Except for the integration of a higher contribution from Topdanmark, after the changes in accounting treatment, Sampo’s figures were not exceptionally good. The insurer’s profitability is under pressure and its capital position is not so comfortable, but not in threat either. The decision to distribute NOK2.60/share was a surprise for us. Rising interest rates is good news for Sampo, but it is already integrated in our forecasts. Slight changes are expected in our model, excluding
07 Feb 2018
Sampo breaks its piggy bank
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Sampo breaks its piggy bank
Except for the integration of a higher contribution from Topdanmark, after the changes in accounting treatment, Sampo’s figures were not exceptionally good. The insurer’s profitability is under pressure and its capital position is not so comfortable, but not in threat either. The decision to distribute NOK2.60/share was a surprise for us. Rising interest rates is good news for Sampo, but it is already integrated in our forecasts. Slight changes are expected in our model, excluding