Sampo Oyj · OMXHEX:SAMPO
Sampo Oyj — Q3 2021 Earnings Presentation
75 slides from Sampo Oyj's earnings presentation, Nov 3, 2021
Slide 1: Sampo Group Investor Presentation
Sampo Group Investor Presentation JANUARY – SEPTEMBER 2021
Slide 2: Sampo Group Q1-Q3/2021 results
Sampo Group Q1-Q3/2021 results 3 November 2021 3 November 2021 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: 1-9/2021: very strong results across all business areas
1-9/2021: very strong results across all business areas Strong financial results across the board Excellent P&C underwriting margins Strong underlying P&C trends and positive Nordic market outlook Nordea stake reduced by 5.8ppt to 6.1% Launch of share buyback programme and management proposals for f
Slide 5: Strong financial results across all Sampo Group operations
Strong financial results across all Sampo Group operations Profit before taxes, EURm P&C underwriting result, EURm Combined ratio, % 2,500 1,200 +37% 85% -2.3%-p -3.0%-p 1,974 1,000 985 84.1% 2,000 84% 800 83.1% 1,500 719 83% 1,054 600 1,000 +42% 82% 632 400 81.1% 327 485 81% 80.8% 500 230 200 80% 0
Slide 6: If P&C combined ratio improved by 1.6%-points in 9M 2021
If P&C combined ratio improved by 1.6%-points in 9M 2021 9M 2021 combined ratio • Q3 underwriting result of EUR 238m (195) driven by strong profitability and healthy growth, 9M EUR 681m (588) • Risk ratio improved by 1.0%-p in Q3 and 1.2%-p in 9M (adj. for large claims, severe weather, prior years a
Slide 7: If P&C gross written premiums increased by 4.1% in 9M 2021
If P&C gross written premiums increased by 4.1% in 9M 2021 9M 2021 GWP growth Q3 2021 GWP growth • Total organic growth in 9M of 4.1% (excl. FX effects), supported by strong development in Norway and Baltic • Q3 Private premium growth affected by weaker new car If total 4.1% If total 3.3% sales in a
Slide 8: If P&C – Strong customer growth, retention and satisfaction
If P&C – Strong customer growth, retention and satisfaction Example BA Private Number of customers, million Customer satisfaction, NPS Customer retention, % households, end of period 2% CAGR 89% 90% 90% 90% 90% 3.3 3.2 60 60 60 3.2 59 3.1 57 3.0 2.9 2.8 2.7 2.6 2018 2019 2020 Q3 2021 2018 2019 2020
Slide 9: Nordic market new car sales
Nordic market new car sales Exceptional 6 months development followed by weaker sales in Q3 Changes in number of new cars sold YoY Total Nordic – number of new cars sold, thousand 6M 9M Q3 +12% 2021 2021 2021 600 +25% 530 Sweden 38% 15% -23% 410 Norway 42% 35% 24% 330 -11% Finland 4% 5% -7% 200 180
Slide 10: 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 133 MEUR annual digital 140 sales 120 Increase in 60% +20% My Pages logins 50% 100 16% Q3 YoY 50% CAGR 80 Customers wi
Slide 11: Hastings continued its strong performance
Hastings continued its strong performance • Live customer policies up 1% in the third quarter and 3% year-on-year, Live customer policies (mn) supported by continued high and above market customer retention 3.1 3.1 2.8 • Rate reductions observed across the UK motor market during much of 2021 2.7 2.6
Slide 12: Mandatum: strong capital generation and AUM growth
Mandatum: strong capital generation and AUM growth Mandatum solvency II ratio, % Unit-linked and other client assets, EURbn 220% 214% 12 209% 10.6 200% 10.4 200% 10 188% 9.2 182% 8.7 180% 176% 176% 8 160% 160% 6 140% 4 120% 2 100% 0 2016 2017 2018 2019 2020 1Q21 2Q21 3Q21 2019 2020 H1 2021 9M 2021 •
Slide 13: Strong solvency, leverage within target range
Strong solvency, leverage within target range Sampo Group Solvency II ratio, % Sampo Group financial leverage, % 230% 32% Own funds: EURm 13,140 EURm 13,354 IFRS equity: EURm 12,742 EURm 13,316 SCR: EURm 6,297 EURm 6,343 Financial debt: EURm 4,906 EURm 4,427 220% 30% 5% 1% -1% -3% Target: <30% 211%
