Sampo Oyj · OMXHEX:SAMPO
Sampo Oyj — Investor Day (September 2015)
13 slides from Sampo Oyj's investor day presentation, Sep 11, 2015
Slide 1: Framework for solvency in Sampo Group
Framework for solvency in Sampo Group Capital Markets Day, September 11th 2015 CFO Peter Johansson
Slide 2: 1. Present framework for solvency in Sampo Group
03/09/2015 1. Present framework for solvency in Sampo Group 2
Slide 3: Present Regulatory Framework for solvency in Sampo Group, 30 June 2015
03/09/2015 Present Regulatory Framework for solvency in Sampo Group, 30 June 2015 EURm Solvency I and Nordea with adjustment to Basel I floor 14,000 Group solvency ratio 194% 12,000 1,622 2,825 10,000 8,000 6,000 5,047 Sampo plc 10,991 9,788 68 Nordea 4,000 3,826 Life 2,000 P&C 280 873 0 3
Slide 4: Present Internal framework for solvency in Sampo Group
03/09/2015 Present Internal framework for solvency in Sampo Group Group economic capital and solvency, 30 June 2015 EURm 11,000 10,373 *) 313 10,000 **) 273 9,000 8,000 7,000 6,000 853 5,000 3,469 9,788 4,000 3,000 5,876 1,320 2,000 1,000 1,939 0 If P&C Mandatum Sampo plc's Diversific. Group EC Adj.
Slide 5: 2. Solvency II in Sampo Group as of 1.1.2016
03/09/2015 2. Solvency II in Sampo Group as of 1.1.2016 5
Slide 6: Solvency II developments
03/09/2015 Solvency II developments Mandatum Life • The Finnish FSA issued its decision to approve the use of transitional measures on August 11, 2015 If P&C Group • If Group aims to use a Partial Internal Model (PIM) for Solvency II Solvency II rules will replace EC models both in Mandatum Life and
Slide 7: Mandatum Life
Mandatum Life 03/09/2015 Solvency II Capital Requirement (SCR) and Own Funds 30.6.2015 With transitional measures. Equity risk transitionals decrease market risk and SCR, while transitional measures of technical provisions increase own funds Equity Technical transitional provisions Without transitio
Slide 8: Solvency II and S&P Capital Model Q2/2015 If P&C Insurance
03/09/2015 Solvency II and S&P Capital Model Q2/2015 If P&C Insurance EURm Solvency II S&P 4,500 A BBB 4,000 3,500 3,000 2,500 2,000 3,965 3,866 3,866 1,500 3,063 2,342 1,000 1,779 500 0 Solvency II SCR Total Target Total Target capital available capital avalable capital capital capital 8
Slide 9: Group capital and solvency 30 June 2015
03/09/2015 Group capital and solvency 30 June 2015 Solvency ratio 148% EURm 11,000 10,373 *) 313 10,000 **) 273 9,000 8,000 7,027 7,000 72 6,000 5,000 3,826 9,788 4,000 3,000 1,350 2,000 1,000 1,779 0 If P&C Mandatum Life Sampo plc's Other Total capital Adjusted (PIM****) (SCR***) share of requireme
Slide 10: Sampo Group capital and solvency Sensitivities under Solvency II, 30 June 2015
03/09/2015 Sampo Group capital and solvency Sensitivities under Solvency II, 30 June 2015 Interest Rates Interest Rates Equity Spread EURm -25bp +25bp -10% +50bp Group 12,000 148% 146% 149% 147% 146% Solvency Ratio 10,000 8,000 6,000 10,373 10,202 10,530 10,034 10,241 4,000 7,027 7,003 7,053 6,809 7
Slide 11: 3. Solvency II and Basel III
03/09/2015 3. Solvency II and Basel III 11
Slide 12: Solvency II and Basel III Group Solvency, Q2/2015
03/09/2015 Solvency II and Basel III Group Solvency, Q2/2015 Basel IV? EURm EURbn ASC / SCR & B III floor 148% 12,000 REA 150 ASC / SCR & B III EU/Finnish 158% Basel I floor 75 ASC / SCR & Basel III 132% 10,373 225 10,000 * 273 ** 313 Min. 8% 18 21.25% 3,826 7,940 8,000 7,024 68 68 6,540 Sampo plc 6
Slide 13: Framework for solvency in Sampo Group
Framework for solvency in Sampo Group Capital Markets Day, September 11th 2015 CFO Peter Johansson