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Sampo Group´s results for 2009 and dividend proposal

Mark-to-market result reached an all-time high

Sampo Group's total comprehensive income for the period, taking changes in the market value of assets into account, surged to EUR 3,423 million (-2,254). The profit before taxes for 2009 amounted to EUR 825 million (870).

  • Earnings per share amounted to EUR 1.14 (1.18) and EPS, including the change in the fair value reserve, rose to EUR 5.88 per share (-3.52). Without the change in the accounting treatment of Sampo's holding in Nordea, EPS, including the change in the fair value reserve, would have been more than one euro higher. The return on equity for the Group was 53.7 per cent for 2009 (-32.4).
  • The Board proposes to the Annual General Meeting to be held on 13 April 2010 a dividend of EUR 1.00 per share (0.80).
  • Net asset value per share amounted to EUR 14.63 (8.28). The fair value reserve after tax on the Group level increased to EUR 296 million (-2,364).
  • The P&C insurance operation produced its highest ever mark-to-market result of EUR 1,353 million (-19). The insurance technical performance remained sound with a combined ratio of 92.1 per cent for the full year 2009 (91.8). The profit before taxes rose to EUR 644 million (549). Return on equity was 53.2 per cent (-0.8).
  • Reported profit before taxes for the life insurance operation decreased slightly to EUR 121 million (140) but the mark-to-market result was the highest ever at EUR 658 million (-511). The return on equity at market value was 97.6 per cent (-68.8).
  • Profit before taxes for the ‘Holding' segment decreased to EUR 36 million (180). The fair value reserve increased to EUR -3 million (-1,759).

Sampo Group's complete Financial Statement Release 2009, Group CEO and President Kari Stadigh's video interview and supplementary information are available at www.sampo.com/result.

For more information, please contact:

Peter Johansson, Group CFO, tel. +358 10 516 0010
Jarmo Salonen, Head of Investor Relations and Group Communications, tel. +358 10 516 0030
Maria Silander, Press Officer, tel. +358 10 516 0031

Sampo will arrange a Finnish-language press conference on the 2009 results at Pörssitalo, Fabianinkatu 14 Helsinki, today at 12.30 pm Finnish time. An English-language telephone conference for investors and analysts will be held at 4 pm Finnish time (3 pm CET). Please call +44 (0) 20 7162 0125 (UK/European) or +1 334 323 6203 (North American). Password: SAMPO. The telephone conference can also be followed from a direct transmission on the Internet at www.sampo.com/result. A recorded version will later be available at the same address.

Sampo will publish the first quarter 2010 interim report on 5 May 2010 and the Annual Report 2009 in week 11.

DISTRIBUTION:
NASDAQ OMX Helsinki
The principal media
Financial Supervisory Authority
www.sampo.com

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