Sampo Group's results for January–June 2025

Sampo plc, half-year financial report, 6 August 2025 at 8:30 am EEST

Sampo Group's results for January–June 2025

Like-for-like top-line growth of 8 per cent, supported by continued strong momentum in the private businesses in the Nordics and in the UK.

Favourable claims environment throughout the first half and positive underlying trend in the Nordics supported underwriting margins, leading to an improved combined ratio of 83.6 per cent.

The underwriting result increased by 25 per cent on a currency adjusted basis to EUR 729 million on the back of strong growth and margin improvement.

Operating EPS strengthened by 13 per cent to EUR 0.25, driven by the strong underwriting performance offsetting lower investment returns and an increase in the share count.

Following the strong second quarter performance, the outlook for 2025 underwriting result has been increased to EUR 1,425-1,525 million from 1,400-1,500 million.

Sampo intends to launch a new EUR 200 million share buyback programme funded by capital generated in 2024.

Solvency II coverage stood at 174 per cent, net of dividend accrual and planned buyback programme, and financial leverage amounted to 26.1 per cent.

"Sampo continued to deliver excellent results in the second quarter on the back of growth in attractive areas, disciplined underwriting, and efficiency gains. Our private operations in the Nordics and the UK stood out with like-for-like premium growth of 9 per cent and 13 per cent, respectively, as they capitalised on strong customer propositions", says         Torbjörn Magnusson, Sampo Group CEO.

Key figures

EURm

4–6/2025

4–6/2024

Change, %

1–6/2025

1–6/2024

Change, %

Gross written premiums

2,542 

2,333

        9

6,242

5,631

        11

Insurance revenue, net

2,264 

2,057

        10

4,452

4,077

        9

Underwriting result

393

321

        23

729

580

        26

Net financial result

185

180

        3

287

445

        -36

Profit before taxes

526

444

        18

903

909

        -1

Net profit

417

310