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In Nasdaq Helsinki, the ticker for Sampo’s A share is SAMPO and ISIN number FI0009003305.
Sampo was listed on Helsinki Stock Exchange, known today Nasdaq Helsinki, on 14 January 1988.
Sampo has profiled itself as a dividend company and our shareholders expect us to pay high and stable dividend. In addition, we have very strong balance sheet, which gives us ability to pay high dividends.
Sampo distributes its dividend annually, usually in spring. The dividend distribution is decided by the Annual General Meeting, which is usually held in April.
Sampo's schedule for financial reporting are affected by the reporting schedule of the subsidiary Topdanmark and associate Nordea. We have to wait them to publish their reports before we are able to start working on our report. This will also push the AGM and dividend payment further the spring. Before we pay dividend to our shareholders, we wish to collect internal dividends from our subsidiaries and associates.
If's competitors are all Nordic P&C insurance companies and many of them operate locally only in one country. Main competitors are OP and LähiTapiola in Finland, LF and Folksam in Sweden and Tryg and Gjensidige in Norway. In Denmark, If and Topdanmark compete against Tryg and Codan.
Mandatum Life's main competitors are companies that offer life insurance and wealth management products and services in Finland, for example OP, Nordea, LähiTapiola, Fennia, Evli and eQ.
Nordea competes against Nordic and local banks. Larger competitors are, among others, Handelsbanken, SEB, Swedbank, OP, Danske Bank and DNB.
All kind of risks that cause turbulence in the fixed income and stock markets affect Sampo Groups investment activities. From an operational point of view, political risks in our home markets, in the Nordics are relatively small. Main risks are potential changes in taxation and regulation in the finance sector.
Read more about Sampo Group’s risk management here.
Sampo has detailed plans in case of changes in personnel when the time comes.
Especially If has very large weight in fixed income. It can be explained by two factors: dividends and credit rating. When it comes to return on equity, our objective is to keep If's balance sheet light and efficient. However, at the same time, the high credit rating and ability to pay large dividends require strong solvency. Thus, the risk profile of If's investment portfolio must be low. In addition, the group level profit performance benefits from the fact that If's profit is based on successful risk assessment and pricing i.e. underwriting rather than profits from investments. Mandatum Life, on the other hand, usually takes more equity risk.
Vast amount of Sampo’s investments are fixed income investments. Thus, rising interest rates would increase returns when assets are re-invested in fixed income. In addition, higher rates would lead to higher discount rates for technical provisions and improved interest margins for Nordea.
The state of the Nordic housing market affects especially Nordea through its lending business. However, significant disorder in the housing market would be reflected to the whole economy, which would be negative for Sampo and for all Nordic companies as well.