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Sampo Group is a significant Nordic insurance group and one of the most valuable companies listed on Nasdaq Helsinki.
Sampo plc was listed on the Helsinki Stock Exchange (Nasdaq Helsinki) in 1988. The group companies have insurance operations in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia and the United Kingdom.
Sampo Group is made up of the parent company Sampo plc and its subsidiaries If P&C, Mandatum Life, Hastings and Topdanmark. Nordea, the Nordic banking group and Nordax, a leading niche bank in Northern Europe operating in consumer lending market, are Sampo plc's associated companies. Sampo plc holds 15.9 per cent of the shares in Nordea and 36.25 per cent of the shares in Nordax.
Sampo plc is the parent company of the group and it administers the insurance subsidiaries. Sampo plc also coordinates Sampo Group's investment operations, capital allocation, risk management, group accounts, investor relations, as well as legal and fiscal matters. The Managing Director of Sampo plc and the Group CEO is Mr Torbjörn Magnusson. Mr Björn Wahlroos acts as the Chairman of the Sampo Board. Sampo's office is located in Helsinki and it employs approximately 60 people.
If P&C is the largest P&C insurer in the Nordic Region. The CEO of If is Mr Morten Thorsrud. If's headquarter is located in Sweden and it operates through branch offices in Norway, Finland and Denmark. In addition, the company operates in all the Baltic countries and has offices in Germany, France, The Netherlands and Great Britain. If has approximately 6,900 employees and it is a fully owned subsidiary of Sampo plc.
Mandatum Life offers services in wealth management, rewards and personal risk insurance. The CEO of Mandatum Life is Mr Petri Niemisvirta. Mandatum Life's headquarter is located in Helsinki, Finland. In addition to Finland, Mandatum Life operates in all the Baltic countries. Mandatum Life has approximately 570 employees and it is a fully owned subsidiary of Sampo plc.
More about Mandatum Life
Mandatum Life's website
Hastings is one of the leading digital general insurance providers in the UK predominantly focused on serving UK car, van, bike and home insurance customers. Hastings has over 3 million customers and operates via its two main trading subsidiaries, Hastings Insurance Services Limited (trading as “Hastings Direct”) in the UK, and Advantage Insurance Company in Gibraltar, and employs over 3,300 colleagues. The CEO is Mr Toby van der Meer. Sampo plc owns 70 per cent of the company. Sampo has consolidated Hastings as a subsidiary since November 2020 in its financial reporting.
Topdanmark is the second largest non-life insurance company and a major life insurance company in Denmark. The Managing Director of Topdanmark is Mr Peter Hermann. The company operates in Denmark and has approximately 2,400 employees. Sampo plc owns 46.7 per cent of the company. Sampo has consolidated Topdanmark as a subsidiary since September 2017 in its financial reporting.