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Sampo Q2’22: Strong Numbers

By Inderes
Sampo

Sampo reported robust numbers for Q2'22, with excellent performance from the group crown jewel If. The solvency was also clearly stronger than expected, and well above the target level. Analyst Sauli Vilén gives his view on the company’s result, solvency, valuation and recommendation. He also comments on Sampo's possible ownership increase in Topdanmark and what investors could expect regarding dividends/ buybacks going forward.

Videocontent:
00:00 Intro
00:22 An excellent result, that was harder to predict than usual
02:05 If 's outstanding operational performance
04:04 Topdanmark, Mandatum, Hastings: business as usual
05:24 Topdanmark: the price to high for action
07:58 The high level of solvency + plan for the excess capital: buybacks/dividend expectations
11:25 Low risk profile
13:00 Valuation and recommendation

We recommend:
The latest research report, published 2022-08-04:
https://www.inderes.se/research/sampo-expected-return-just-barely-sufficient

Interview with If's CEO Morten Thorsrud, 2022-08-03
https://www.inderes.se/videos/sampo-q222-if-is-in-excellent-shape

The video "Sampo: a Dividend Mashine", published 2022-06-13
https://www.inderes.se/videos/sampo-a-dividend-machine

Read more about Sampo:
https://www.inderes.se/companies/Sampo

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