06:23 AM EDT, 09/18/2026 (MT Newswires) -- Berenberg raised its forecasts for Helvetia Baloise (HBAN.SW), saying the Swiss insurer's "robust" first-half earnings and solvency "bode well" for future dividend growth. Analysts said Friday that the company's underlying earnings of 631.6 million francs for the first half were 9% ahead of the 578 million-franc consensus estimate, with the non-life segment being the "most significant source of improvement." "We believe that the improved results in non-life are structural and sustainable, as they also reflect higher recurring investment income, and our higher non-life forecasts mean that we lift our forecasts for group underlying earnings by 3% from 2026E-28E," the research firm added. Berenberg also raised its dividend per share estimates for the three years, bringing them in line with Helvetia's capital markets day guidance of more than 2.8 billion francs in dividend distribution over the period, while noting the potential for further upgrades following the company's "very strong" group solvency ratio of 270% in the first-half of 2026. Against this backdrop, the stock's buy rating and price target of 250 francs were left unchanged.

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