Sampo Oyj

SAMPO

Equity

ISIN FI4000552500 / Valor 129811392

NASDAQ Helsinki Ltd, Equities (2024-12-23)

EUR 38.99-0.05%

Sampo Oyj
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About company

Sampo Oyj, the parent company of Sampo Group, is a leading property and casualty insurer in the Nordic region, offering a wide range of insurance services across all Nordic countries and customer segments. The Group is also a significant player in the digital P&C insurance market in the UK. Sampo Oyj is dedicated to enhancing the sustainability of the Group and improving related reporting, indicators, and targets to meet the expectations of both internal and external stakeholders.

Summarized from source with an LLMView SourceSector: Finance

Top Line Growth

Sampo Oyj reported a robust top line growth of 10% on a currency-adjusted basis for the first nine months of 2024. This growth was supported by solid development across all business areas, with particularly strong performance in the UK market.

Underwriting and Profit

The underwriting result for Sampo Oyj increased to EUR 955 million, up from EUR 882 million in the previous year. The combined ratio improved to 84.6%, driven by strong growth and positive underlying margin development, contributing to a profit before taxes of EUR 1,340 million, a significant increase from EUR 1,113 million.

Earnings Per Share

Sampo Oyj's operating earnings per share (EPS) rose by 2% to EUR 1.68 for the January-September 2024 period, compared to EUR 1.65 in the same period of the previous year. This increase reflects the company's strong financial performance and strategic initiatives.

Solvency and Leverage

The Solvency II coverage ratio for Sampo Oyj stood at 177%, net of dividend accrual, indicating a strong capital position. The financial leverage was reported at 26.8%, well below the company's target of below 30%, showcasing prudent financial management.

Strategic Developments

During the third quarter of 2024, Sampo Oyj successfully completed the public exchange offer for Topdanmark, marking a significant milestone in its strategic transformation. This acquisition is expected to bring notable synergies, particularly in IT portfolio optimisation and operational digitalisation.

Summarized from source with an LLMView Source

Key figures

-1.28%1Y

-1.92%3Y

9.53%5Y

Performance

15.7%1Y

20.1%3Y

26.4%5Y

Volatility