Sampo Group

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Sampo Oyj
Julkinen osakeyhtiö
Traded as Nasdaq HelsinkiSAMPO
Industry Financial services
Founded 1988
Headquarters Helsinki, Finland
Key people
Björn Wahlroos (Chairman), Kari Stadigh (President and CEO)
Products Life insurance and Non-Life Insurance
Decrease €1.871 billion (2016)
Decrease €1.65 billion (2016)
Total assets Increase €37.955 billion (2016)
Total equity Increase €11.934 billion (2016)
Number of employees
Increase 6,780 (FTE, 2016)
Website www.sampo.com
Footnotes / references
[1][2]

Sampo Oyj is a Nordic financial company made up of the parent company Sampo plc and If P&C Insurance Holding Ltd, Mandatum Life Insurance Company Ltd and Topdanmark, all of which are its subsidiaries. The parent company in Helsinki administers the subsidiaries. Sampo Group employs nearly 6,800 employees. Kari Stadigh is the Group CEO and President for Sampo.

Largest shareholders of Sampo Group are Finnish national institutions (Government of Finland, Municipality Pension Agency and State Pension Fund) with 11.25% share.

Sampo Group had a banking operations under the name of Sampo Bank between 2000 - 2006. In November 2006, it was disclosed that the banking business of Sampo was sold to the Danish Danske Bank so that Sampo could concentrate on its insurance business.[3] The proceeds of the sale were invested in the shares of Nordea, the largest bank in the Nordic region. Sampo currently owns more than 20 per cent and is a major shareholder in Nordea. Nordea is Sampo’s associated company.

Share[edit]

Sampo plc's A share has been listed on NASDAQ OMX Helsinki (former Helsinki Stock Exchange) since January 1988. In terms of market capitalization Sampo plc is one of the largest companies listed on NASDAQ OMX Helsinki.

Shareholder structure (31 July 2017)
Name Percentile
Solidium (entirely owned by the Finnish state) 11.90%
Varma Mutual Pension Insurance Company 5.35%
Björn Wahlroos 1.79%
The State Pension Fund 0,70 %
Ilmarinen Mutual Pension Insurance Company 0,66 %

Foreign and nominee registered owners had 60,20 % of Sampo plc's shares (31 July 2017).[4] Sampo plc has 106,491 registered owners.

If[edit]

If P&C Insurance is responsible for Sampo Group's property and casualty insurance operations. If P&C Insurance is the leading property and casualty insurer in the Nordic region, with more than 3.7 million customers in the Nordic and Baltic countries. If offers insurance solutions and services in Finland, Sweden, Norway, Denmark, Estonia, Latvia and Lithuania.

Mandatum Life[edit]

Sampo plc owns the entire stock of the Mandatum Life Insurance Company Limited. The Mandatum Life Group owns Mandatum Life Insurance Baltic SE, which operates in all Baltic countries and is domiciled in Estonia. In Latvia and Lithuania the company operates through branch offices. Subsidiary Innova Services Ltd operates in Finland. Mandatum Life's market share of the Finnish and the Baltic insurance markets is about 20 per cent.

Nordea[edit]

Nordea Bank AB, commonly referred to as Nordea, is a Nordic financial services group operating in Northern Europe. In October 2009 Sampo plc received permission from Swedish authorities to acquire more than 20% of Nordea.[5] Today Sampo Group owns 21.2% [6] of the banking group and Nordea is Sampo's associated company.

Name[edit]

In Finnish mythology the name Sampo refers to a mythical machine that creates salt, food, flour and gold out of nothing.

See also[edit]

External links[edit]

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