Helvetia Baloise edges up on better-than-expected H1 results
BUZZ-Helvetia Baloise edges up on better-than-expected H1 results ** Swiss insurance group Helvetia Baloise HBANC.S shares are up 3.6%, after the company released results for the first half of the year, with underlying earnings coming ahead of expectations
** Helvetia Baloise's first half underlying results came in at 631.6 million Swiss francs ($766.32 million), ahead of estimates that saw it at 578 million Swiss francs
** The company also said that by the end of June 2026, close to 50% of the ultimate synergies and efficiency CHF 650 million annual run-rate target had already been achieved
** "Management, led by CEO Fabian Rupprecht, is clearly on track with execution, demonstrating the necessary skills to successfully complete the merger," Vontobel notes
** Including today's gain, the shares are up 6.02% year to date - LSEG data.
($1 = 0.8242 Swiss francs)
(Reporting by Tristan Veyet)
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