Helvetia Baloise reported underlying earnings of CHF 631.6 million for the first half of 2026, the Swiss insurer said Thursday, surpassing its own targets.
The annualized underlying return on adjusted equity came in at 18.7%, exceeding the company's 16% to 18% target range set for 2026 through 2028. The IFRS period result was CHF 84.6 million, weighed down by a CHF 671.7 million impairment charge on intangible assets arising from the merger.
In non-life business, the combined ratio stood at 92.0%. The estimated solvency ratio (SST) reached approximately 270% as of end-June, and S&P affirmed the insurer's A+ rating with a stable outlook.
Progress on merger-related synergies and efficiency gains is outpacing the original plan. Nearly 50% of the CHF 650 million long-term target has already been secured on a run-rate basis. Helvetia Baloise raised its year-end 2026 forecast from around 50% to around 60% of the full target, while keeping the long-term CHF 650 million goal unchanged.
