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Bonds and ratings

Helvetia and Baloise have issued numerous bonds on the capital market. On this page, you will find an overview of all bonds issued by Helvetia and Baloise and future joint bonds issued by Helvetia Baloise.
Legal Disclaimer on Debt and Hybrid Securities

This information is not directed at or to be accessed by persons in the United States or persons resident or located in Australia, Canada, Japan or any other jurisdiction where the availability of, or access to, this information would breach any applicable law or regulation.

This portion of our website contains information (the “Information”) regarding debt and hybrid securities (the “Securities”) previously issued by us or our subsidiaries. The Information, which include offering documentation and certain financial statements, are provided as a matter of record only, and constitute neither an offer of Securities for sale nor a solicitation of an offer to purchase Securities, nor the provision of investment advice in any jurisdiction.

Any such Securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be reoffered or resold in the United States of America (the “United States”) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Information is not provided for, or intended to be directed at, any person in the United States or any U.S. person (as that term is defined in Regulation S under the U.S. Securities Act) or any person in any other jurisdiction where it is unlawful for the Information to be provided or directed at. Unless otherwise noted in the relevant offering documentation, the Securities were not, and may not be, offered or sold to any person in the United States or to any U.S. person. The Securities generally are subject to restrictions on transfer and failure to comply with any such restrictions could subject you to potential liability for violations of applicable securities laws.

The information included on this website relating to the Securities and ratings is provided for information purposes only in order to inform the shareholders of Helvetia Baloise Holding AG (“Helvetia Baloise Group”), holders of Securities and the public about the Securities and ratings of Helvetia Baloise Group. The information does not constitute an offer or a solicitation to sell, exchange, buy or subscribe to Securities or other securities issued by us or any of our subsidiaries.

The posting of the Information should not be construed as the giving by us of advice or the making by us of a recommendation and should not be relied upon by any person as the basis for any investment decision in the Securities or in any other securities of ours or any of our subsidiaries. The Information is current as of their respective dates only, and we disclaim any obligation to update the information in the Information or to maintain the Information on this website. Notwithstanding inclusion of the Information on this website, any disclaimers, legends or other restrictions set forth in the Information remain in full force and effect.

By clicking on the “Accept” button below, you warrant that you have read and understood the above notice and that you are not located or resident in the United States, Canada, Australia, Japan or in any other jurisdiction where access to the Information could be unlawful. You acknowledge and agree that the Information may not be transmitted or sent to any other person and may not be reproduced in any manner whatsoever, and you undertake in particular that you will not transmit or otherwise send any Information to any U.S. person or any U.S. address. Failure to comply with the foregoing could result in a violation of the U.S. Securities Act or the applicable laws of other jurisdictions.

Grafik | Referenzalter Frauen

Our bonds1

Type/issuer Term sheet & prospectus Nominal volume Coupon p.a. Year of issuance Maturity ISIN
Subordinated bond / Baloise Life Ltd Prospectus CHF 200 million 2.20% until 2028, then variable 2017 19.06.20482 CH0379611004
Subordinated bond /Helvetia Schweizerische Versicherungsgesellschaft AG Term sheet
Prospectus
EUR 500 million 3.375% until 2027, then variable 2017 29.09.20473
XS1587893451
Senior bond/ Baloise Holding AG Prospectus CHF 100 million 0.00% 2019 25.09.2026 CH0496692978
Senior bond / Baloise Holding AG Prospectus CHF 125 million 0.00% 2019 25.09.2029 CH0496692986
Senior bond / Baloise Holding AG Prospectus CHF 175 million 0.25% 2020 16.12.2026 CH0553331817
Senior bond / Baloise Holding AG Prospectus CHF 125 million 0.50% 2020 16.12.2030 CH0553331825
Subordinated bond / 
Helvetia Schweizerische Versicherungsgesellschaft AG
Term sheet
Prospectus
CHF 275 million 1.50% until 2026, then variable 2020 undated4 CH0521617305
Subordinated bond / Helvetia Schweizerische Versicherungsgesellschaft AG Term sheet
Prospectus
CHF 125 million 1.45% until 2030, then variable 2020 12.08.20405 CH0521617313
Subordinated bond / Helvetia Europe S.A. Term sheet
Prospectus
Annual Report Helvetia Europe
EUR 600 million 2.75% until 2031, then variable 2020 30.09.20416 XS2197076651
Green subordinated bond / Helvetia Schweizerische Versicherungsgesellschaft AG  Term sheet
Prospectus
CHF 200 million 1.75% until 2028, then variable 2020 undated7 CH0579132959
Senior bond / Baloise Holding AG  Prospectus CHF 250 million 0.15%  2021  17.02.2031 CH0593641068
Green senior bond / Baloise Holding AG  Prospectus CHF 200 million 0.125% 2021  27.06.2030  CH1130818839
Senior bond/ Baloise Holding AG  Prospectus CHF 200 million 0.30% 2022  16.02.2027 CH1148728210
Green senior bond / Baloise Holding AG Prospectus CHF 110 million 1.90% 2022  19.07.2028  CH1199322350
Senior bond / Baloise Holding AG  Prospectus CHF 225 million 2.20%  2022  30.05.2029  CH1206367661
Senior bond / Helvetia Schweizerische Versicherungsgesellschaft AG Term sheet
Prospectus
CHF 250 million 1.45%  2022  25.06.2026 CH1194000324
Senior bond / Helvetia Schweizerische Versicherungsgesellschaft AG  Term sheet
Prospectus
CHF 150 million 1.95%  2022 25.06.2029  CH1194000332
Green senior bond / Baloise Holding AG  Prospectus CHF 175 million 2.20% 2023  30.01.2032  CH1232107180
Senior bond / Baloise Holding AG Prospectus CHF 100 million 2.35% 2023 02.05.2033  CH1256367199
Senior bond/ Baloise Holding AG Prospectus CHF 150 million 1.75% 2024  07.06.2034  CH1348614145
Senior bond/ Helvetia Schweizerische Versicherungsgesellschaft AG  Term sheet
Prospectus
CHF 230 million 1.95%  2024  26.06.2034  CH1353257863
Senior bond / Helvetia Schweizerische Versicherungsgesellschaft AG Term sheet
Prospectus
CHF 110 million 0.80%  2025  31.01.2029 CH1400064494
Senior bond/ Baloise Holding AG  Prospectus CHF 200 million 1.315%  2025  16.07.2035  CH1454185880
Senior bond / Helvetia Schweizerische Versicherungsgesellschaft AG Term sheet
Prospectus
CHF 140 million 1.10%  2025  31.01.2033  CH14000640
1All bonds issued by Baloise Holding AG are now under the name Helvetia Baloise Holding AG.
2First call date: 19.6.2028.
3First call date: 29.9.2027.
4First call date: 12.8.2026.
5First call date: 12.8.2030.
6First call date: 30.9.2031.
7First call date: 26.5.2028.
Green Bond documents
Helvetia Green Bond Report 2023 EN   PDF
Helvetia Green Bond Report 2023 – Review von Sustainalytics EN   PDF
Helvetia Green Bond Framework EN   PDF
Helvetia Green Bond Frameword Second Party Opinion EN   PDF
Baloise Green Bond Report 2025 EN   PDF
Baloise Green Bond Report 2025 – Review von Sustainalytics EN   PDF
Baloise Green Bond Framework EN   PDF
Baloise Green Bond Framework Second Party Opinion EN   PDF
Helvetia Green Bond Report 2023
EN   PDF
Helvetia Green Bond Report 2023 – Review von Sustainalytics
EN   PDF
Helvetia Green Bond Framework
EN   PDF
Helvetia Green Bond Frameword Second Party Opinion
EN   PDF
Baloise Green Bond Report 2025
EN   PDF
Baloise Green Bond Report 2025 – Review von Sustainalytics
EN   PDF
Baloise Green Bond Framework
EN   PDF
Baloise Green Bond Framework Second Party Opinion
EN   PDF