Slide 14: Sampo is delivering on its disciplined capital management agenda
Sampo is delivering on its disciplined capital management agenda Balance sheet secured Extensive capital returns in train • Proceeds from Nordea sales in Nov 2020 and May 2021 retained • After securing its balance sheet, Sampo has been able to deploy the proceeds from the Sep and Oct 2021 Nordea sal
Slide 15: 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 16: Sampo is performing ahead of 2021-2023 financial targets
Sampo is performing ahead of 2021-2023 financial targets Financial target 9M 2021 result • Mid-single digit growth in UW profit • 19%, adjusting for the Hastings acquisition and annually on average (ex COVID-19 effects) COVID-19 effects in If P&C and Topdanmark • Group combined ratio <86% • 80.8% •
Slide 17: Outlook for 2021
Outlook for 2021 Sampo Group’s insurance businesses are expected to report good insurance technical results for 2021, although the mark-to-market component of investment returns will be significantly influenced by capital markets’ developments, particularly in life insurance. If P&C is expected to r
Slide 18: Sampo Group
SAMPO GROUP 3 November 2021 18
Slide 19: Financials
Financials 3 November 2021 19
Slide 20: Group Key figures
Group Key figures EURm 1-9/2021 1-9/2020 Change, % 7-9/2021 7-9/2020 Change, % Profit before taxes 1,974 1,054 87 632 485 30 If 818 616 33 252 233 8 Topdanmark 256 85 202 48 46 3 Hastings 115 - - 31 - - Mandatum 201 100 101 59 61 -2 Associates* 632 308 105 263 170 55 Holding (excl. Associates) -48 -
Slide 21: Profit before taxes and EPS by quarters
Profit before taxes and EPS by quarters EURm EUR 800 710 1.50 632 632 600 0.99 0.93 468 485 1.00 0.82 407 0.66 0.70 400 0.55 0.50 0.26 200 162 92 0.01 0.00 0 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 -0.50 -200 -1.00 -400 -600 -1.50 -
Slide 22: Underwriting
Underwriting 3 November 2021 22
Slide 23: Group underwriting profit and combined ratio development
Group underwriting profit and combined ratio development EURm 1,200 90% 88% 111 1,000 86% 141 84.6% 182 84.0% 84% 83.4% 800 82.9% 210 120 163 202 82% 80.8% 131 600 80% 78% 400 802 682 681 76% 635 588 74% 200 72% 0 70% 2018 2019 2020* 1-9/2020* 1-9/2021 2018 2019 2020* 1-9/2020* 1-9/2021 If Topdanmar
Slide 24: Group underwriting profit and combined ratio Q3/2021 and 1-9/2021
November 3, 2021 Group underwriting profit and combined ratio Q3/2021 and 1-9/2021 Q3/2021 Q3/2020 1-9/2021 1-9/2020 GWP, EURm 1,615 1,236 6,088 4,924 NPE, EURm 1,645 1,448 4,873 4,255 Other Income, EURm 86 - 270 - Total costs, EURm -1,403 -1,219 -4,158 -3,536 Underwriting profit 328 230 985 719 Com
Slide 25: Investments
Investments 3 November 2021 25
Slide 26: Sampo Group investments by sector, September 2021
Sampo Group investments by sector, 30 September 2021 If Topdanmark P&C Hastings Mandatum* Sampo plc Sampo Group Money market 14% 9% 19% 12% 62% 20% Fixed income 57% 3% 78% 44% 9% 43% Covered bonds 17% 59% 1% 0% 0% 16% Equities 11% 5% 0% 28% 16% 14% Private equity 0% 0% 0% 6% 13% 3% Real estate 0% 5%
Slide 27: Sampo Group fixed income and equity investment allocation excluding Topdanmark
Sampo Group fixed income and equity investment allocation excluding Topdanmark 30 September 2021 Fixed income, total EUR 17.3 billion Equities, total EUR 3.2 billion By geography By sector By geography By company Europe 17% Money market 27% Scandinavia 41% If 42% money market Banks 22% Finland 19% M
Slide 28: Investment returns and fair value reserves
Investment returns and fair value reserves Investment returns 1-9/2021, excluding Topdanmark and Hastings Return, % EURm Mandatum* If Group Mandatum* If Group Fixed income 2.3% 1.3% 1.4% 79 (13) 136 (15) 207 Equities 10.9% 10.5% 11.5% 141 (109) 134 (36) 350 Other (incl. FX net result) 18.9% -37.9% 2
Slide 29: If & Mandatum mark-to-market investment returns
