SAMPO Sampo Oyj Class A

Sampo on julkaissut täydennyksen Mandatumin jakautumisesitteeseen

Sampo on julkaissut täydennyksen Mandatumin jakautumisesitteeseen

SAMPO OYJ                PÖRSSITIEDOTE        29.9.2023 klo 8.30



Sampo on julkaissut täydennyksen Mandatumin jakautumisesitteeseen

Sampo on julkaissut täydennyksen jakautumisesitteeseen, jonka Sampo on laatinut ja julkaissut Mandatum Oyj:n puolesta Sampo Oyj:n osittaisjakautumisen toteuttamiseksi ja Mandatumin osakkeiden listaamiseksi Nasdaq Helsinkiin. Täydennysdokumentti sisältää tietoja henkivakuutuskannan luovutusta koskevasta liiketoiminnan kauppakirjasta, jonka Mandatum on solminut If Livförsäkringin AB:n Suomen sivuliikkeen kanssa. Finanssivalvonta on hyväksynyt täydennyksen suomenkielisen version. Dokumentti on saatavilla aiemmin julkaistun jakautumisesitteen ja täydennysdokumenttien sekä niiden epävirallisten englanninkielisten käännösten ohella osoitteessa .

Sammon 17.5.2023 järjestetty varsinainen yhtiökokous hyväksyi hallituksen ehdotuksen Mandatumin eriyttämiseksi Sampo-konsernista osittaisjakautumisen kautta. Jakautumisessa Mandatum Holding Oy:n osakkeet sekä niihin liittyvät varat ja velat siirtyisivät selvitysmenettelyttä Mandatum Oyj:lle. Jakautumissuunnitelman mukaan Sammon osakkeenomistajat saisivat jokaista omistamaansa Sampo Oyj:n A- tai B-osaketta kohden yhden uuden osakkeen Mandatum Oyj:sta, joka perustettaisiin jakautumisen täytäntöönpanopäivänä, jonka odotetaan olevan 1.10.2023.

SAMPO OYJ

Sijoittajasuhteet ja konserniviestintä



Lisätiedot:

Sami Taipalus

johtaja, sijoittajasuhteet

puh. 010 516 0030



Jakelu:

Nasdaq Helsinki

Nasdaq Tukholma

Lontoon pörssi

Keskeiset tiedotusvälineet

Finanssivalvonta



EN
29/09/2023

Underlying

SAMPOSampo Oyj Class A

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Reports on Sampo Oyj Class A

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Sampo Oyj (Buy, TP: EUR47.00) - Set for capital release in H2

Despite the harsh winter weather, strong financials helped offset the soft underwriting result. Through continued repricing ahead of claims inflation, If P&C saw the underlying risk ratio improve 0.3%-points and local currency premium growth of 7.6% YOY. With the new solvency model approved, we continue to expect capital distributions in connection with the Q2 report. Based on ~2% positive EPS revisions for 2025–2026e, we reiterate our BUY and EUR47 target price.

SAMPO SAMPO OYJ CLASS A
05/07/24 May 7, 2024 1 EN
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TRYG TRYG A/S ... (+4)

Repricing the tonic for bad weather

We expect above-normal weather-related claims in Q1 as a result of heavy rain and snowfall (and record-low temperatures) in the Nordics at the start of the year. On the positive side, we believe the non-life insurers should see the effects of 2023’s repricing efforts, while their latest CMD presentations leave us confident the sector remains committed to maintaining underwriting discipline. Tryg is our top pick in the Nordic P&C sector, while we also reiterate our BUYs on Sampo and Gjensidige an...

SAMPO SAMPO OYJ CLASS A
TRYG TRYG A/S
TOP TOPDANMARK A/S
GJF GJENSIDIGE FORSIKRING ASA
04/04/24 April 4, 2024 1 EN
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Sampo Oyj (Buy, TP: EUR47.00) - Capital and underwriting discipline

Underwriting improvements and capital generation were again in focus at the CMD. For 2024–2026, Sampo targets a lower group combined ratio of 7% annual growth in operating EPS, which it believes together with further capital optimalisation and a reduced Solvency II target of 150–190% should generate EUR4bn+ in deployable capital by 2026. We have made limited estimate revisions, and reiterate our BUY and EUR47 target price.

SAMPO SAMPO OYJ CLASS A
03/06/24 March 6, 2024 1 EN
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Sampo Oyj (Buy, TP: EUR47.00) - Building a strong P&C foundation

At the CMD due on 6 March, we will look for an update on utilising the renewed P&C focus to drive If P&C improvements and the UK turnaround in Hastings. We expect Sampo to target a combined ratio below 83% by 2026, driven by a combined ratio below 82% in If P&C. Having exited Mandatum and Nordea, we believe the lower capital requirements should allow for further excess capital distributions as the solvency target drops to 150–170%. We reiterate our BUY and have raised our target price to EUR47 (...

SAMPO SAMPO OYJ CLASS A
02/26/24 February 26, 2024 1 EN
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Sampo Oyj (Buy, TP: EUR45.00) - Continued strong underwriting

Q4 PTP increased significantly YOY, driven by improved underwriting and a strong investment result. If P&C reported a Q4 combined ratio of 83.1% and a 0.7%-points improvement in the underlying claims ratio. Sampo continues to price ahead of expected claims inflation and is seeing claims frequency in line with its expectations. We have raised our 2024–2025e EPS by 2% on the back of improved underwriting in If P&C and strong growth in Hastings. We reiterate our BUY and EUR45 target price.

SAMPO SAMPO OYJ CLASS A
02/08/24 February 8, 2024 1 EN

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