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Sampo Group’s mark-to-market result reached an all-time high

Sampo Group broke many records during 2009. Sampo Group's total comprehensive income for the period, taking changes in the market value of assets into account, surged to EUR 3,423 million (-2,254). Both P&C insurance and life insurance business areas produced their highest ever mark-to-market results. Group's net asset value per share amounted to a new record of EUR 14.63 (8.28).

- Excellent result indeed, Kari Stadigh, Group CEO and President says.

The reported profit before taxes for 2009 amounted to EUR 825 million (870). Earnings per share amounted to EUR 1.14 (1.18).

The profit before taxes in the P&C insurance operation rose to EUR 644 million (549) and the mark-to-market result increased to EUR 1,353 million (-19). The insurance technical performance remained sound with a combined ratio of 92.1 per cent for the full year 2009 (91.8).

Reported profit before taxes for the life insurance operation amounted to EUR 121 million (140) but the mark-to-market result increased to EUR 658 million (-511).

Profit before taxes for the ‘Holding' segment decreased to EUR 36 million (180), which contains EUR 80 million (130) of dividends received from Nordea.

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.

- Given our strong capitalization and our very good result last year, we propose to raise the dividend by 25 per cent, Kari Stadigh says.

Sampo's Board proposes to the Annual General Meeting a dividend of EUR 1.00 per share (0.80).

The Board has today decided to change the existing dividend policy. According to the new policy total annual dividends paid will be higher than 50 per cent of Group's net profit for the year (excluding extraordinary items). In addition share buy-backs can be used to complement the cash dividend. The new policy will for the first time be applied to the dividend paid for 2010.

The Financial Statement Release for January-December 2009, Group CEO and President Kari Stadigh's video interview and supplementary financial information are available at

Sampo will arrange a Finnish-language press conference on the 2009 results at Pörssitalo, Fabianinkatu 14 Helsinki, today at 12.30 pm Finnish time. An English-language telephone conference will be held at 4 pm Finnish time (3 pm CET). Please call +44 (0) 20 7162 0125 (UK/Europe) or +1 334 323 6203 (North America). Password: SAMPO. The telephone conference can also be followed from a direct transmission on the Internet at

For more information, please contact:

Maria Silander, Press Officer, tel. +358 10 516 0031

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