Sampo Oyj · OMXHEX:SAMPO
Sampo Oyj — FY2021 Earnings Presentation
76 slides from Sampo Oyj's earnings presentation, Feb 9, 2022
Slide 1: Investor presentation January–December 2021
Investor presentation JANUARY – DECEMBER 2021
Slide 2: Sampo Group 2021 results
Sampo Group 2021 results 9 February 2022 9 February 2022 2
Slide 3: Disclaimer
Disclaimer This presentation may contain forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Sampo believes that the expectations reflected in such forward looking statements are reasonable, no assuran
Slide 4: 2021: Strong financial results across the board
2021: Strong financial results across the board Excellent P&C underwriting margins Strong underlying P&C trends and positive Nordic market outlook Investment returns supported by good momentum in the capital markets Nordea stake reduced to 6%, Hastings ownership increased to 100% Dividend proposal o
Slide 5: Strong financial results across all Sampo Group operations
Strong financial results across all Sampo Group operations PBT, excl. eo. items, EURm P&C underwriting profit, EURm Combined ratio, % +32% 2,500 1,400 1,282 85% -2.0%-p -1.1%-p 2,189 1,200 84.1 % 2,000 967 84% 1,541 1,000 83.4 % 1,500 800 83.0 % +20% 83% 1,000 600 486 452 400 297 82% 248 500 200 81.
Slide 6: If P&C combined ratio improved by 0.8%-points in 2021
If P&C combined ratio improved by 0.8%-points in 2021 2021 combined ratio • Underwriting result of EUR 891 million (802) driven by strong profitability and healthy growth, Q4 2021 EUR 210 million (213) • Risk ratio improved by 1.2%-p in Q4 and 1.2%-p in 12M (adj. for large claims, severe weather, pr
Slide 7: If P&C gross written premiums increased by 4.3% in 2021
If P&C gross written premiums increased by 4.3% in 2021 2021 GWP growth Q4 2021 GWP growth • Total organic growth in 2021 of 4.3% (excl. FX), supported by strong development in Norway and Baltic • Q4 BA Private premium growth affected by weaker new If total 4.3% If total 5.0% car sales in all Nordic
Slide 8: If P&C – Strong customer growth and satisfaction with record-high retention
If P&C – Strong customer growth and satisfaction with record-high retention in BA Private Number of customers, million Customer satisfaction, NPS Customer retention, % households 89% 90% 90% 90% 2% CAGR 61 60 3.2 59 57 2018 2019 2020 2021 2018 2019 2020 2021 2018 2019 2020 2021 9 February 2022 8
Slide 9: If P&C – Digital leadership through the entire value chain
If P&C – Digital leadership through the entire value chain Example BA Private Digital sales, MEUR eService Online claims Online sales, MEUR Online claims share of total claims, R12M 138 MEUR 11 million >50% 140 annual digital annual logins to online share of sales My Pages 60% total claims 12 120 10
Slide 10: If P&C's digital leadership is supporting its strategic initiatives
If P&C’s digital leadership is supporting its strategic initiatives Customer orientation Best in risk • High and stable customer retention with >90% of NPS • Underwriting result grew by 11% in 2021 Underwriting result BA Private EURm private customers renewing their insurance reflecting strong under
Slide 11: Hastings: solid results in competitive market conditions
Hastings: solid results in competitive market conditions Underwriting profit (million) • Live customer policies up 1% in the fourth quarter and 2% year-on-year, supported by continued high and above market average retention rates 180 +23% EURm 164 160 20 141 140 121 • Rate reductions observed across
Slide 12: Integration of Hastings progressing according to plan
Integration of Hastings progressing according to plan Collaboration progressing as planned QS cession reduced to 35% (from 50%) RI optimisation to enhance Hastings’ PBT Example topics New pricing Use cases for If As a Sampo Group company, Hastings is able to Near term P&L benefits driven mainly by r
Slide 13: Mandatum: strong performance and continued solid growth
Mandatum: strong performance and continued solid growth Mandatum Life solvency II ratio, % Unit-linked and other client assets, EURbn 220% 214% 12 11.1 10.6 200% 10 188% 190% 9.2 182% 8.7 180% 176% 176% 8 160% 6 140% 4 120% 2 100% 0 2017 2018 2019 2020 Q3/21 Q4/21 2019 2020 9/2021 12/2021 • Decrease
Slide 14: Sampo is performing well ahead of 2021-2023 financial targets
Sampo is performing well ahead of 2021-2023 financial targets Financial target 2021 result • Mid-single digit growth in UW profit • 32% (19% adjusting for the Hastings acquisition annually on average (ex COVID-19 effects) and reported COVID-19 effects) • Group combined ratio <86% • 81.4% (83.1% excl
Slide 15: Strong solvency and leverage enable attractive capital returns
Strong solvency and leverage enable attractive capital returns Sampo Group Solvency II ratio, % Sampo Group financial leverage, % Own funds: EURm 13,354 EURm 10,924 IFRS equity: EURm 13,316 EURm 13,464 SCR: EURm 6,343 EURm 5,905 Financial debt: EURm 4,427 EURm 4,210 260% 30% Target: <30% 25% -13% 4.
