IonQ CRO Alameddine Rima sells $4.6m in shares
HELSINKI - Finnish insurance group Sampo Oyj has raised its 2024-2026 earnings per share growth target to over 9 percent from the previous target of over 7 percent, following strong performance in the first nine months of 2025.
The Nordic region's largest non-life insurer reported a 17 percent increase in underwriting result to €1.12 billion for January-September, supported by robust growth and strong margins. Comparable gross written premiums grew 8 percent, with particularly strong momentum in the Nordic private customers segment, which saw a 10 percent increase.
Sampo's reported earnings per share rose 40 percent, boosted by a €355 million net gain from NOBA's successful IPO in September. The company announced it will launch a new €150 million share buyback program, financed with proceeds from the partial sale of NOBA shares during the listing.
"The strong growth achieved in private and SME business demonstrates that our strategy focused on organic growth is on the right track," said Sampo Group CEO Morten Thorsrud, who took office on October 1. "The Nordic Private Customers segment saw its fourth consecutive record quarter with gross written premiums growing by 10 percent."
The company maintained its full-year 2025 outlook, projecting insurance premium revenue between €8.9-9.1 billion, representing 6-9 percent annual growth, and an underwriting result of €1,425-1,525 million, indicating 8-16 percent annual growth.
Sampo's Solvency II ratio stood at 172 percent, including dividend accrual and the new buyback program, while its leverage ratio was 24.5 percent.
The company noted that the integration of Topdanmark in Denmark is progressing well, with synergy benefits reaching the 2025 target of €24 million one quarter ahead of schedule. Sampo maintains its target of €140 million in synergies by 2028.
This article is based on information from a company press release.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.