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HELSINKI - Finnish financial company Sampo Oyj announced a reorganization of its reporting segments, reflecting its transformation into a unified non-life insurance group following the acquisition of Topdanmark in 2024. Starting from the first quarter of 2025, Sampo will report its financial performance based on operational business areas.
The new segments include Personal Customers, which comprises the Nordic personal customer business previously part of If and Topdanmark segments, contributing 44% to the group’s insurance premium revenue in 2024. Corporate Customers, encompassing the Nordic corporate customer business, previously reported under If and Topdanmark, accounted for 25% of the insurance premium revenue in 2024.
Large Corporate Customers, which includes Nordic large corporate customer business previously under If, represents companies with a turnover exceeding 500 million Swedish kronor or employing more than 500 individuals, made up 8% of the group’s insurance premium revenue in 2024. The United Kingdom (TADAWUL:4280) segment, formerly known as Hastings, contributed 20% to the insurance premium revenue in 2024.
In addition to the four main reporting segments, the underwriting result includes Other Operations, which covers the group’s Baltic business, group eliminations, and other internal items, representing 3% of the group’s insurance premium revenue in 2024.
Sampo’s reported group-level results and financial targets for 2024-2026 remain unaffected by the new segment structure. However, from the first quarter of 2025, Sampo will report its margin development at the Nordic level instead of the group level.
The company has also published adjusted key figures for 2023 and 2024, as well as quarterly figures for 2024, which are attached to the press release and available on Sampo’s website under analyst materials. Additionally, a brief English presentation related to the new segment structure is included as an attachment.
This reorganization does not impact Sampo’s previously reported group-level results or financial objectives for the years 2024-2026. The information provided is based on a press release statement.
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