Swiss insurer Baloise targets higher shareholder returns after Cevian move
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 12 2024
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Source: Reuters
Baloise's Strategic Changes: Swiss insurer Baloise plans to enhance return on equity to 12-15%, cut 250 jobs, and consider share buybacks following pressure from its largest stakeholder, Cevian Capital, which demands more ambitious proposals for growth and efficiency.
Financial Performance and Future Outlook: Despite a 6.9% increase in profit attributable to shareholders in the first half of 2024, Baloise reported a slight decline in business volume, prompting a focus on improving cost efficiency and strategic adjustments within the company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
