Sampo Oyj banner

Sampo Oyj
Investor Relations

Sampo Oyj is a Nordic insurance group that mainly sells non-life insurance, such as car, home, travel, and business cover. Its core business is pricing risk, collecting premiums, and paying claims when customers have losses. The company serves households, small businesses, and larger commercial clients through well-known insurance brands in the Nordic region and the UK. Sampo makes money in two main ways: from insurance premiums and from investing the money it holds before claims are paid. Its earnings depend on how well it can balance the premiums it charges with the claims and expenses it pays out. That makes the business more about careful risk selection and claims management than about selling physical products. What sets Sampo apart is that it sits at the center of the insurance value chain. It does not make goods or lend money; instead, it underwrites protection and handles the financial risk of everyday accidents, damage, and liability. For investors, it is easiest to think of Sampo as a large, regulated insurer whose business is built on recurring customer premiums and disciplined risk control.

Show more
Loading...
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 6, 2026
AI Summary
Q1 2026

Strong quarter: Sampo said it had an excellent start to 2026, with insurance revenue up 8%, underwriting result up 9% on a like-for-like basis, and operating EPS up 19%.

Guidance raised: Management lifted full-year 2026 guidance for insurance revenue to EUR 9.6 billion to EUR 9.8 billion and underwriting result to EUR 1,525 million to EUR 1,625 million, mainly because of better-than-expected weather and large claims in Q1.

Capital return: Sampo announced a new EUR 350 million buyback program and said it remains committed to returning around 90% of operating results over time through dividends and buybacks.

Topdanmark progress: Integration synergies are running ahead of plan, with 2026 now expected at a EUR 105 million run rate and 2027 at EUR 125 million, while the EUR 140 million target by end-2028 was reaffirmed.

Workers’ comp: Management said the Danish Supreme Court ruling should be covered within existing reserves, so no additional provision is expected and the full-year outlook is unchanged.

Market commentary: The U.K. motor market was described as competitive but rational, with slight price increases emerging, while Nordic claims inflation is easing overall but remains elevated in places such as Norway.

Key Financials
Insurance revenue
up 8%
Underwriting result
up 9% like-for-like
Operating EPS
up 19%
Private Nordic growth
6%
Private Nordic growth excluding white label motor in Sweden
7%
Norway growth
13%
Sweden If branded motor growth
10%
SME growth
4%
U.K. policy growth
3%
Topdanmark synergy run rate 2026
EUR 105 million
Topdanmark synergy run rate 2027
EUR 125 million
Topdanmark synergy target
EUR 140 million
Buyback program
EUR 350 million
Market movements effect on solvency
4 percentage points negative effect
PIM extension effect on solvency
around 6 percentage points positive effect
Danish workers’ comp scenario range
EUR 80 million to EUR 160 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Torbjorn Magnusson
Group CEO & Chairman of Group Executive Committee
No Bio Available
Mr. Knut-Arne Alsaker
CFO & Member of Group Executive Committee
No Bio Available
Mr. A. Ricard Wennerklint
Chief of Strategy & Member of Group Executive Committee
No Bio Available
Mr. Morten Thorsrud
Member of Group Executive Committee
No Bio Available
Ms. Ingrid Janbu Holthe
Head of BA Private & Member of the Group Executive Committee
No Bio Available
Mr. Klas Svensson
Head of BA Commercial & Member of Group Executive Committee
No Bio Available
Mr. Ville Talasmaki
Group Chief Investment Officer & Executive Committee Member
No Bio Available
Mr. Sami Taipalus
Head of Investor Relations
No Bio Available
Maria Silander
Communications Manager, Media Relations
No Bio Available
Mr. Johan Börjesson
Group Head of Human Resources
No Bio Available

Contacts

Address
ETELA-SUOMEN
Helsinki
Fabianinkatu 27
Contacts
+358105160100
www.sampo.com
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett