Equity Research, Broker Reports, and media content on SAMPO OYJ-A SHS

  • Access the latest forecasts, broker valuations, multiples, and video content from the city about SAMPO OYJ-A SHS
  • See live updates from analysts, company announcements, and other news in a personalised/single dashboard

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on SAMPO OYJ-A SHS. We currently have 6 research reports from 1 professional analysts.

Date Source Announcement
09Dec16 09:30 GNW Sampo's Christmas donation to Save the Children
08Dec16 02:20 GNW Sampo plc: Managers' Transactions (Wennerklint)
08Dec16 02:20 GNW Sampo plc: Managers' Transactions (Magnusson)
08Nov16 11:01 GNW Sampo plc: Managers' Transactions (Palin-Lehtinen)
08Nov16 11:01 GNW Sampo plc: Managers' Transactions (Niemisvirta)
08Nov16 11:01 GNW Sampo plc: Managers' Transactions (Murto)
08Nov16 11:01 GNW Sampo plc: Managers' Transactions (Vuorinen)
  • Frequency of research reports

     

  • Research reports on

    SAMPO OYJ-A SHS

  • Providers covering

    SAMPO OYJ-A SHS

Latest Content

View the latest research, videos, and podcasts for this company.

No surprises

  • 04 Nov 16

Sampo has posted a 9M 16 profit before tax of €1,343m, down 8.9% yoy (€450m in Q3 16, -2.1% relative to Q3 15). The ROE stood at 14.1% vs. 12.6% a year before. P&C posted a pre-tax profit decrease of 12.7% to €660m with a combined ratio of 84%. Net premiums reached €3,409m in 9M 16, down 2.4% yoy (-1.6% for Q3 16 at €851m) and net income from investments dropped by 48.7% to €120m (€40m in Q3 16, -34.4% yoy). Claims decreased 9.1% to €1,990m (+0.9% in Q3 16 to €678m) but staff costs jumped (+56.8% to €381m). The contribution of Topdanmark’s net profit amounted to €35m. Mandatum Life (the Life arm of the group) reported a 9M 16 pre-tax profit of €157m vs. €132m a year before. The ROE stood at 18% vs. 5.3% last year. Premium income decreased 20.1% to €669m. Sampo’s share of Nordea’s 9M 16 net profit amounted to €546m, -5.3% relative to September 2016 (€182m in the Q3 16, +14.4% yoy). Nordea’s ROE stood at 11.1% and its Core Tier 1 ratio strengthened to 17.9%. The group’s solvency II ratio reached 149% in September 2016. Mandatum Life benefited from the use of transitional measures to record a stronger capital ratio of 153% (estimated own funds at €1,743m). Without transitional measures on technical reserves, the own funds would have stood at €1,283m, leading to a capital ratio of 96%. Concerning If P&C, the economic capital requirement was €1,940m with a solvency ratio of 197%. On another side, and as a result of the mandatory bid to the shareholders of Topdanmark, Sampo acquired 7,374,306 shares and now its stake amounts to 41.1%. The Finnish insurer intends to propose a change in its distribution policy at the next AGM with the re-integration of the dividend to replace the discontinuation of the share buy-back programme. In addition, Mandatum Life has decided not to prolong the agency agreement with Danske Bank as of 31/12/2016. The portfolio will be sold to this bank.

Topdanmark to forget low growth?

  • 26 Sep 16

Sampo has increased its stake in the Danish insurer Topdanmark to 33.34%. However, the Finnish company, which has owned more than a 21% stake in Topdanmark for years, offered no premium in making its mandatory offer, preferring to reinforce its ownership only at the right price. This was good news after the modest H1 16 figures with a profit before tax of €893m, down 12% yoy (€477m in Q2 16, -10% relative to Q1 15). THe ROE stood at 10.9% vs. 20.9% a year before. P&C (the Non-Life arm of the group) posted a pre-tax profit decrease of 15% to €436m with a combined ratio of 83.7%. Net premiums reached €2,558m in H1 16, down 3% yoy (-2% for Q2 16 at €1,040m) and net income from investments dropped by 54% to €80m (€44m in Q2 16, -53% yoy). Claims decreased 14% to €1,312m (-17% in Q2 16 to €699m) but staff costs jumped (+136% to €250m). The contribution of Topdanmark’s net profit amounted to €19m. Mandatum Life (the Life arm of the group) reported a H1 16 pre-tax profit of €103m vs. €81m a year before. The ROE stood at 6.5% vs. 21.8% last year. Premium income decreased 27% to €492m. Sampo’s share of Nordea’s H1 16 net profit amounted to €364m, -13% relative to June 2015 (€205m in the Q2 16, +5% year-on-year). Nordea’s ROE stood at 10.9% and its Core Tier 1 ratio strengthened to 16.8%. The group’s solvency II ratio reached 145% in June 2016. Mandatum Life benefited from the use of transitional measures to reach a stronger capital ratio of 154% (estimated own funds at €1,913m). Without transitional measures on technical reserves, the estimated own funds would have stood at €1,237m, leading to a capital ratio of 98%. Concerning If P&C, the economic capital requirement was €2,099m.

