Baloise stock shifts into Helvetia Baloise after the merger

Published on 09/29/2026 at 06:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Baloise stock was last quoted at CHF 198.00 on December 5, 2025, before the merger created Helvetia Baloise. The successor reported CHF 631.6 million in first-half earnings.

Baloise Holding AG (CH0012410517) - Makro — Baloise Holding AG (CH0012410517) in extremer Makro-Nahaufnahme mit scharfen Details und schmalem Schärfebereich, Illustration mit AI erstellt.

Baloise stock (CH0012410517) was last quoted at CHF 198.00 on December 5, 2025, after which the company moved into the Helvetia Baloise structure through the merger completed in December 2025. The successor's first-half 2026 report gives investors the clearest operating reference, with underlying earnings of CHF 631.6 million and an adjusted return on equity of 18.7 percent.

Merger changes the stock identity

Onvista states that Helvetia Baloise was created through the merger of Baloise Holding AG and Helvetia Holding AG. The combined company trades on the SIX Swiss Exchange under ticker HBAN and carries ISIN CH0466642201, while the legacy Baloise record remains associated with ticker BALN and ISIN CH0012410517.

The legacy Baloise quote stood at CHF 198.00 on December 5, 2025, with a daily change of minus 2.56 percent, a 52-week range of CHF 160.20 to CHF 217.80, and market capitalization of CHF 9.0 billion. Those figures describe the former security rather than the successor's post-merger trading history.

First-half figures exceed the target

According to Finanzen on September 17, 2026, Helvetia Baloise reported CHF 631.6 million in underlying earnings for the first half of 2026. IFRS net income was CHF 84.6 million, while the combined ratio reached 92.0 percent and the estimated solvency ratio was 270 percent.

The adjusted return on equity of 18.7 percent exceeded the group's 16 percent to 18 percent target range for 2026 through 2028. The integration plan also centers on CHF 650 million of annual synergies and efficiency gains, giving the successor a measurable execution test beyond the headline earnings figure.

Analyst targets frame valuation

In a September 17, 2026 report, AWP said ZKB retained an overweight recommendation and a CHF 245.00 fair value. Vontobel kept a hold rating with a CHF 230.00 target, creating a CHF 15.00 spread between the two published valuation markers.

Baloise stock enters a new chapter

The relevant investment story has shifted from standalone Baloise reporting to Helvetia Baloise integration, profitability and capital allocation. The legacy Baloise reference price was CHF 198.00 on December 5, 2025, while the successor's first-half figures show the operating scale now attached to the combined group.