Slide 16: DPS proposal of EUR 4.10 reflects strong results and strategic progress
DPS proposal of EUR 4.10 reflects strong results and strategic progress Sampo Group capital returns 2020-2021 Insurance dividend Additional dividend Buyback Propose EUR 4.1 p/s total dividend, of which EUR 1.7 is the Insurance DPS EUR 1.4 p/s EUR 4.1 p/s Insurance DPS increase of 6%, supported by un
Slide 17: Outlook for 2022
Outlook for 2022 Sampo Group’s P&C insurance operations are expected to achieve underwriting margins that meet the annual targets set for 2021-23. At group level, Sampo targets a combined ratio of below 86 per cent, while the target for its largest subsidiary, If P&C, is below 85 per cent. Hastings
Slide 18: Sampo Group
SAMPO GROUP 9 February 2022 18
Slide 19: Financials
Financials 9 February 2022 19
Slide 20: Group key figures
Group key figures EURm 2021 2020 Change, % 10-12/2021 10-12/2020 Change, % Profit before taxes 3,171 380 735 1,197 -675 - If 1,077 901 20 260 285 -9 Topdanmark 346 167 107 89 82 9 Hastings 127 -16 - 11 -16 - Mandatum 291 154 89 91 54 67 Associates 1,311 -722 - 679 -1,030 - Holding (excl. Associates)
Slide 21: Major accounting effects in Sampo Group's P&L 2021
Major accounting effects in Sampo Group’s P&L 2021 Effects on net income treated as extraordinary items in accordance with Sampo’s dividend policy Item, pre-tax Q1/2021 Q2/2021 Q3/2021 Q4/2021 2021 Nordea, reversal of impairment loss for sold shares 93 144 351 588 Nordea, reversal of impairment loss
Slide 22: Profit before taxes and EPS by quarters
Profit before taxes and EPS by quarters EURm EUR 1,500 2.50 1,197 1.89 2.00 1,000 1.50 710 0.99 632 632 0.93 1.00 0.82 468 485 0.66 0.70 500 407 0.55 0.50 0.26 162 0.00 0 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 -0.50 -500 -1.00 -1.5
Slide 23: Underwriting
Underwriting 9 February 2022 23
Slide 24: Group underwriting profit and combined ratio development
Group underwriting profit and combined ratio development EURm 1,400 90% 88% 1,200 164 86% 84.6% 103 84.0% 1,000 227 84% 83.3% 182 82% 81.4% 800 210 202 80% 600 78% 891 76% 400 802 635 682 74% 200 72% 0 70% 2018 2019 2020* 2021 2018 2019 2020* 2021 If Topdanmark Hastings Combined ratio Target for 202
Slide 25: Group underwriting profit and combined ratio Q4/2021 and 1-12/2021
Group underwriting profit and combined ratio Q4/2021 and 1-12/2021 1-12/2021 1-12/2020 Q4/2021 Q4/2020 GWP, EURm 7,644 6,241 1,556 1,316 NPE, EURm 6,555 5,773 1,682 1,519 Other Income, EURm 331 39 61 39 Total costs, EURm -5,605 -4,845 -1,446 -1,309 Underwriting profit 1,282 967 297 248 Combined rati
Slide 26: Investments
Investments 9 February 2022 26
Slide 27: Sampo Group investments by sector, December 2021
Sampo Group investments by sector, 31 December 2021 If Topdanmark P&C Hastings Mandatum* Sampo plc Sampo Group Money market 8% 21% 14% 11% 76% 23% Fixed income 61% 4% 83% 45% 6% 43% Covered bonds 16% 48% 0% 0% 0% 13% Equities 15% 4% 0% 27% 10% 14% Private equity 0% 0% 0% 6% 8% 3% Real estate 0% 5% 0
Slide 28: Sampo Group fixed income and equity investment allocation excluding Topdanmark
Sampo Group fixed income and equity investment allocation excluding Topdanmark 31 December 2021 Fixed income, total EUR 17.3 billion Equities, total EUR 3.3 billion By geography By sector By geography By company Europe 24% Money market 29% Scandinavia 46% If 49% money market Banks 22% Finland 20% Ma
Slide 29: Fair value reserves, December 2021
Fair value reserves, 31 December 2021 The share transferred to EURm Fixed income Equity Deferred taxes Cash flow hedges FVR net the segregated portfolio If 87 865 -200 - - 751 Mandatum Life** 72 758 -166 - -23 641 Hastings -7 - - -0.1 - -7 Holding -0.1 260 -40 - - 219 Sampo Group* 152 1,903 -410 -0.
