Sampo Group’s results for January–September 2025

Core Viewpoint - Sampo Group has demonstrated strong financial performance in the first three quarters of 2025, with significant growth in gross written premiums (GWP) and net profit, leading to an increase in the operating EPS target for 2024-2026 to more than 9% annually on average [2][13]. Financial Performance - Gross written premiums for Q3 2025 reached EUR 2,218 million, a 6% increase from EUR 2,088 million in Q3 2024, while year-to-date GWP rose by 10% to EUR 8,461 million from EUR 7,718 million [3]. - Insurance revenue, net for Q3 2025 was EUR 2,303 million, up 8% from EUR 2,137 million in Q3 2024, and year-to-date revenue increased by 9% to EUR 6,755 million from EUR 6,214 million [3]. - The underwriting result improved by 5% in Q3 2025 to EUR 392 million, and year-to-date it rose by 17% to EUR 1,121 million [3]. - Net profit for Q3 2025 was EUR 757 million, a 136% increase from EUR 320 million in Q3 2024, while year-to-date net profit increased by 50% to EUR 1,460 million from EUR 973 million [3]. - Reported EPS for Q3 2025 was EUR 0.28, a 122% increase from EUR 0.13 in Q3 2024, and year-to-date EPS rose by 40% to EUR 0.54 from EUR 0.39 [3]. Strategic Developments - The Group's organic growth strategy is yielding results, with a notable 10% GWP growth in the Private Nordic segment for four consecutive quarters [2][11]. - The integration of Topdanmark is progressing well, achieving EUR 24 million in synergies ahead of schedule, with a target of EUR 140 million by 2028 [12]. - Sampo plans to initiate a EUR 150 million share buyback program funded by proceeds from the IPO of NOBA, which generated around EUR 150 million for the Group [14]. Market Position and Outlook - Sampo is positioned as the largest P&C insurer in the Nordic region, with ambitions to become a market leader in individual countries [10]. - The Group expects to outpace market growth in Nordic personal insurance, private property, and SME segments, as well as in digitally sold UK motor and home insurance [10]. - The outlook for 2025 remains consistent with the Group's financial targets, aiming for a combined ratio below 85% and operating EPS growth of more than 9% annually on average [18].