Sampo Group’s results for January - March 2009

SURPRISELESS QUARTER IN A DIFFICULT MARKET

Sampo Group’s profit before taxes for the first quarter of 2009 amounted to EUR 169 million (142). Earnings per share amounted to EUR 0.23 (0.18). Earnings per share, including the change in the fair value reserve, were EUR -0.12 (-0.39).

- Net asset value per share decreased to EUR 8.17 (8.28). The fair value reserve on the Group level was EUR -2,560 million (-2,364). Since the end of the reporting period net asset value (NAV) has improved significantly. The impact of appreciation of the values of Sampo Group’s investment assets net of tax was in excess of EUR 1.5 billion in April 2009. A dividend of EUR 449 million was paid on 21 April 2009.

- Profit before taxes in P&C insurance increased to EUR 144 million (64) and the combined ratio was 94.2 per cent (94.0).

- Profit before taxes in life insurance was EUR 27 million (64). Mandatum Life’s domestic premium income grew by more than 20 per cent while the Finnish life insurance market in general contracted.

- The segment ‘Holding’ reported a pre-tax loss of EUR -21 million (14) as a result of Sampo plc selling its Topdanmark shares to its fully-owned subsidiary If P&C Insurance Holding Ltd at a loss of EUR -19 million. The sales loss is eliminated in the consolidated accounts of Sampo Group.

- Sampo Group had on 31 March 2009 approximately EUR 1.4 billion of excess capital calculated as the difference between group solvency capital and the economic capital required for the operations.

Please find Sampo Group’s complete Interim Report January - March 2009, a webcast of Group CEO and President Kari Stadigh’s review of developments in the first quarter of 2009 and Supplementary Financial Information are available at www.sampo.com/ir.


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
Essi Nikitin, IR Manager, tel. +358 10 516 0066

An English-language telephone conference for investors and analysts will be held at 4 pm Finnish time (2 pm UK time). Please call +44 (0) 20 7162 0025 (UK/European) or +1 334 323 6201 (North American). Password: SAMPO.

The telephone conference can also be followed from a direct transmission on the Internet at www.sampo.com/ir. A recorded version will later be available at the same address.

Mandatum Life has today published the 2008 Embedded Value Report, which is available at www.sampo.com/ir.

Sampo will publish the second quarter 2009 interim report on 12 August 2009.

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