Slide 30: If & Mandatum mark-to-market investment returns
If & Mandatum mark-to-market investment returns If Mandatum 20% 16.8% 15% 12.4 % 11.1% 10.2% 9.4% 9.2% 10% 7.4 % 7.1% 6.9% 7.2% 6.1 % 6.5% 6.5% 5.0 % 4.1 4.6% % 5.0 % 4.3 % 5% 1.8 % 2.9 % 2.6 % 2.3 % 1.5 % 0% -1.4% -0.8 % -5% -3.1 % -2.4% -10% -7.8% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Slide 31: Solvency
SAMPO “> GROUP Solvency 9 February 2022 31
Slide 32: Sampo Group Solvency II ratio development
Sampo Group Solvency II ratio development 220% 209% 211% 200% 189% 185% 180% 174% 176% 160% 155% 156% 140% 140% 120% 100% 2016 2017 2018 2019 2020 3/2021 6/2021 9/2021 2021 Solvency II ratio Target range for 2021-2023 (170-190%) Column1 9 February 2022 32
Slide 33: Sampo Group Solvency II, December 2021
Sampo Group Solvency II, 31 December 2021 EURm 12,000 Solvency ratio 185% 10,000 319 8,000 -1,173 1,974 -751 -478 42 354 6,000 10,924 4,000 5,619 5,905 2,000 0 9 February 2022 33
Slide 34: Solvency II estimated sensitivities on market risk factors
Sampo Group Solvency II, estimated sensitivities on market risk factors 31 December 2021 192% 192% 198% 198% 200% 185% 182% 174% 150% 100% 50% 0% Base case 12/2021 RFR -100 bps RFR +100 bps Spread +100 bps Equity prices -10% Equity prices -20% Equity prices -30% The Solvency II symmetric adjustment
Slide 35: Financial leverage
Financial leverage 9 February 2022 35
Slide 36: Sampo Group financial leverage
Sampo Group financial leverage Including DPS of EUR 4.10 and EUR 750 million buyback Total debt, EURm 3,924 4,531 4,616 4,905 5,059 5,058 4,427 4,210 programme IFRS equity, EURm 13,508 13,014 12,542 12,258 12,979 12,742 13,316 13,464 35% 28.6% 28.0% 28.4% 27.9% 30% 25.8% 26.9% 25.0% 22.5% 23.8% 25%
Slide 37: Sampo Group financial debt, December 2021
Sampo Group financial debt, 31 December 2021 Sampo plc If Topdanmark Hastings Mandatum Eliminations* Group, total Sub/hybrid 1,487 243 255 - 349 -320 2,015 Senior bonds 1,878 - - 317 - - 2,195 Total 3,365 243 255 317 349 -320 4,210 *) Mandatum EUR 100 million held by Sampo plc and Topdanmark EUR 220
Slide 38: Sampo Group debt instruments, December 2021
Sampo Group debt instruments, 31 December 2021 Sampo Plc If Instrument & Principal Coupon Maturity Instrument & Principal Coupon Maturity Senior Bond 118 SEKm 0.875% 23 May 2022 Subordinated, Tier1 1,000 SEKm Stibor 3M + 2.75% 22 Mar 2023 Senior Bond 250 SEKm Stibor 3M+0.75% 23 May 2022 Subordinated
