Slide 1: New segmentation – Analyst call presentation
New segmentation Analyst call presentation 14 March 2025 14 March 2025 1
Slide 2: New segmentation reflects Sampo's transformation into a fully-integrated P&C group
New segmentation reflects Sampo’s transformation into a fully-integrated P&C group Clear strategy Simplified group structure and segmentation New segments based on business areas • Sampo has aligned its reporting with its customer groups such that each segment Nordea exit Sampo plc represents a busi
Slide 3: Segmentation based on operational business areas
Segmentation based on operational business areas Old segmentation New segmentation Key changes Private Moves to Private Private Commercial Moves to Commercial Industrial Commercial If Moves to Industrial Baltic Moves to Other operations P&L lines Sampo Group Sampo Group from GWP to Industrial Other
Slide 4: Underwriting result under the new segmentation
Underwriting result under the new segmentation Key changes 2023 2024 Private If Private + Topdanmark Private 595 479 + 115 628 530 + 98 If Commercial + Topdanmark SME + 237 + 79 Commercial 315 352 223 + 110 + 19 Oona Health Oona part of Private for Decemcer 2023 Industrial Previously If Industrial,
Slide 5: Aggregating Sampo's underwriting KPIs
Aggregating Sampo’s underwriting KPIs Net insurance revenue split by segment (EURm, 2024) Underlying risk ratio and cost ratio provided at ”Nordic” level Insurance revenue, net / EURm 2023 2024 275 8,386 1,659 - Nordic 6,061 6,452 - UK 1,251 1,659 - Other 223 275 657 Group insurance revenue 7,535 8,
Slide 6: Nordic underlying risk ratio re-aligned under If-assumptions
Nordic underlying risk ratio re-aligned under If-assumptions The Nordic underlying risk ratio ticked up in 2024, due • Going forward, the underlying risk ratio will be provided for the to weakening reported margins in Topdanmark “Nordic” entities, covering Private, Commercial and Industrial Underlyi
Slide 7: Cost efficiency remains a core focus area
Cost efficiency remains a core focus area The inclusion of Topdanmark re-sets Sampo’s Nordic • The Nordic & other cost ratio includes the Nordic segments cost ratio to a higher level and Other operations, but excludes internal reinsurance Cost ratio (%, 2024) • Other operations included to ensure th
Slide 8: Other income & expense under the new segmentation
Other income & expense under the new segmentation Other items within ISR Break-down of “below the line” items in 2024 Other 2023 2024 items, 12% Underwriting result 1,164 1,316 Net financial result 560 636 Insurance - Sampo plc (ex finance costs) -56 -41 revenue, - one-offs 0 -164 2024 - other items
Slide 9: Modelling Sampo's investment income
Modelling Sampo’s investment income 14 March 2025 9
Slide 10: Modelling Sampo's net financial result for future years
Modelling Sampo’s net financial result for future years Other variable income, 4% Equities, 8% Interest income on fixed income holdings: 1 “Fixed income assets at market value” x mark-to- EUR 16.5 bn market yield on fixed income instruments 2 Investments at Fixed FY 2024 income, 88% 3 Return on vari
Slide 11: Modelling Sampo's net financial result for the next quarter
Modelling Sampo’s net financial result for the next quarter Sampo’s Q4 2024 net financial result broken down Interest income & dividends into modellable components 1 “Fixed income assets at cost” x running yield on Sampo Group Q4 2024 net financial result fixed income instruments + equities * divide
Slide 12: Modelling net investment income in Sampo's operating result
Modelling net investment income in Sampo’s operating result Sampo’s FY 2024 operating net financial result broken down into modellable components Interest income & dividends Sampo Group 2024 net financial result 1 “Fixed income assets at cost” x running yield on 110 -238 fixed income instruments + e
Slide 13: Q&A
Q&A 14 March 2025 13
Slide 14: Appendix
SAMPO = GROUP Appendix 14 March 2025 14
Slide 15: Appendix A: Key sensitivities under IFRS
Appendix A: Key sensitivities under IFRS Relevant sensitivities under new segmentation Quarterly P&L effects, Q4/2024 Sampo EURm If Hastings Group¹ • Loss and combined ratio Effect on quarterly Combined ratio ² ³ Discount rate ±100 bps ±70 bps ± 35 bps ± 60 bps sensitive to changes in discount rates
Slide 16: Sampo Group investment mix, 31 December 2024
Sampo Group investment mix, 31 December 2024 Relevant asset mix under new segmentation If Topdanmark Hastings Sampo plc Sampo Group Fixed income total 88% 97% 99% 66% 88% Credit bonds, funds and loans 58% 4% 73% 14% 49% Covered bonds 18% 86% 5% 0% 24% Government bonds 7% 2% 6% 0% 6% Index-linked bon
Slide 17: Fixed income and equities mix, 31 December 2024
Fixed income and equities mix, 31 December 2024 Fixed income Listed equities Top 10 direct equity investments Sweden, 30% Value, EURm 2% 2% Denmark, 18% 4% Volvo 148 8% Norway, 14% 3% ABB 88 13% Nederman Holding 66 Finland, 9% 4% 30% Nordics Veidekke 61 United States, 7% 7% Autoliv 57 Netherlands, 4
Slide 18: Definition of Nordic underwriting KPIs
Definition of Nordic underwriting KPIs New segmentation Nordic underlying risk ratio The Nordic underlying risk ratio measures the development of margins Private excluding volatile items, such as large claims, serever weather and PYD. It includes Private, Commercial and Industrial. In addition, a sm