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Sampo Group's profit before taxes for the fourth quarter of 2018 amounted to EUR 451 million, compared to EUR 436 million in the comparison period. Full-year profit before taxes for 2018 amounted to EUR 2,094 million (2,482).
- Sampo Group's insurance business, once again, reported excellent results and the number of customers increased in all markets for the second year in a row. Sampo's Board of Directors propose that the dividend be increased for the tenth consecutive year, says Kari Stadigh, Group CEO and President.
If's combined ratio for 2018 was 85.2 per cent. Previous year, the combined ratio amounted to 85,3 per cent.
The Board proposes to the Annual General Meeting to be held on 9 April 2019 a dividend of EUR 2.85 per share. A dividend of EUR 2.60 per share was paid for year 2017. The proposed dividend payment amounts in total to EUR 1,583 million (1,444).
Other Key Figures for 2018
Outlook for 2019
Sampo Group's business areas are expected to report good operating results for 2019.
However, the mark-to-market results are, particularly in life insurance, highly dependent on capital market developments. The continuing low interest rate level also creates a challenging environment for reinvestment in fixed income instruments.
If is expected to reach a combined ratio of 86 - 90 per cent in 2019.
With regard to Topdanmark reference is made to the profit forecast model that the company publishes quarterly.
Nordea's contribution to the Group's profit is expected to be significant.
Sampo Group's Full-year Financial Report 2018 and Supplementary Financial Information Package are available at www.sampo.com/result.
Sampo will today arrange a press conference at Restaurant Palace (10th floor), Eteläranta 10, Helsinki at 1:00 pm Finnish time. Languages used at the press conference are English and Finnish.
To attend the press conference and for interview requests please contact Mirko Hurmerinta via e-mail, email@example.com
The press conference can also be followed as a live webcast at www.sampo.com/result. A recorded version will later be available at the same address.
An English-language conference call for investors and analysts will be arranged at 5 pm Finnish time (3 pm UK time). Please call +44 (0)333 300 0804, +1 631 913 1422, +46 (0)8 5664 2651 or +358 (0)9 8171 0310. Confirmation code: 69958632#. The conference call can also be followed live at www.sampo.com/result. A recorded version will later be available at the same address.
For more information, please contact:
IR & Communications Specialist, Media Relations
tel. +358 10 516 0032
The principal media