Slide 39: If
SAMPO “> GROUP If 9 February 2022 39
Slide 40: If combined ratio development
If combined ratio development 90% 85% 88.9% 80% 88.1% 87.7% 86.5% 86.1% 85.3% 85.2% 84.5% 82.1 % 81.3 % 75% 70% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Combined ratio Target for 2021-2023 (<85%) Note: 2015 and 2016 excluding one-offs 9 February 2022 40
Slide 41: If results by quarter
If results by quarter EURm Q4/21 Q3/21 Q2/21 Q1/21 Q4/20 Q3/20 Q2/20 Q1/20 Q4/19 Premiums earned 1,229 1,202 1,189 1,152 1,142 1,141 1,095 1,106 1,108 Claims incurred -807 -781 -771 -767 -731 -772 -712 -760 -759 Operating expenses -212 -183 -189 -171 -199 -174 -169 -166 -183 Underwriting result 210
Slide 42: If key figures by quarter
If key figures by quarter Q4/21 Q3/21 Q2/21 Q1/21 Q4/20 Q3/20 Q2/20 Q1/20 Q4/19 Risk ratio, % 60.4 59.6 58.8 61.0 57.6 62.4 59.3 63.4 62.4 Cost ratio, % 22.5 20.6 21.9 20.5 23.8 20.5 21.2 20.4 22.6 Expense ratio, % 17.2 15.2 15.9 14.9 17.4 15.2 15.4 15.0 16.5 Combined ratio, % 82.9 80.2 80.7 81.5 81
Slide 43: If key figures by business area and country
If key figures by business area and country 1-12/2021 (1-12/2020) Private Commercial Industrial Baltic Sweden Norway Finland Denmark GWP, EURm 2,937 (2,750) 1,292 (1,220) 736 (700) 169 (152) 1,839 (1,727) 1,633 (1,453) 1,003 (999) 490 (492) NPE, EURm 2,865 (2,684) 1,262 (1,187) 487 (464) 158 (149) 1
Slide 44: If key figures by business area and country Q4
If key figures by business area and country Q4/2021 (Q4/2020) Private Commercial Industrial Baltic Sweden Norway Finland Denmark GWP, EURm 710 (675) 217 (186) 90 (81) 40 (35) 386 (385) 375 (313) 157 (151) 98 (92) NPE, EURm 733 (687) 325 (296) 129 (122) 42 (38) 427 (410) 400 (343) 243 (239) 117 (113)
Slide 45: If GWP quarterly growth by business area and country
If GWP quarterly growth by business area and country* Private Commercial Industrial Baltic Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 1.5 1.9 1.9 2.1 -0.4 2.2 1.8 4.4 -2.3 0.8 14.7 5.8 1.8 4.6 8.2 10.6 2018 2.6 3.9 1.6 0.9 0.8 3.1 8.5 3.1 2.2 16.2 -1.8 6.7 11.5 9.6 4.6 2.5 2019 3.3 3.9 5.9
Slide 46: If large claims and prior year gains
If large claims and prior year gains EURm Q4/21 Q3/21 Q2/21 Q1/21 Q4/20 Q3/20 Q2/20 Q1/20 Q4/19 Q3/19 Q2/19 Q1/19 Q4/18 Large claims 35 -29 32 1 4 37 27 20 -13 13 0 4 10 (above expected) Prior year gains 38 39 48 47 50 33 41 62 31 51 57 51 44 Prior year gains as % of 3.1% 3.2% 4.1% 4.0% 4.4% 2.9% 3.
