholder returns.

YTD Price Performance: 10.42%

Average Trading Volume: 86,466

Technical Sentiment Signal: Sell

Current Market Cap: CHF8.18B

Learn more about BALN stock on TipRanks’ Stock Analysis page.

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