Sampo: Still not hopping off

SAMPOResearch05.05.2022, 12.20

Sampo's Q1 result exceeded our forecast thanks to strong development in If P&C and Mandatum. However, the beat came through certain non-recurring factors and investment income. Thus, the report didn't cause major estimate revisions.

Sampo is the leading property and casualty insurance group in the Nordic region and a major operator in the growing digital P&C insurance market in the UK. Sampo Group has around 9 million customers, and it employs 15,000 people. The Group’s insurance revenue totalled EUR 9.1 billion in 2025 of which the Nordic market represented 75 per cent. The Group’s operations are diversified by geography, line of business, and customer group. Sampo Group operates in Sweden, Norway, Finland, Denmark, the UK, and the Baltic countries. Its largest customer groups are private customers in the Nordics and in the UK, representing in total over 65 per cent of the Group's insurance revenue. The Group is also a leading provider of P&C insurance in Nordic commercial and industrial businesses.

Key Estimate Figures04.05.2022

	2021	22e	23e
Revenue	9,746.0	10,248.4	9,577.2
growth-%	15.9 %	5.2 %	-6.5 %
EBIT (adj.)	2,190.0	1,835.1	1,593.0
EBIT-% (adj.)	22.5 %	17.9 %	16.6 %
EPS (adj.)	0.52	0.45	0.41
Dividend	0.74	0.33	0.52
Dividend %	9.3 %	3.5 %	5.6 %
P/E (adj.)	15.4	21.1	23.0
EV/EBITDA	7.5	13.5	14.6

Forum discussions

There were apparently quite a few good questions in the chat during the Börssisijoittaja week that didn’t make it to the broadcast, so I thought...

9/7/2026, 12:06 PM

by Mirko/Sampo IR

@Antti_Jarvenpaa presents Sampo’s business areas to us in text format Sampo reports on its financial performance across four different segments...

9/2/2026, 4:15 PM

by Sijoittaja-alokas

You really see this extremely rarely. Usually, listed companies are very eager to complete their share buybacks quickly. Another thing you see...

9/2/2026, 7:40 AM

by Buccaneer

Inderes Sampo Oyj ei hankkinut omia osakkeitaan viikolla 35/2026 - Inderes Sampo Oyj, pörssitiedote, 31.8.2026 klo 8.30 Sampo Oyj ei hankkinut...

8/31/2026, 7:26 AM

by Critter

Update on share buybacks: Since last week, 65% used (~€228.1 million) Daily average: €3.62 million At this pace, approximately 1.43% of shares...

8/26/2026, 8:55 AM

by Temew

I hope the strategy department isn’t just forcing things through simply because they exist. If there’s a sensible deal at a reasonable price...

8/17/2026, 2:15 PM

by Raikku

Thanks for the great summary! It would be interesting to get some irresponsible speculation on the next five years. In my opinion, you have ...

8/16/2026, 7:25 AM

by Forrest Stonk

Sampo: Still not hopping off

SAMPOResearch05.05.2022, 12.20

Sauli Vilén, Matias Arola

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Key Estimate Figures04.05.2022

	2021	22e	23e
Revenue	9,746.0	10,248.4	9,577.2
growth-%	15.9 %	5.2 %	-6.5 %
EBIT (adj.)	2,190.0	1,835.1	1,593.0
EBIT-% (adj.)	22.5 %	17.9 %	16.6 %
EPS (adj.)	0.52	0.45	0.41
Dividend	0.74	0.33	0.52
Dividend %	9.3 %	3.5 %	5.6 %
P/E (adj.)	15.4	21.1	23.0
EV/EBITDA	7.5	13.5	14.6