Slide 47: Nordic market for new car sales grew by 4% in 2021
Nordic market for new car sales grew by 4% in 2021 Changes in number of new cars sold YoY Number of new cars sold, thousand Sweden Norway Q1 Q2 Q3 Q4 FY 380 350 360 300 2021 2021 2021 2021 2021 290 160 180 150 140 140 Sweden 37% 38% -23% -23% 3% Norway 12% 77% 24% 3% 25% 2017 2018 2019 2020 2021 201
Slide 48: Covid-19 positive combined ratio effect of approx. 2%-points in 2021
Covid-19 positive combined ratio effect of approx. 2%-points in 2021 Positive Covid-19 effect, approximation in percentage points 4% 4% • In 2021, pandemic-related effects on the combined ratio decreased following the roll-out of mass vaccinations and eased pandemic 3% 3% 3% 3% restrictions • Compar
Slide 49: If discount rate development
If discount rate development Finland Sweden Denmark 2020 2021 9 February 2022 49
Slide 50: Topdanmark
Topdanmark 9 February 2022 50
Slide 51: Topdanmark financial highlights
Topdanmark financial highlights (as reported by Topdanmark stand-alone) 2016 2017 2018 2019 2020 2021 P&C premiums earned, mDKK 8,858 8,985 9,135 9,397 9,732 10,154 Life premiums earned, mDKK 7,430 8,525 10,111 11,106 10,981 10,360 Profit on P&C insurance, mDKK 1,712 1,909 1,420 1,601 1,302 2,274 Pr
Slide 52: Topdanmark combined ratio development
Topdanmark combined ratio development (as reported by Topdanmark stand-alone) 95% 91.5% 90.3% 90% 88.0% 86.8% 86.5% 86.0% 85.1% 85% 83.6% 83.7% 83.7% 82.0% 80% 75% 70% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 9 February 2022 52
Slide 53: Topdanmark profit before taxes by quarter
Topdanmark profit before taxes by quarter (consolidated) EURm 140 137 120 100 92 89 82 80 71 58 60 53 52 46 48 40 34 29 20 0 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 -20 -13 9 February 2022 53
Slide 54: Hastings
SAMPO “> GROUP Hastings 9 February 2022
Slide 55: Hastings private car market share development
Hastings private car market share development 9% 8.4% 8.3% 8% 7.5% 7.7% 7.3% 7% 6.5% 6% 5.8% 5% 4% 3% 2% 1% 0% 2015 2016 2017 2018 2019 2020 2021 9 February 2022 55
Slide 56: Hastings financials bridge
Hastings financials bridge HGC as part of HGC as part of HGH HGH Sampo Sampo Impact of 1-12/2020 1-12/2021 acquisition 1-12/2021 1-12/2021 accounting GBPm GBPm GBPm*** GBPm EURm Gross written premium 980 969 969 1,127 Net earned premiums A 444 429 429 499 Other operating income B 328 301 -16 285 331
Slide 57: Mandatum
SAMPO “> GROUP Mandatum 9 February 2022 57
Slide 58: Mandatum profit by components
Mandatum profit by components EURm 1-12/2021 1-12/2020 10-12/2021 10-12/2020 Investment result 187 86 31 20 Expense result 27 27 7 8 Risk result 43 38 23 22 Other items -6 3 -8 4 Total Life result 251 154 53 54 Asset Management result (before group contribution) 18 - 9 - Group contribution* -15 - -1
Slide 59: Mandatum's profit components
Mandatum’s profit components EURm 300 250 200 187 192 221 150 178 158 129 107 86 100 119 109 102 18 33 27 27 50 25 35 24 24 10 14 19 6 35 35 38 43 25 24 23 33 31 33 19 0 2011 2012 2013 2014 2015 2016 2017 2018 * 2019 2020 2021 Risk result Expense result Asset Management Investment result * Excluding
Slide 60: Mandatum unit-linked and other client assets
Mandatum unit-linked and other client assets EURm 12,000 11,000 10,000 9,000 8,000 7,000 6,000 11,090 5,000 9,192 8,655 4,000 7,260 7,149 6,567 3,000 5,332 5,981 4,617 2,000 3,833 1,000 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Other client assets added on top of unit-linked liabilities fo
Slide 61: Mandatum Life with-profit liabilities
Mandatum Life with-profit liabilities EURm 6,000 5,000 1,228 1,196 1,142 4,000 385 1,065 439 135 244 1,008 439 273 964 499 325 545 232 875 Segregated fund 3,000 547 751 230 556 570 218 2,598 2,475 274 Reserve for decreased 2,360 534 discount rate 2,000 2,245 491 2,108 1,957 Other with-profit excl. 1
Slide 62: Holding & other
Holding & other 9 February 2022 62
Slide 63: Sampo plc balance sheet, December 2021
