Reuters logo
Baloise expects to report H1 profit above 340 mln Sfr
August 5, 2014 / 5:15 AM / 3 years ago

Baloise expects to report H1 profit above 340 mln Sfr

ZURICH, Aug 5 (Reuters) - Swiss insurer Baloise said it expects to report a first-half net profit of more than 340 million Swiss francs ($375 million) when it publishes results later this month, and is poised to hit its financial targets.

The Basel-based firm’s targets include a combined ratio of 93 to 96 percent, a margin on new business of more than 10 percent and a return on equity of up to 12 percent.

“These strong half-year financial results reaffirm the strategic approach adopted by Baloise,” the firm said in a statement on Tuesday.

Baloise, which said its combined ratio stood at just over 93 percent in the first half, is due to report full results on Aug. 28.

$1 = 0.9066 Swiss Francs Reporting By Katharina Bart

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below