Brief: Sampo Q1 Pretax Profit Slightly Above Forecast At EUR 377 Million

Sampo Oyj

07/05/2025 06:48

May 7 (Reuters) - Sampo Oyj SAMPO.HE:

Q1 PRETAX PROFIT EUR 377 MILLION VERSUS. IBES ESTIMATE EUR 374.2 MILLION

Q1 NET INCOME EUR 285 MILLION

Q1 EPS EUR 0.11 VERSUS. IBES ESTIMATE EUR 0.1

Q1 UNDERWRITING PROFIT EUR 336 MILLION

Q1 COMBINED RATIO 84.6%

2025 OUTLOOK: GROUP INSURANCE REVENUE: EUR 8.8-9.1 BILLION (FROM EUR 8.7-9.0 BILLION), REPRESENTING GROWTH OF 5-9 PER CENT YEAR-ON-YEAR

2025 OUTLOOK: GROUP UNDERWRITING RESULT: EUR 1,400–1,500 MILLION (FROM EUR 1,350–1,450 MILLION), REPRESENTING GROWTH OF 6–14 PER CENT YEAR-ON-YEAR

CONDITIONS IN NORDIC AND UK P&C INSURANCE MARKETS IN WHICH WE OPERATE HAVE REMAINED VERY HEALTHY WITH RATIONAL COMPETITION

WE REMAIN CONFIDENT IN OUTLOOK FOR YEAR AND HAVE INCREASED ESTIMATED SYNERGIES FROM INTEGRATION OF TOPDANMARK SIGNIFICANTLY

AS A NORTHERN EUROPEAN P&C INSURER, Q1 IS TYPICALLY REPORTING PERIOD MOST INFLUENCED BY WEATHER

Source text: ID:nGNE2cNzjC

Further company coverage: SAMPO.HE

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))