If & Mandatum mark-to-market investment returns If Mandatum 20% 16.8% 15% 12.4 % 11.1% 9.4% 9.2% 10% 7.4 % 7.1% 6.9% 7.2% 7.3% 6.1 % 6.5% 6.5% 5.0 % 4.1 4.6% % 5.0 % 5% 1.8 % 2.9 % 2.6 % 2.3 % 2.2 % 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 2
Slide 30: Market risk sensitivity of Group investments
Market risk sensitivity of Group investments excluding Topdanmark, 30 September 2021 EURm If Mandatum* Hastings Sampo plc Sampo Group - 10% -136 -134 -1 -52 -324 Equities + 10% 136 134 1 52 324 - 100 bps 136 86 21 17 260 Interest rates + 100 bps -130 -70 -21 -17 -237 - 10% -1 -74 -0.5 -45 -119 Other
Slide 31: Solvency
SAMPO “> GROUP Solvency 3 November 2021 31
Slide 32: Sampo Group Solvency II
Sampo Group Solvency II 220% 209% 211% 199% 200% 189% 180% 174% 176% 160% 155% 156% 140% 140% 120% 100% 2016 2017 2018 2019 2020 3/2021 6/2021 9/2021 9/2021, adjusted* Solvency II ratio Target range for 2021-2023 (170-190%) Column1 *) Dividend accrued linearly over the calendar year based on the 202
Slide 33: Sampo Group Solvency II, 30 September 2021
Sampo Group Solvency II, 30 September 2021 EURm 16,000 Solvency ratio 211% 14,000 12,000 10,000 320 8,000 -1,169 317 1,973 -707 -462 128 13,354 6,000 4,000 5,942 6,343 2,000 0 Dividends are not accrued linearly over the calendar year 3 November 2021 33
Slide 34: Sampo Group Solvency II, estimated sensitivities on market risk factors
Sampo Group Solvency II, estimated sensitivities on market risk factors 30 September 2021 250% 231% 231% 217% 221% 211% 208% 200% 200% 150% 100% 50% 0% Base case 9/2021 RFR -100 bps RFR +100 bps Spread +100 bps Equity prices -10% Equity prices -20% Equity prices -30% The Solvency II symmetric adjust
Slide 35: Financial leverage
Financial leverage 3 November 2021 35
Slide 36: Sampo Group financial leverage
Sampo Group financial leverage Total debt, EURm 3,924 4,531 4,616 4,905 5,059 5,058 4,427 IFRS equity, EURm 13,508 13,014 12,542 12,258 12,979 12,742 13,316 35% 28.6% 28.0% 28.4% 30% 25.8% 26.9% 25.0% 22.5% 25% 20% 15% 10% 5% 0% 2017 2018 2019 2020 3/2021 6/2021 9/2021 Senior Sub/hybrid Target for 2
Slide 37: Sampo Group financial debt, 30 September 2021
Sampo Group financial debt, 30 September 2021 Sampo plc If Topdanmark Hastings Mandatum Eliminations* Group, total Sub/hybrid 1,487 551 121 - 349 -284 2,225 Senior bonds 1,893 - - 309 - - 2,202 Total 3,380 551 121 309 349 -284 4,427 *) Mandatum EUR 100 million and If EUR 99 million held by Sampo plc
Slide 38: Sampo Group debt instruments, 30 September 2021
Sampo Group debt instruments, 30 September 2021 Sampo Plc If Instrument & Principal Coupon Maturity Instrument & Principal Coupon Maturity Senior Bond 118 SEKm 0.875% 23 May 2022 Subordinated 110 EURm 6.000% 8 Dec 2021 Senior Bond 250 SEKm Stibor 3M+0.75% 23 May 2022 Subordinated 500 SEKm 2.415% 1 D
Slide 39: If
If 3 November 2021 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% 82.4 % 82.1 % 80.8 % 75% 70% 2012 2013 2014 2015 2016 2017 2018 2019 2020 1-9/2020 1-9/2021 Combined ratio Target for 2021-2023 (<85%) Note: 2015 and 2016 excluding one-offs 3 November 2021 40
Slide 41: If results by quarter
If results by quarter EURm Q3/21 Q2/21 Q1/21 Q4/20 Q3/20 Q2/20 Q1/20 Q4/19 Q3/19 Premiums earned 1,202 1,189 1,152 1,142 1,141 1,095 1,106 1,108 1,114 Claims incurred -781 -771 -767 -731 -772 -712 -760 -759 -758 Operating expenses -183 -189 -171 -199 -174 -169 -166 -183 -172 Underwriting result 238
Slide 42: If key figures by quarter
If key figures by quarter Q3/21 Q2/21 Q1/21 Q4/20 Q3/20 Q2/20 Q1/20 Q4/19 Q3/19 Risk ratio, % 59.6 58.8 61.0 57.6 62.4 59.3 63.4 62.4 62.5 Cost ratio, % 20.6 21.9 20.5 23.8 20.5 21.2 20.4 22.6 21.0 Expense ratio, % 15.2 15.9 14.9 17.4 15.2 15.4 15.0 16.5 15.4 Combined ratio, % 80.2 80.7 81.5 81.3 82
Slide 43: If key figures by business area and country
