Insurance companies Helvetia Baloise launches on the Swiss stock exchange after mega-merger
The time has come: the merged insurers Helvetia and Baloise will now be traded on the Swiss stock exchange as Helvetia Baloise. This follows the completion of the merger on Friday.
08.12.2025, 12:29
SDA
The result is a heavyweight on the European insurance market.
The shares of Helvetia Baloise Holding started trading on the Swiss stock exchange on Monday morning at a price of CHF 198.20 under the stock exchange symbol HBAN. The price was still slightly higher than the closing price of the Helvetia share on Friday. It then fell into negative territory, losing a good one percent around 11 a.m.
Meanwhile, the shares of the Baloise Group, which technically merged into Helvetia as part of a "merger of equals", were exchanged for newly issued registered shares of Helvetia Baloise and delisted upon completion of the merger.
The Group published a statement with pro forma figures for the financial community on Monday. It summarizes the business figures of the insurers, including adjustments resulting from the merger. The figures include goodwill values in the billions, which will be amortized over the years.
Swiss group with weight in Europe
Helvetia and Baloise announced the merger after Easter and the shareholders of both companies gave the green light in May. According to its own statements, the new company will become the largest all-lines insurer in its home market of Switzerland with over two million customers and a market share of around 20 percent.
The Group also wants to play a stronger role in Europe. With a total business volume of around CHF 20 billion and around 22,000 employees spread across eight countries (Switzerland, Germany, Spain, Italy, France, Belgium, Luxembourg and Austria), it is one of the "Top 10" listed insurance companies in Europe.
Basel, where Baloise has its headquarters and where Helvetia is also very well represented, was chosen as the headquarters of the new company. Helvetia's head office is in St.Gallen. The new group will be headed by Baloise Chairman Thomas von Planta as Chairman of the Board of Directors and Helvetia CEO Fabian Rupprecht.
