Please note that the website might not function correctly using an outdated browser. We recommend updating your browser or using another one.
Sampo Group's profit before taxes for 2015 amounted to a record high EUR 1,888 million compared to EUR 1,759 million a year earlier. The total comprehensive income for the period, taking changes in the market value of assets into account, increased to EUR 1,564 million (1,179).
- Sampo Group's profit before taxes improved in all business areas in 2015. If P&C insurance and Nordea reported highest ever profits before taxes. Furthermore, in Mandatum Life insurance premiums on own account reached an all-time high, says Kari Stadigh, Group CEO and President.
- Combined ratio for 2015 was the best ever in If P&C's history. Combined ratio for the full year 2015 decreased to 85.4 per cent.
The profit and the combined ratio of the P&C insurance operations contain two non-recurring items (the reform of the pension system in If Norway and the lowering of the interest rate used in discounting annuities in Finland). Even adjusted for non-recurring items the combined ratio was better than ever before at 86.5 per cent. Combined ratio for the full year 2014 was 87.7 per cent.
The Board proposes to the Annual General Meeting a dividend of EUR 2.15 per share. A dividend of EUR 1.95 per share was paid for 2014. The proposed dividend payment amounts in total to EUR 1.2 billion.
Other key figures for 2015
Outlook for 2016
Sampo Group's business areas are expected to report good operating results for 2016.
However, the mark-to-market results are, particularly in life insurance, highly dependent on capital market developments. The continuing low interest rate level also creates a challenging environment for reinvestment in fixed income instruments.
The P&C insurance operations are expected to reach their long-term combined ratio target of below 95 per cent in 2016 by a margin.
Nordea's contribution to the Group's profit is expected to be significant.
Please find Sampo Group's Financial Statements Release for 2015 as well as Supplementary Financial Information Package at www.sampo.com/result.
For more information, please contact:
Maria Silander, Communications Manager, tel. +358 10 516 0031
Sampo will today arrange a Finnish-language press conference at Hotel Kämp, Paavo Nurmi meeting room (Pohjoisesplanadi 29, Helsinki) at 12:30 pm Finnish time.
An English-language conference call will be arranged at 4 pm Finnish time (2 pm UK time). Please call +44 (0)20 3194 0552, +1 855 716 1597, +46 (0)8 566 42 702 or +358 (0)9 8171 0495. The conference call can also be followed live at www.sampo.com/result.
The principal media