Sampo Oyj · OMXHEX:SAMPO
Sampo Oyj — Shareholder Meeting (April 2024)
12 slides from Sampo Oyj's shareholder meeting presentation, Apr 25, 2024
Slide 1: Sampo plc Annual General Meeting 2024
Sampo plc Annual General Meeting 2024 Antti Mäkinen Chair of the Board
Slide 2: Total remuneration of the Group CEO
Annual General Meeting Total remuneration of the Group CEO EURm 5,00 4,50 4,00 3,83 3,82 3,50 Vested LTI, incl. deferral 3,00 3,00 1,75 1,67 Paid STI, incl. paid deferral Supplementary pension 2,50 1,05 Other benefits 2,00 0,45 Fixed compensation incl. holiday pay 0,50 0,46 1,50 0,49 0,68 0,48 1,00
Slide 3: Sampo plc Annual General Meeting 2024 - Group CEO
Sampo plc Annual General Meeting 2024 Torbjörn Magnusson Group CEO
Slide 4: Sampo's transformation into pure P&C group has been completed
Annual General Meeting Sampo’s transformation into pure P&C group has been completed 20% Sampo plc 48% 70% Personal lines 77% 76% Private UK Commercial Industrial SME Personal lines Nordic share of Leading digital sales and Strong pricing power in High growth potential in Personal lines & prem
Slide 5: 2023: Solid performance in challenging claims environment
Annual General Meeting 2023: Solid performance in challenging claims environment Underwriting result, EURm Profit before taxes, EURm Solvency ratio, % 1 481 1,164 210 1,031 182 803 2022 2023 2022 (IFRS 9) 2023 2022 2023 • Underwriting profit growth of 13 per • Profit before taxes driven by solid • S
Slide 6: Strong performance against key financial targets in 2021-2023
Annual General Meeting Strong performance against key financial targets in 2021-2023 Performance against key financial targets for 2021-2023 2021 2022 2023 • Sampo delivered solid results in 2023 amid challenging claims environment Mid-single digit growth in 19% 13% 13% underwriting profit ex • Robu
Slide 7: Sampo has multiple growth areas
Annual General Meeting Sampo has multiple growth areas New technology UK digital personal lines • Increasing online sales and service • Integrating technology with partners Societal transformation EUR 8.5 billion • Receding public service Private • The green transition property Group GWP in 2023 Eme
Slide 8: Sampo has ambitious digital transformation agenda
Annual General Meeting Sampo has ambitious digital transformation agenda Long track record of large investments in digital Digital excellence IT development costs, EURm Digital sales channel Digital customer Distribution model growth service shift to digital >200 If P&C 100 90 80 Fully integrated om
Slide 9: Sampo Group financial targets for 2024–2026
Annual General Meeting Sampo Group financial targets for 2024–2026 Secure strong Combined ratio underwriting target updated margins Generate >EUR 4bn of deployable capital* Focus on growing Introduce new Op underwriting EPS growth target Combined ratio Operating EPS growth profits <85%** >7% Value a
Slide 10: Operating EPS growth to be driven by higher underwriting results
Annual General Meeting Operating EPS growth to be driven by higher underwriting results Driven by growth in underwriting profits – investment income assumed to be stable +0-2%-p Operating EPS growth target for 2024-2026 +1-2%-p >7% EUR 2.07 Operating EPS in 2023 Nordics Nordic UK Operational growth
Slide 11: Sampo has returned EUR 7 billion to shareholders in 2021-2023
Annual General Meeting Sampo has returned EUR 7 billion to shareholders in 2021-2023 The regular dividend has grown with P&C earnings Excess capital returns skewed toward buybacks Sampo regular dividend per share, EUR Sampo excess capital returns 2021-2023*, EUR billion 0.30 1.80 Mandatum 1.70 0.30
Slide 12: Strong results and shareholder returns under the P&C focused strategy
Annual General Meeting Strong results and shareholder returns under the P&C focused strategy Underwriting profit Total shareholder return since CMD 2021 EURm 50% 45% +13% 43% 1 282 1 314 CAGR of 11% 1 164 40% 2012-2022 1 087 1 031 892 30% 837 635 667 20% 630 534 550 483 10% 2% 2% 0% -1% 2012 2013 20