Sampo’s result exceeded the forecast – the company raised its guidelines

Insurance company Sammon insurance premium income was 2.44 billion euros in April–June. At the same time last year, premium income was 2.26 billion euros.

Insurance premium income exceeded Modular Finance forecast compiled by 16 analysts. Analysts expected insurance premium income of 2.40 billion euros from the company.

Sampo’s underwriting result in the second quarter was 418 million euros. In April–June last year, the result was 393 million euros.

The underwriting result is the result of insurance operations after all expenses. It is a key part of the company’s operating result.

The result exceeded the analyst forecast. The forecast for the underwriting result collected by Modular Finance was 409 million euros.

The group’s gross fee income increased to EUR 2.68 billion in the review period. At the same time last year, gross fee income was 2.54 billion euros.

Gross fee income exceeded the analyst forecast. Analysts were expecting gross fee income of 2.65 billion euros.

Sampo’s earnings per share in April–June were EUR 0.17, compared to EUR 0.16 a year earlier. The result per share was below the analyst forecast, as the result was 0.19 euros.

Sampo raised its guidelines for the current year. The company now expects the premium income for 2026 to be EUR 9.70–9.85 billion and the underwriting result to be EUR 1,550–1,625 million. Previously, the company estimated the premium income to be EUR 9.60–9.80 billion and the underwriting result to be EUR 1,525–1,625 million, states the company’s press release.

Growth in the Nordic countries

Sampo enters the second half of 2026 in a strong operational mood, and thanks to advanced operational capabilities, the company has good conditions for continuing attractive and sustainable organic growth, CEO Morten Thorsrud states in the announcement.

“Our personal customer business in the Nordics continued its sustainable growth, with payment income strengthening by a comparable 4.8 percent. The growth was supported by the growth of insured objects and the number of customers in the Nordics, while customer loyalty remained high and mostly stable,” says Thorsrud.

“Our investments in pricing capabilities and digital product development have enabled stable growth to continue even in the Personal customers in Great Britain segment. Our number of customers increased by approximately 180,000 customers, which corresponds to a 4 percent increase compared to the previous quarter and a 13 percent increase year-on-year,” commented Thorsrud.

Sampo’s net financial result in April–June was 220 million euros, compared to 185 million euros a year earlier. Both investment income and, for example, changes in discount rates affect the net financial result.

Thorsrud points out that investment returns recovered after the swing at the beginning of the year. Net income from investment increased to EUR 360 million in the quarter, which more than compensated for the net losses caused by changes in market values ​​in the first quarter.

After the review period, in mid-July, a fire in a residential area in Drammen, Norway, caused the company an estimated damage of around 15 million euros.

The company also said that it will continue its own share buyback program of EUR 350 million, which it started in May, and which will end at the end of October at the latest.

The news is based on the company’s stock exchange release and analyst forecast, if one has been available. The news has been prepared by artificial intelligence and checked and supplemented by the editor before publication.