Media information

Sale of Basler Austria completed

Basel, 29 August 2014. The Baloise Group has completed the sale of Basler Versicherungs-Aktiengesellschaft in Austria to Helvetia Group.

On 15 May 2014, Baloise announced that, as part of its strategy of focusing on core markets, it was selling its Austrian subsidiary to Helvetia for CHF 160 million. The transaction is expected to generate a one-off profit of around CHF 70 million in the second half of 2014.
Going forward, Baloise will increase its focus on profitable and high-growth segments in its core markets of Switzerland, Germany, Belgium and Luxembourg.

Further information

Media information available at www.baloise.com

Important dates

  • Friday, 14 November 2014: Q3 2014 interim statement

Contact

Baloise Group, Aeschengraben 21, 4002 Basel, Switzerland

Website: www.baloise.com

Email: media.relations@baloise.com / investor.relations@baloise.com

Media Relations: Dominik Müller, tel. +41 58 285 84 67

Investor Relations: Marc Kaiser, tel. +41 58 285 81 81

Headquartered in Basel, Switzerland, the Baloise Group is a European provider of insurance and pension solutions. It positions itself as an insurer with an intelligent risk-prevention concept, the "Safety World". In Switzerland, the Group operates as a specialised financial services provider, offering a combination of insurance and banking services. The Group also has a market presence in Belgium, Germany, Luxembourg and Liechtenstein. Its distribution network includes its own sales organisation, as well as brokers and other partners. Baloise operates its innovative life and pensions business for private customers throughout Europe, with its competence centre in Luxembourg. Bâloise Holding Ltd shares are quoted in the main segment of the SIX Swiss Exchange. The Baloise Group employs some 8,000 people.


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