Sampo plc balance sheet, 31 December 2021 Assets total, EURm Liabilities total, EURm 12,327 12,327 Liquidity 3,732 CPs issued 0 Investment assets 836 LT senior debt 1,878 Real estate 2 Private placements 47 Fixed income 39 Bonds issued 1,831 Equity and private equity 795 Subordinated loans* 100 Subo
Slide 64: Sampo Group NAV per share, December 2021
Sampo Group NAV per share, 31 December 2021 EUR 30 24.86 25.37 25.48 25 23.79 22.15 22.63 20.60 20.71 19.82 20 17.38 15 14.05 10 5 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 9 February 2022 64
Slide 65: Equity per segment, December 2021
Equity per segment, 31 December 2021 (Topdanmark and Nordea at market value) EURm Nordea book value in Group accounts 2,189 EURm + 14,000 valuation difference 464 EURm 12,000 3,520 10,000 Topdanmark book value in Group accounts 1,415 EURm + 2,653 valuation difference 681 EURm 8,000 1,738 13,933 6,00
Slide 66: Sampo Group overview
Sampo Group overview 9 February 2022 66
Slide 67: Sampo's strategy is focussed on P&C insurance
Sampo’s strategy is focussed on P&C insurance P&C insurance: Invest and develop Life & investments: Manage for value ~40% of ~ 30% group GWP: €7.6bn COR: 81.4% UW profit: €1.3bn group capital earnings Invest to build high quality Nordic and UK private/SME P&C operations Optimise return on capital Pr
Slide 68: P&C Insurance – Market shares
P&C Insurance – Market shares 21% Nordics If & Topdanmark 21% Tryg 11% Norway Q3/2021 Sweden Q3/2021 LF 10% Gjensidige 26% LF 31% 18% Gjensidige 9% 22% If 18% If 22% RSA Scand. 7% Fremtid 15% Folksam 16% Others 42% Tryg 13% Trygg-Hansa 14% Others 24% Others 21% Finland 2020 21% OP 33% Norway Sweden
Slide 69: Sampo plc's ownership structure
Sampo plc’s ownership structure 31 December 2021 Solidium Oy 5.99%* Varma Mutual Pension Insurance Company 4.01% Ilmarinen Mutual Pension Insurance Company 1.48% Elo Mutual Pension Insurance Company 0.71% The State Pension Fund 0.52% Other domestic owners 23.69% Foreign and nominee registered owners
Slide 70: Sampo Group ESG overview
Sampo Group ESG overview 9 February 2022 70
Slide 71: Allocation of investments according to ESG risk categories
Allocation of direct fixed income and equity investments according to the ESG risk categories, Sampo Group excluding Topdanmark and Hastings 31 December 2021 Weighted average ESG risk rating of Sampo Group’s Severe Risk direct fixed income and equity investments (0-100) 18 High Risk 0% 3% Market val
Slide 72: Examples of initiatives and commitments
Examples of initiatives and commitments Sampo Group If Topdanmark Hastings Mandatum Sampo plc 9 February 2022 72
Slide 73: Examples of Sampo plc's ESG ratings
Examples of Sampo plc’s ESG ratings Target: To be rated in the top quartile within the industry among the leading rating agencies’ rankings. Examples of ESG rating agencies Rating and scale Rating distribution and/or ranking Prime Rating of Sampo plc: 59/100 Percentile rank of Sampo plc: 78 (Average
Slide 74: If P&C – ESG in underwriting and ambitious climate targets
If P&C – ESG in underwriting and ambitious climate targets ESG framework for underwriting Science Based Target initiative (SBTi) SBTi is a joint initiative between the UN, WWF, CDP and World Resources Institute If’s internal framework for ESG in underwriting: If P&C has committed to the Science Base
Slide 75: If's strong ESG credentials supported by launch of ESG in underwriting
If’s strong ESG credentials supported by launch of ESG in underwriting • Increased ambition level regarding ESG in investment operations • Sector-based screening and Investments norms-based research implemented • In Q2/2021 If started to • If’s Supplier Code of systematically integrate ESG into Cond
Slide 76: Investor presentation – contact details
Investor presentation JANUARY – DECEMBER 2021 Sampo plc Fabianinkatu 27 00100 Helsinki, Finland Phone: +358 10 516 0100 Business ID: 0142213-3 www.sampo.com Sampo_plc sampo_oyj sampo-plc 9 February 2022 76