Helvetia Baloise Completes Merger and Releases Pro Forma Financials

Helvetia and Baloise finalised their merger on December 5, 2025, resulting in the formation of Helvetia Baloise, now the largest multi-line insurer in Switzerland. The newly merged entity has also secured a significant position in Europe's insurance market. Helvetia Baloise published Pro Forma Financial Information (PFFI) to illustrate the merger's accounting effects. Effective today, the company's shares will be traded on the SIX Swiss Exchange.

The PFFI, prepared under the SIX Exchange Regulation, covers the merger's impact for 2024 and the first half of 2025. Helvetia is identified as the acquirer under IFRS, requiring all of Baloise’s assets and liabilities to be reflected at fair value in Helvetia Baloise's balance sheet.

The merger led to substantial intangible assets such as CHF 4.7 billion in goodwill. The accounting adjustments impact financial statements but do not alter cash generation or business fundamentals. Helvetia Baloise will further discuss the financial strategy during its Capital Markets Day on April 15, 2026.