Sampo Group’s results for January - September 2009
Stock Exchange Release - 11/04/2009 at 09:30 AMTotal comprehensive income for the period, taking changes in the market value of assets into account, rose to EUR 3,524 million (-743). Sampo Group reported a profit before taxes for January - September 2009 of EUR 625 million (664). Earnings per share amounted to EUR 0.88 (0.91). Earnings per share, including the change in the fair value reserve, shot up to EUR 6.05 (-1.19).
- Sampo Group’s net asset value per share increased to EUR 13.76 (8.28). The fair value reserve on the Group level rose by more than EUR 2.9 billion from the end of 2008 and was EUR 538 million (-2,364).
- Profit before taxes in P&C insurance increased to EUR 476 million (395) and the combined ratio remained stable at 92.0 per cent (91.8). The third quarter profit at fair value was higher than ever before in If P&C’s history.
- Profit before taxes in life insurance was EUR 85 million (114). Marked to market profit rose to EUR 535 million (-327). Premium income grew 35 percent to EUR 513 million (381). Market share in unit-linked insurance in Finland grew to 26.6 per cent (20.9).
- The segment ‘Holding’ reported a profit before taxes of EUR 41 million (155). The profit contains EUR 80 million of dividends (130) received from Nordea in April 2009.
- Sampo’s Board applied on 27 August 2009 from the Swedish Financial Supervisory Authority for permission to increase the holding in Nordea Bank AB (publ) above 20 per cent. The permission was granted on 20 October 2009. On 2 November 2009 Sampo plc held 802,759,000 Nordea shares and owned 19.88 per cent of company’s total capital. Average price paid per share amounted to EUR 6.38. Nordea’s closing price on 2 November 2009 was EUR 7.29.
Please find Sampo Group’s complete Interim Report January - September 2009, a webcast of Group CEO and President Kari Stadigh’s review of developments in the third quarter of 2009 and Supplementary Financial Information 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
A telephone conference in English for investors and analysts on the third quarter results will be held at 4 pm Finnish time (2 pm UK time). Please call +44 207 162 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.
Sampo will publish the full-year 2009 Financial Statement Release on 11 February 2010.
DISTRIBUTION:
NASDAQ OMX Helsinki
The principal media
Financial Supervisory Authority
www.sampo.com
