If P&C Insurance

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If P&C Insurance Company Ltd.
IndustryInsurance, financial services
HeadquartersStockholm, Sweden
Area served
Sweden, Norway, Finland, Denmark, Russia, Estonia, Latvia, Lithuania
Key people
Torbjörn Magnusson
ProductsInsurance annuities, mutual funds
OwnerSampo Oyj
Number of employees
6,830 (2013)

If P&C Insurance Company Ltd. is a property and casualty insurance company with approximately 3.8 million customers in Sweden, Norway, Finland, Denmark, Estonia, Latvia, Lithuania and Russia. In 2013, the group had gross premiums written of SEK 39 billion and 6,830 employees.


If P&C Insurance was formed in 1999 through the merger of the property and casualty insurance operations of Storebrand of Norway and Skandia of Sweden. In 2001, If and Sampo’s property and casualty insurance operations merged.

Torbjörn Magnusson was appointed President and CEO a year later.

In the Spring of 2004, Sampo acquired Storebrand’s, Skandia’s and Skandia Liv’s holdings of If shares.