Sept 10 (Reuters) - BALOISE HOLDING AG BALN.S:
H1 NON-LIFE GROSS PREMIUMS CHF 2,734.2 MILLION
H1 EBIT CHF 358.5 MILLION
H1 COMBINED RATIO 90.6%
ANTICIPATE THAT INTEGRATION WILL GENERATE ANNUAL SYNERGIES OF AROUND CHF 350 MILLION BEFORE TAXES AND BEFORE POLICYHOLDERS' DIVIDENDS
EXPECT MERGER WITH HELVETIA TO TAKE PLACE IN LATE 2025.
BALOISE WILL NOT PUBLISH ITS Q3 INTERIM STATEMENT FOR FIRST NINE MONTHS OF 2025
H1 ANNUALISED RETURN ON EQUITY STOOD AT A VERY HEALTHY 15.5 PER CENT
H1 VOLUME OF BUSINESS HELD STEADY AT CHF 5,236.5 MILLION
CASH REMITTANCE IS EXPECTED TO RISE SUBSTANTIALLY AND DIVIDEND CAPACITY IS LIKELY TO INCREASE
Source text: ID:nEQ12v9pKa
Further company coverage: BALN.S
(Gdansk Newsroom)
((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))