Miscellaneous: Interim management statement

    

Miscellaneous: Interim management statement

Interim management statement
 
 
Baloise begins 2008 with strong growth
 
 
Basel, May 16, 2008. In the first quarter of 2008, the Baloise Group reported
positive business volume growth of 6.7% with a lower overall incidence of claims
than in the same period last year.
 
The Baloise Group made a successful start to fiscal 2008. Business volume
increased considerably. The payout from non-life insurance claims was below that
of the previous year. Based on data currently available, major claims resulting
from the "Emma" gales in Germany and Austria amounted to CHF 18 million
gross.
 
 
Healthy growth in premium volumes
The total business volume (based on IFRS premiums and investment-linked life
insurances) in the first quarter of 2008 amounted to CHF 3,327 million (previous
year: CHF 3,119 million). This represents a significant increase of 6.7%
compared to the same period last year. Non-life business accounts for CHF 1,575
million of this total (previous year: CHF 1,529 million) - an increase of 3.0%.
The life insurance segment recorded a business volume of CHF 1,752 million,
representing an increase of 10.2% compared to last year's figure of CHF 1,590
million. Particularly high growth was achieved by Switzerland (8.8%), Belgium
(6.9%) and Austria (13.1%). These excellent growth figures confirm the success
of the Baloise Group's systematic focus on high added-value customers and
market segments.
 
 
Adjustment of equity allocation in lively capital markets
The capital markets were extremely lively in the first quarter of 2008. In
keeping with the investment strategy, the Baloise reduced its equity allocation.
On April 30, 2008 10.8% after hedging were invested in equities and equity-like
instruments, compared to 13.1% on December 31, 2007. The higher credit risk
premiums and the interest rate trend in the first quarter led to a reduction in
unrealized capital gains from fixed-interest securities.

 
Priorities for the future
At the General Meeting of B�loise-Holding on April 29, 2008, Chairman of the
Board Rolf Sch�uble noted the following priorities for the future. "With
regard to the implementation of our strategy, the pursuit of operational
excellence will remain our guiding principle. In the area of financial
management, we want to focus on meeting our shareholders' demanding
requirements and further increase the value of our company".
 
 
Obligation for interim management statement
The Baloise Group does not publish any quarterly reports. According to the
Directive on the Requirements for Maintaining Listing on the SWX
"EU-Compatible" Segment (DMEU), the Group is therefore obliged to publish
the interim management statements. The figures in this interim statement have
not been audited. The Baloise Group does not publish any quarterly reports. The
interim management statement for the second half of the year will be published
on November 18, 2008.
 


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Baloise Group Head Office: Aeschengraben 21, CH-4002 Basel
Internet: www.baloise.com (http://www.baloise.com/) 
E-mail: media.relations@baloise.com / investor.relations@baloise.com
Investor Relations: Tel. +41 61 285 81 81   Fax +41 61 285 75 62
Media Relations:    Tel. +41 61 285 84 67   Fax +41 61 285 90 06
 

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Headquartered in Basel, Switzerland and with operations in Continental Europe,
the Baloise Group is a solution provider in the fields of security and provision
for the future. The Baloise Group's strategy focuses on sustained, high-yield
growth in the preferred target segments. Its core markets are Switzerland,
Germany, Belgium, Luxembourg, Austria, Croatia and Serbia. The Baloise Group
employs some 8,600 people. B�loise-Holding registered shares are included in
the Swiss Market Index (SMI) and are traded on SWX under the symbol BALN.

Interim management statement (pdf):
http://inbox.newsbox.ch/publish/baloise/18_41/Zwischenmitteilung_16_5_08_e.pdf


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