If key figures by business area and country 1-9/2021 (1-9/2020) Private Commercial Industrial Baltic Sweden Norway Finland Denmark GWP, EURm 2,227 (2,075) 1,075 (1,031) 646 (617) 128 (117) 1,452 (1,340) 1,258 (1,138) 846 (845) 392 (400) NPE, EURm 2,132 (1,998) 937 (891) 358 (342) 116 (111) 1,256 (1,
Slide 44: If key figures by business area and country
If key figures by business area and country Q3/2021 (Q3/2020) Private Commercial Industrial Baltic Sweden Norway Finland Denmark GWP, EURm 699 (670) 167 (158) 126 (121) 41 (36) 414 (406) 305 (275) 173 (166) 101 (101) NPE, EURm 724 (686) 316 (299) 121 (120) 41 (38) 424 (409) 381 (346) 242 (239) 114 (
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 Q3/21 Q2/21 Q1/21 Q4/20 Q3/20 Q2/20 Q1/20 Q4/19 Q3/19 Q2/19 Q1/19 Q4/18 Q3/18 Large claims -29 32 1 4 37 27 20 -13 13 0 4 10 18 (above expected) Prior year gains 39 48 47 50 33 41 62 31 51 57 51 44 26 Prior year gains as % of 3.2% 4.1% 4.0% 4.4% 2.9% 3.7% 5.
Slide 47: Covid-19 positive combined ratio effect of approx. 1%-points in Q3
Covid-19 positive combined ratio effect of approx. 1%-points in Q3 Positive Covid-19 effect Motor claims frequency approximation in percentage points 4% 4% 3% 3% 3% 3% 2% 1% Q2 Q3 Q4 FY Q1 Q2 Q3 9M 2020 2020 2020 2020 2021 2021 2021 2021 • During the third quarter effects related to Covid-19 decline
Slide 48: If discount rate development
If discount rate development 2.2% 1.8% 1.20% 1.4% 0.95% 0.75% 1.0% 0.6% 0.2% -0.46% -0.41% -0.72% -0.2% -0.49% -0.77% -0.60% -0.6% -1.0% -1.4% -1.03% -1.8% -1.59% -2.2% -1.74% -1.90% -1.89% -1.93% Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan F
Slide 49: Topdanmark
Topdanmark 3 November 2021 49
Slide 50: Topdanmark financial highlights
Topdanmark financial highlights (as reported by Topdanmark stand-alone) 2016 2017 2018 2019 2020 1-9/2020 1-9/2021 P&C premiums earned, mDKK 8,858 8,985 9,135 9,397 10,089 7,245 7,575 Life premiums earned, mDKK 7,430 8,525 10,111 11,106 10,981 8,406 7,616 Profit on P&C insurance, mDKK 1,712 1,909 1,
Slide 51: 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% 87.0% 86.0% 85.1% 85% 83.7% 84.3% 83.6% 82.0% 80% 75% 70% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1-9/2020 1-9/2021 3 November 2021 51
Slide 52: Topdanmark profit before taxes by quarter (consolidated)
Topdanmark profit before taxes by quarter (consolidated) EURm 140 137 120 100 92 82 80 71 65 58 60 53 52 46 48 40 34 29 20 0 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 -20 -13 3 November 2021 52
Slide 53: Hastings
Hastings 3 November 2021 53
Slide 54: Hastings private car market share development
Hastings private car market share development 9% 8.3% 8.3% 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 9/2020 9/2021 3 November 2021 54
Slide 55: Mandatum
SAMPO “> GROUP Mandatum 3 November 2021
Slide 56: Mandatum profit by components
Mandatum profit by components EURm 1-9/2021 1-9/2020 Net investment income 1,195 -4 - Transferred to expense result -18 -16 - Return on unit-linked policies -960 86 - Return on with-profit policies* -60 0 Investment result 157 66 Expense result 20 19 Risk result 20 16 Others 2 -1 Asset Management re
Slide 57: Mandatum's profit components
Mandatum’s profit components EURm 300 250 200 192 221 150 178 157 158 129 107 86 100 119 109 102 66 50 25 33 35 24 27 9 24 10 14 19 20 6 19 33 31 35 33 35 38 25 19 24 23 16 20 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 * 2020 1-9/2020 1-9/2021 Risk result Expense result Asset Management Investme
Slide 58: 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 10,618 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 3,124 3,054 2,359 1,000 1,637 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 9/2021 Other client ass
Slide 59: Mandatum Life with-profit liabilities
