Baloise Holding AG (CHIX:BALNz)
CHF 175.1 -0.5 (-0.28%) Market Cap: 7.97 Bil Enterprise Value: 10.23 Bil PE Ratio: 31.45 PB Ratio: 2.26 GF Score: 43/100
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Half Year 2024 Baloise Holding AG Earnings Call Transcript

Sep 12, 2024 / 08:00AM GMT
Release Date Price: CHF162.6 (+0.18%)
Michael Mueller
Baloise Holding AG - Chief Executive Officer, Member of the Corporate Executive Committee

Thank you, gentlemen. Thank you for joining us today and delighted to welcome you all for the special event. We will present our half year result, but also looking forward, our updated strategy.

My colleagues from the group management and I are excited to share with you the outcome of the intense work of the last month. Let me say a few words about the half year result.

Before I hand over to the CFO, Carsten Stolz, for a brief deep dive into the figures. The sound set of numbers demonstrate the stable foundation Baloise stands on, thanks to its broad diversification across various geographic markets and lines of businesses.

We are able to significantly mitigate the high claims expenses resulting from the weather events in Switzerland.

As we have once again grown out in our target segments in non-life, and we see a good development of the CSM contractual service margin as well of the significant increase in EBIT in the Life business. Our balance sheet is stable.

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