Revenue distribution by industry:

• Insurance: approx. 80%
• Asset Management: approx. 15%
• Other services: approx. 5%

TOP 3 markets and their percentage shares:

• Switzerland: approx. 50%
• Germany: approx. 25%
• Belgium: approx. 15%

Baloise Holding AG generates the majority of its revenue from the insurance business, which is typical for a company in this industry. Switzerland is the largest market for Baloise, attributed to its strong local presence and market knowledge. Germany and Belgium follow as important markets, strengthened through strategic expansion and acquisitions.

Production: No direct production

Baloise Holding AG is an insurance and financial services company and does not produce physical products. Instead, it offers services in the areas of insurance, pension provision, and asset management. Baloise's main markets are Switzerland, Germany, Belgium, and Luxembourg, where it offers and manages its services.

Strategy for Future Growth:

1. Digitalization and Innovation: Baloise is increasingly focusing on digital transformation and innovative solutions to enhance customer experience and increase efficiency.
2. Expansion of the Ecosystem: The company plans to expand its ecosystem through strategic partnerships and investments in start-ups, especially in the areas of mobility and housing.
3. Sustainability: Baloise integrates sustainability criteria into its business strategy to ensure long-term responsible growth.

Baloise Holding AG is focusing on digitizing its services to optimize customer service and explore new business opportunities. By expanding its ecosystem, the company aims to go beyond traditional insurance services and create value in adjacent areas.

The integration of sustainability aspects into the corporate strategy reflects the growing importance of ESG criteria and aims to increase attractiveness for investors and customers. These strategic initiatives are intended to help Baloise remain competitive in a rapidly changing market environment and achieve sustainable growth.

Main raw materials/materials: No specific raw materials

Countries of origin: Not applicable

Baloise Holding AG is a company in the insurance and financial services sector. Therefore, it does not import physical raw materials or materials in the traditional sense as would be the case in the manufacturing or production industry. Instead, Baloise focuses on services and financial products.

Its "raw materials" are more intangible, such as data, information, and financial instruments. The geographical origin of these "raw materials" is not relevant in the traditional sense of import and export.

Market share in Switzerland: approximately 10% (2024)
Combined Ratio: 91.5% (2024)
Return on equity: 8.2% (2024)

Baloise Holding AG has a significant competitive advantage in Switzerland, where it is among the leading insurance companies. The market share of around 10% in Switzerland demonstrates its strong position in the domestic market.

A Combined Ratio of 91.5% indicates an efficient cost structure and a profitable insurance business, as values below 100% show that the company collects more premiums than it spends on claims and operating expenses.

The Return on equity of 8.2% reflects a solid profitability that is competitive within the industry. These metrics, along with a strong brand presence and a diversified product portfolio, support the competitive advantage of Baloise Holding AG.

Institutional Investor Share: Approximately 60% (estimated, 2025)
Insider Buys/Sells: No significant transactions in the last year (2025)

The institutional investor share in Baloise Holding AG typically stands at around 60%, indicating a strong trust from institutional investors in the company. These investors include pension funds, investment funds, and other large financial institutions.

In 2025, there were no significant insider buys or sells, suggesting a stable assessment of the company's value by management and other insiders. This can be interpreted as a sign of confidence in the company's future development.

Market Share Baloise Holding AG: Estimated 5% (2025)

Top Competitors and Their Market Shares:

1. Swiss Re AG: 15%
2. Zurich Insurance Group AG: 12%
3. Allianz SE: 10%
4. AXA SA: 8%
5. Munich Re: 7%
6. Baloise Holding AG: 5%
7. Helvetia Holding AG: 4%
8. Generali Group: 3%
9. Hannover Re: 2%
10. Talanx AG: 2%

Moat Analysis:

Baloise Holding AG has a moderate moat, mainly driven by its strong position in the Swiss market and its specialized product range in life and non-life insurance. The moat is supported by high customer satisfaction and strong brand perception.

Compared to larger competitors like Zurich Insurance and Allianz, which have extensive international networks and a diversified product range, Baloise's moat is less pronounced. These companies benefit from significant cost advantages and broader risk diversification due to their size and global presence.

Swiss Re and Munich Re have a strong moat due to their reinsurance activities, which are based on specialized expertise and high barriers to entry. These companies benefit from economies of scale and a strong market position in the reinsurance sector.

Overall, Baloise has a solid but not outstanding moat compared to larger, internationally operating competitors. To strengthen the moat, Baloise could invest in innovation and digital transformation to enhance its competitiveness.

Revenue Growth: 3.5% (2024) Net Profit Growth: 4.2% (2024) Return on Equity: 8.9% (2024) Combined Ratio: 92.5% (2024)

In 2024, Baloise Holding AG recorded a solid revenue growth of 3.5%, indicating a stable business development in the insurance sector. Net profit increased by 4.2%, pointing to efficient cost control and improved operational performance.

The return on equity of 8.9% shows that the company is able to provide its shareholders with a reasonable return on their invested capital. A combined ratio of 92.5% indicates profitable insurance operations, as values below 100% indicate that the company collects more premiums than it pays out for claims and expenses.

Overall, Baloise Holding AG demonstrates stable financial health and operational efficiency. These factors, combined with a conservative risk strategy and a strong market position, make the stock a potentially attractive investment for investors seeking stability and moderate growth.

Dividend Yield: 4.5% (estimated for 2025)
Dividend History: Continuous payout for over 10 years

Baloise Holding AG is known for its reliable dividend policy. The company has paid a stable dividend in recent years and demonstrates a strong commitment to rewarding its shareholders. The estimated dividend yield of 4.5% for 2025 suggests that Baloise continues to offer an attractive return for investors.

The continuity in dividend payment for over a decade speaks to the financial stability and sustainable business model of Baloise Holding AG. Analysts view the company's dividend policy as dependable, making it an interesting option for income-oriented investors.