13. Aug 2026
Description
(AWP Alliance News) - Sampo's Q2 2026 earnings call transcript showed management raised its full-year outlook, targeting 7%-9% insurance revenue growth and 4%-9% underwriting result growth, with CEO Morten Thorsrud and CFO Lars Beck on the call. Thorsrud flagged a preliminary EUR 15 million claim from a large residential fire in Drammen, Norway, primarily affecting the Private Nordics segment, which was incorporated into the guidance range.
Beck reported Q2 net gains of EUR 240 million in the core investment portfolio, split roughly evenly between fixed income and equities, partly offset by weaker moves in legacy holdings NOBA and Nexi, lifting total net investment income to EUR 360 million. Beck said the solvency ratio was 174%, noting the symmetric adjustment rose to nearly 9% and would imply 180% solvency without it.
Thorsrud said UK pricing trends improved from Q1 to Q2 but the cycle had not fully turned, while customer additions of about 180,000 helped drive 7.6% like-for-like UK growth and Nordic Commercial grew 8.6% like-for-like, boosted by SME momentum and a Denmark personal insurance deal covering 40,000 pensioners.
https://docs.publicnow.com/950810E36CEF8F32337AD99B965363D4F0D1FB09
Disclaimer: This news brief was created using generative artificial intelligence. Sampo Oyj published the original content used to generate this news brief on August 13, 2026, and is solely responsible for the information contained therein.
