Sampo Group's results for January–June 2025
Like-for-like top-line growth of 8 per cent, supported by continued strong momentum in the private businesses in the Nordics and in the UK.
Favourable claims environment throughout the first half and positive underlying trend in the Nordics supported underwriting margins, leading to an improved combined ratio of 83.6 per cent.
The underwriting result increased by 25 per cent on a currency adjusted basis to EUR 729 million on the back of strong growth and margin improvement.
Operating EPS strengthened by 13 per cent to EUR 0.25, driven by the strong underwriting performance offsetting lower investment returns and an increase in the share count.
Following the strong second quarter performance, the outlook for 2025 underwriting result has been increased to EUR 1,425-1,525 million from 1,400-1,500 million.
Sampo intends to launch a new EUR 200 million share buyback programme funded by capital generated in 2024.
Solvency II coverage stood at 174 per cent, net of dividend accrual and planned buyback programme, and financial leverage amounted to 26.1 per cent.
"Sampo continued to deliver excellent results in the second quarter on the back of growth in attractive areas, disciplined underwriting, and efficiency gains. Our private operations in the Nordics and the UK stood out with like-for-like premium growth of 9 per cent and 13 per cent, respectively, as they capitalised on strong customer propositions", says Torbjörn Magnusson, Sampo Group CEO.
Key figures
EURm
4–6/2025
4–6/2024
Change, %
1–6/2025
1–6/2024
Change, %
Gross written premiums
2,542
2,333
9
6,242
5,631
11
Insurance revenue, net
2,264
2,057
10
4,452
4,077
9
Underwriting result
393
321
23
729
580
26
Net financial result
185
180
3
287
445
-36
Profit before taxes
526
444
18
903
909
-1
Net profit
417
310