Mandatum Life with-profit liabilities EURm 6,000 5,000 1,228 1,196 313 311 1,142 372 4,000 377 385 1,065 439 135 244 1,008 439 273 964 499 325 545 232 875 Segregated fund 3,000 547 2,843 230 772 2,831 2,821 556 2,719 570 218 2,598 2,475 207 Reserve for decreased 2,360 534 discount rate 2,000 2,245 5
Slide 60: Holding & other
Holding & other 3 November 2021 60
Slide 61: Sampo plc balance sheet, September 2021
Sampo plc balance sheet, 30 September 2021 Assets total, EURm Liabilities total, EURm 11,124 11,124 Liquidity 2,209 CPs issued 0 Investment assets 1,012 LT senior debt 1,893 Real estate 2 Private placements 55 Fixed income 38 Bonds issued 1,838 Equity and private equity 972 Subordinated loans* 211 S
Slide 62: Nordea's book value on Sampo Group's consolidated balance sheet
Nordea’s book value on Sampo Group’s consolidated balance sheet, 30 September 2021 Nordea in Sampo Group’s balance sheet EURm Acquisition price 2,634.7 Retained earnings 747,5 Accumulated other changes in Nordea’s equity -78.0 Share of Nordea’s net profit 65.6 Amortization 0 Deferred tax 0 Dividends
Slide 63: Sampo Group NAV per share, 30 September 2021
Sampo Group NAV per share, 30 September 2021 EUR 30 24.86 25.37 25.56 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 9/2021 3 November 2021 63
Slide 64: Equity per segment, September 2021
Equity per segment, 30 September 2021 (Topdanmark and Nordea at market value) Nordea book value in Group accounts 3,347 EURm + EURm valuation difference 1,238 EURm 14,000 Topdanmark book 2,067 12,000 value in Group accounts 1,398 EURm 10,000 + 4,586 valuation difference 8,000 477 EURm 1,702 14,193 6
Slide 65: Sampo Group overview
Sampo Group overview 3 November 2021 65
Slide 66: 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 ~60% of ~ 40% group GWP: €7bn COR: 83.6% UW profit: €1.1bn group capital earnings Invest to build high quality Nordic and UK private/SME P&C operations Optimise return on capital Priv
Slide 67: P&C Insurance – Market shares
P&C Insurance – Market shares 21% Nordics 2020 If & Topdanmark 21% Tryg 11% Norway Q2/2021 Sweden Q2/2021 LF 10% Gjensidige 26% LF 31% 18% Gjensidige 9% 22% If 18% If 22% RSA Scand. 7% Fremtid 15% Folksam 17% Others 42% Tryg 13% Trygg-Hansa 13% Others 24% Others 21% Finland 2020 21% OP 33% Norway Sw
Slide 68: Sampo plc dividend per share
Sampo plc dividend per share EUR 3.00 2.85 2.60 2.50 2.30 2.15 2.00 1.95 1.65 1.70 1.50 1.50 1.35 1.20 1.15 1.00 1.00 0.80 “Insurance dividend” 0.50 EUR 1.60* 0.00 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 *) Sampo aims to grow the “insurance dividend” in line with the Group’s
Slide 69: Sampo plc's ownership structure
Sampo plc’s ownership structure 30 September 2021 Solidium Oy 7.97%* Varma Mutual Pension Insurance Company 4.01% Ilmarinen Mutual Pension Insurance Company 1.67% Elo Mutual Pension Insurance Company 0.74% The State Pension Fund 0.59% Other domestic owners 23.69% Foreign and nominee registered owner
Slide 70: Sampo Group ESG overview
Sampo Group ESG overview 3 November 2021 70
Slide 71: Allocation of direct fixed income and equity 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 30 September 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 va
Slide 72: Examples of initiatives and commitments
Examples of initiatives and commitments Sampo Group If Topdanmark Hastings Mandatum Sampo plc 3 November 2021 72
Slide 73: Examples of Sampo plc's ESG ratings
Examples of Sampo plc’s ESG ratings ESG rating agencies Rating and scale Rating distribution and/or ranking Prime : 17.3 Rating of Sampo plc: 52/100 Percentile rank of Sampo plc: 70 (Average of respondents: 39/100) 3 November 2021 73
Slide 74: 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 75: Sampo Group Investor Presentation
Sampo Group Investor Presentation JANUARY – SEPTEMBER 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 75