Sampo Oyj Stock Earnings Reports

Sampo reported a strong Q3 2025: broad-based premium growth across markets (notably Private Nordic and U.K. digital channels), favorable claims environment and improved Nordic underwriting margins. Year-to-date underwriting profit grew ~17%, driving a 14% increase in 9-month operating EPS to EUR 0.38. Management upgraded the operating EPS target for the 2024–2026 strategic period to above 9% (from ~7%). The group recognized a EUR 355m gain on its NOBA stake after the IPO, sold ~25% of the holding and retains ~15% (valued at EUR 636m); EUR 150m of proceeds will be returned via a share buyback. Topdanmark integration is progressing well — EUR 24m run-rate synergies delivered YTD and a EUR 140m ultimate synergy target by 2028. Storm Amy (October) is estimated to cost Sampo ~EUR 30–40m. Management emphasized continued underwriting discipline (growth only at attractive margins), conservative reserving practice (reduced runoff gains given benign claims), Nordic cost-ratio improvement targets of ~40 bps per year and U.K. targets of an operating ratio ~88–90% and underwriting profit growth of 20–25%. Solvency printed ~172% at 30 Sept (includes the announced buyback); CFO noted several seasonal and technical items that reduce this quarter’s level but are expected to reverse. NOBA is a non-core holding to be exited gradually over time.