Sampo Group’s results for January-March 2026

Sampo plc, interim statement, 6 May 2026 at 8:30 am EEST

Sampo Group’s results for January-March 2026

• Continued solid top-line growth in private and SME lines in the Nordics, partly offset by muted development in larger corporate business lines and in the UK.
• The underwriting result strengthened by 9 per cent on a currency adjusted basis to EUR 368 million, and the combined ratio stood strong at 84.4 per cent.
• Robust operating EPS performance, while the reported EPS was burdened by volatile market value movements amid geopolitical uncertainty.
• Following the strong first quarter performance, the outlook for the 2026 underwriting result has been raised to EUR 1,525-1,625 million from EUR 1,485-1,600 million.
• Sampo will launch a new EUR 350 million share buyback programme based on the 2025 operating result and the sale of NOBA shares in February 2026.
• Solvency II coverage remained robust at 174 per cent, net of distribution accrual and the new buyback programme, and financial leverage amounted to 23.7 per cent.
• Estimated potential effect from the Danish court ruling on workers’ compensation is expected to be covered with Sampo’s existing reserves.

“The first quarter of 2026 provided a solid foundation for attractive value creation over the year and demonstrated the resilience of Sampo’s unique profile as a well-diversified, leading P&C insurer in the region,” says Morten Thorsrud, Sampo Group CEO.

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