Baloise announces new refocusing strategy post Cevian's stake hike [Yahoo! Finance]
BALOISE HLDGS UNSP/ADR (BLHEY)
NASDAQ:AMEX Investor Relations:
baloise.com/en/home/investors/publications.html
Company Research
Source: Yahoo! Finance
Effective immediately, Baloise's new Simply Safe strategic programme and its associated targets and goals are being replaced by the refocusing strategy. The insurer's new financial goals include a return on equity of 12–15%, strong cash remittance exceeding SFr2bn ($2.3bn) from 2024 to 2027 and a higher cash payout rate of at least 80%. All these objectives are supported by initiatives to improve efficiency, reduce costs, optimise the portfolio and achieve targeted growth. The company's strategy also encompasses maintaining an “attractive shareholder policy”, which includes consistent dividend payments and the introduction of a share buyback programme next spring. Baloise CEO Michael Müller said: “Following careful analysis of our business activities, we have identified substantial potential for raising efficiency along with related cost savings and opportunities for growth in all our business units. “To unlock as much of this potential as possible, we are launching our ref
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