Baloise updates medium term targets, shares steady on SIX

By Christina Vogel, Background & Management desk. Reviewed prior to publication on 2026-06-25, 13:28.

Baloise (CH0012410517) outlines refreshed medium term financial targets through 2030. The Swiss insurer, whose shares trade on SIX Swiss Exchange, ties the ambitions to its ongoing "Simply Safe" strategy program according to its investor materials.

What Baloise targets

Per the latest strategy presentation, Baloise aims for a combined ratio in its non-life business in the low-90s percent range over the 2026 to 2030 period, signaling a clear focus on underwriting discipline and cost control. The group also sets a target range for return on equity that remains in the low double digits, framed as sustainable through the cycle in its documents. Baloise strategy overview

Management links these goals to the continuation of the "Simply Safe" initiative, launched in prior years to sharpen the core insurance franchise while expanding fee-based business lines. According to the investor day slides, the group expects cumulative dividends and share buybacks to remain central to capital deployment as solvency stays comfortably above regulatory minimums. Investor presentation on financial targets

Operational setup through 2030

The operational plan places Switzerland and Belgium as the two main profit pools, with Germany and Luxembourg as additional growth markets according to regional breakdown figures. Baloise highlights its focus on personal lines and small commercial customers, where it sees stable demand and a manageable claims profile. The company also underscores its bancassurance partnerships as a repeatable distribution model in selected markets.

In asset management, the group intends to grow third-party mandates alongside its traditional insurance asset portfolio, targeting steady fee income and a cautious risk profile. This buildout takes place against a broader Swiss market backdrop where peers such as Zurich Insurance and Swiss Life also emphasize recurring fee revenue and capital-light businesses.

The product behind Baloise

Baloise earns most of its revenue from traditional property and casualty insurance, covering motor, household and small business risks, complemented by life insurance and retirement products. In addition, the group runs asset management and banking services through Baloise Bank and investment solutions branded for private clients.

Where the Baloise stock trades

The Baloise shares (CH0012410517) trade on SIX Swiss Exchange at around 140 Swiss francs as of 2026-06-25, 13:20, broadly in line with the SPI Extra index level on the same date.

This article is for informational purposes only and does not constitute investment advice, a recommendation or an offer to buy or sell securities. All data are based on sources deemed reliable but cannot be guaranteed.