Latest Outlook

Financial Statement Release 02/11/2010

Markets have once again proved their resilience and the clouds of systemic collapse have evaporated from the financial market. In early 2010 expectations of economic recovery have risen significantly and confidence has largely been restored in the capital markets. Equities are expected to continue to perform well with current low interest rates and the short end of the yield curve is not expected to move upwards any time soon.

Sampo Group is expected to report a good result for 2010 on the back of stable insurance technical results supported by solid investment performance and the profit contribution of the associated company Nordea Bank.

If P&C is expected to reach its long-term combined ratio target of below 95 per cent in 2010 and profit-wise produce another excellent year. The macro economic situation will continue to dampen the premium growth but has a limited impact on profitability.

Mandatum Life's mark-to-market profit is highly dependent on capital markets and is expected to remain good. Reported profit is foreseen to reach year 2009 level. The company seeks further growth in the unit-linked volumes.

As of 1 January 2010 Sampo will consolidate its share of Nordea's profit with equity method. Nordea's contribution to the Group profit is expected to be significant.