Swiss insurer Baloise targets 12-15% return on equity, considers share buybacks after activist investor Cevian Capital acquires 9.5% stake.

Swiss insurer Baloise plans to enhance return on equity and consider share buybacks, spurred by activist investor Cevian Capital's 9.5% stake. The company targets a 12%-15% return on equity and aims for over 2 billion Swiss francs in cash remittances from 2024-2027. Baloise also focuses on operational efficiency and profitability, with plans for a share buyback program in spring 2024, despite a slight dip in business volume.

September 12, 2024
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