Our Ratings

Helvetia Baloise’s ratings are a reflection of its excellent capitalisation.  You can find Helvetia Baloise’s credit and financial strength ratings here.

Standard & Poor’s Global Ratings:
The rating of Helvetia is essentially based on the two subsidiaries, namely Helvetia Schweizerische Versicherungsgesellschaft AG and Helvetia Schweizerische Lebensversicherungsgesellschaft AG. Standard & Poor’s Global Ratings also assigned its “A+” rating to Helvetia Assurances S.A. with a stable outlook.
Helvetia Schweizerische Versicherungsgesellschaft AG 'A+' / stable
Helvetia Schweizerische Lebensversicherungsgesellschaft AG 'A+' / stable
Helvetia Assurances S.A.* 'A+' / stable
Helvetia Global Solutions Ltd.
'A' / stable
Baloise Versicherung AG (Schweiz)  'A+' / stable 
Baloise Belgium N.V. (Belgien) 'A+' / stable 
Baloise Sachversicherung AG Deutschland  'A+' / stable 
The rating of Helvetia is essentially based on the two subsidiaries, namely Helvetia Schweizerische Versicherungsgesellschaft AG and Helvetia Schweizerische Lebensversicherungsgesellschaft AG. Standard & Poor’s Global Ratings also assigned its “A+” rating to Helvetia Assurances S.A. with a stable outlook.
Helvetia Schweizerische Versicherungsgesellschaft AG 'A+' / stable
Helvetia Schweizerische Lebensversicherungsgesellschaft AG 'A+' / stable
Helvetia Global Solutions Ltd. 'A' / stable
Helvetia Holding AG     'A-' / stable
Baloise Versicherung AG (Schweiz)  'A+' / stable
Baloise Leben AG (Schweiz)  'A+' / stable 
Baloise Belgium N.V. (Belgien)  'A+' / stable 
Baloise Sachversicherung AG Deutschland  'A+' / stable 

*The financial strength rating of Helvetia Assurances S.A. (Helvetia SA) is based on a guarantee issued by its parent company Helvetia Schweizerische Versicherungsgesellschaft AG (the “Guarantor”). The guarantee covers all legally valid payment obligations under insurance contracts concluded by Helvetia SA since 14 December 2012. The guarantee is unconditional, indefinite and binding for the Guarantor. Policyholders of insurance contracts issued by Helvetia SA are third-party beneficiaries of the guarantee. The obligations of the Guarantor arising from the guarantee are pari passu to the claims of all unsecured and unsubordinated creditors.  Standard & Poor's regularly publishes an interactive rating for Helvetia.

AM Best Rating:
Helvetia Swiss Insurance Company Ltd a+ under review with developing implications
Helvetia Swiss Insurance Company Ltd A under review with developing implications

Best's Credit Reports reproduced on this site appear under licence from A.M. Best Company and do not constitute, either expressly or implicitly, an endorsement of (Rated Entity)'s products or services. Best's Credit Reports are the copyright of A.M. Best Company and may not be reproduced or distributed without the express written consent of A.M. Best Company. Visitors to this website are authorised to print a single copy of the credit report displayed here for their own use. Any other printing, copying or distribution is strictly prohibited.

Best's ratings are under continual review and subject to change or affirmation. To confirm the current rating visit www.ambest.com.