Find out the results of the insurance market in June 2024.
An ever-increasing impact for the P&V Group:
- Premium income surpassed the 2 billion euros mark.
- Life premiums exceeded one billion euros for the first time.
- The Solvency Capital Requirement (SCR) ratio rose from 172% in 2022 to 209% in 2023, reflecting the solidity of the P&V Group.
- The total balance sheet, amounting to 19.7 billion euros by the end of 2023, is characterized by a stable and diversified investment portfolio distribution. This led to a substantial increase in the final result, with the P&V Group closing 2023 with a profit of 69 million euros, compared to 28 million euros in 2022.
Baloise Group rated ‘A+’ with a stable outlook.
S&P Global Ratings (S&P) has affirmed the “A+” rating of the Baloise Group. This evaluation marks the first application of the updated capitalization model for insurance companies, implemented since November 2023. Based on these updated criteria, S&P considers the capital strength of the Baloise Group as “excellent.” In its rating report, S&P highlights the group’s strong market positions, outstanding technical performance, and consistently high capitalization.
Here are the ratings assigned by S&P to entities within the Baloise Group:
- Baloise Assurance SA (Switzerland): “A+” with a stable outlook
- Baloise Vie SA (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 SA: “A-” with a stable outlook