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Sampo Group Had a Good Start for the Year 2019


Sampo Groupís profit before taxes for January - March 2019 increased to EUR 475 million compared to EUR 445 million in the comparison period.

- Both our P&C and life insurance businesses continued their strong performance in the first quarter of the year. After the sharp decline at the end of last year, the rebound in the equity markets supported the marked-to-market results, says Kari Stadigh, Group CEO and President.

Other key figures

  • Sampo Groupís total comprehensive income, taking changes in the market value of assets into account, increased to EUR 561 million (108).
  • Earnings per share increased to EUR 0.64 (0.63). Mark-to-market earnings per share were EUR 0.94 (0.15).
  • The return on equity for the Group was 16.5 per cent (2.5).
  • Net asset value per share on 31 March 2019 amounted to EUR 22.03 (20.60).
  • Profit before taxes for the segment If amounted to EUR 198 million (193). Combined ratio for January - March was 86.5 per cent (86.5.)
  • Topdanmark segmentís profit before taxes amounted to EUR 92 million (60) in Sampo Groupís consolidated accounts. Combined ratio was 78.2 per cent (83.7).
  • Sampoís share of Nordeaís net profit for the first quarter of 2019 amounted to EUR 83 million (165).
  • Profit before taxes for the Mandatum segment amounted to EUR 72 million (73).

Outlook for 2019

Sampo Groupís business areas are expected to report good operating results for 2019.

However, the mark-to-market results are, particularly in life insurance, highly dependent on capital market developments. The continuing low interest rate level also creates a challenging environment for reinvestment in fixed income instruments.

If P&C insurance is expected to reach a combined ratio target of 85 - 88 per cent for the full-year 2019.

With regard to Topdanmark, reference is made to the profit forecast model that the company publishes quarterly.

Nordeaís contribution to the Groupís profit is expected to be significant.

The interim statement for January - March 2019 and the supplementary financial information package are available at

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