Q4 15 signs raises some concerns

  • 10 Feb 16

Sampo posted a Q4 15 profit before tax of €413m, down 7.6% yoy and bringing FY 15 profits to €1,888m (+7.3% yoy). FY 15 EPS stood at €2.79 (€2.11 in FY 14). ROE stood at 14% vs. 10.9% a year before. By business area, P&C posted a pre-tax profit decline of 6.8% to €204m in Q4 but a ytd increase of 3.1% to €960m. The combined ratio stood at 85.4% in 2015 vs. 87.1% a year before. Net premiums reached €4,378m in 9M 15, down 1.9% yoy, and Q3 has confirmed the negative trend with a 1.6% decrease to €885m. Ytd net income from investments declined by 13.9% to €304m. FY 15 claims remained stable at €2,894m. Staff costs were largely controlled with a 30.1% decline to €371m. The contribution of Topdanmark’s net profit amounted to €43m ytd (€53m in 2014). Mandatum Life reported a FY 15 pre-tax profit of €181m vs. €163m a year before. However, Q4 was negative as earnings before tax showed a 4% decrease to €50m. ROE stood at 12.7% vs. 11.4% last year. Premium income decreased in Q4 by 8.1% to €306m but kept a positive trend since the beginning of the year with a FY 15 increase of 3.5% to €1,144m. Sampo’s share of Nordea’s 2014 net profit amounted to €173m in Q4, -3.3% yoy (€751m ytd, +10.4% yoy). Nordea’s ROE stood at 12.3% and its Core Tier 1 ratio strengthened to 16.5%. The group’s solvency ratio reached 192.6%. With Solvency II rules applied to the insurance subsidiaries, the group's solvency ratio would have been 145%. The board will propose to the Annual General Meeting a dividend of €2.15/ share and authorisation for the board to decide on repurchasing a maximum of 50,000,000 Sampo A shares using funds available for profit distribution.

Continuing strong performances

  • 05 Oct 15

Sampo posted a profit before tax of €1,015m, up 17.8% year-on-year. ROE stood at 20.9% vs. 14.9% a year before. P&C's (Non-Life arm of the group) posted a pre-tax profit increase of 5.8% to €511m with a combined ratio of 85.0%. Net premiums reached €2,628 in H1 15, down 1.9% year-on-year and net income from investments declined by 17.2% to €173m. Claims increased 3.9% to €1,519m but staff costs were contained (-61.4% to €106m). The contribution of Topdanmark’s net profit amounted to €24m. Mandatum Life (the Life arm of the group) reported a H1 2015 pre-tax profit of €81m vs. €73m a year before. ROE stood at 21.8% vs. 17.9% last year. Premium income increased 15.7% to €676m. Sampo’s share of Nordea’s 2014 net profit amounted to €195m, +40.3% relative to June 2014. Nordea’s ROE stood at 13.7% and its Core Tier 1 ratio strengthened to 16%. The group's solvency ratio reached 193.9% vs. 187.4% in June 2014. Concerning Solvency II, Mandatum Life benefited from Finnish FSA's decision to approve the use of transitional measures on 11 August 2015 to reach a strong capital ratio of 155% (estimated own funds at €2,095m). Without transitional measures on technical reserves, the estimated own funds would stand at €1,542m leading to a capital ratio of 114%. Concerning If P&C, Sampo estimates that its internal model will not materially differ from the authorities’ requirements. The P&C Group’s economic capital requirement was €1,939m and adjusted solvency capital amounted to €3,800m.