Swiss insurer Baloise jumps to record high after FY results beat expectations

** Swiss insurer Baloise's shares BALN rise 7% to a record high on better-than-expected FY results

** Stock set for best day in about five years

** "These results look very good. Even without extras, life and non-life clearly beat consensus," Vontobel analyst Simon Foessmeier says

** Foessmeier notes pressure from activist investor Cevian Capital and says results indicate measures taken, incl a refocusing strategy in Sept, are bearing fruit

** Swedish hedge fund Cevian, with a 9.4% stake in Baloise, is due to join its board at next AGM on April 25

** JPM expects the "strong" results to spur a mid-single digit rise in consensus estimates