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Sampo Group's profit before taxes for January-September 2013 rose to EUR 1,228 million compared to EUR 1,183 million in the comparison period.
- The result was excellent. The most striking fact is that all business areas succeeded very well in all market areas simultaneously, says Kari Stadigh, Group CEO and President.
Outlook for the rest of 2013
Sampo Group's business areas are expected to report good operating results for 2013.
However, the mark-to-market results are, particularly in life insurance, highly dependent on capital market developments. The low interest rate level also creates a challenging environment for reinvestment in fixed income assets.
The P&C insurance operations are expected to reach their long-term combined ratio target of below 95 per cent in 2013 and achieve a combined ratio of 88-90 per cent.
Nordea's contribution to the Group's profit is expected to be significant.
Please find Sampo Group's interim report for January-September 2013 as well as a Supplementary Financial Information Package at www.sampo.com/result.
For more information, please contact:
Maria Silander, Press Officer, tel. +358 10 516 0031
Sampo will today arrange a conference call at 4 pm Finnish time (2 pm UK time). The call is held in English. Please call +44 (0)20 7162 0077, +46 (0)8 5052 0110, +1 334 323 6201 or +358 (0)9 2313 9201. Please be ready to state the conference code '937722' and title 'Sampo plc Q3 Release'. The conference call can also be followed live at www.sampo.com/result.
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