Sampo Group's results for January–September 2025
Like-for-like top-line growth stood at 8 per cent as the Group continued to see strong momentum across private and SME lines with an acceleration of growth in Private Nordic.
The underwriting result increased by 17 per cent on a currency adjusted basis to EUR 1,121 million, fuelled by solid top-line growth and strong margins.
Operating EPS strengthened by 14 per cent on the increase in the underwriting result.
To reflect the strong results achieved to date and firm confidence in the Group's prospects, the Board has decided to increase the operating EPS growth target for 2024-2026 to more than 9 per cent annually on average from more than 7 per cent.
Reported EPS increased by 40 per cent, supported by EUR 355 million net gain on NOBA in the third quarter following its successful IPO in September.
Sampo will launch a new EUR 150 million share buyback programme funded by the sale of NOBA shares in connection with the IPO.
Solvency II coverage came in at 172 per cent, net of dividend accrual and the new buyback programme, and financial leverage amounted to 24.5 per cent.
"The strong and sustained growth delivered by our retail and SME divisions shows that our organic growth strategy has traction. Private Nordic stood out with a fourth consecutive quarter of record GWP growth, this time measuring 10 per cent. I am pleased to see that the investments we have made into our customer proposition are translating into solid retention rates and higher customer numbers. On the back of excellent performance, we have raised our operating EPS target as we look to 2026 with confidence and ambition," says Morten Thorsrud, Sampo Group CEO.
Key figures
EURm
7–9/2025
7–9/2024
Change, %
1–9/2025
1–9/2024
Change, %
Gross written premiums
2,218
2,088
6
8,461
7,718
10
Insurance revenue, net
2,303
2,137
8
6,755
6,214
9
Underwriting result
392
374
5
1,121
955
17
Net financial result
549
128
328
836
573
46
Profit before taxes
866
432
101
1,769
1,340
32
