Supplementary Financial Information JANUARY JUNE 2018

Transcription

1 Supplementary Financial Information JANUARY JUNE 2018

2 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 assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of various factors. Important factors that may cause such a difference for Sampo include, but are not limited to: (i) the macroeconomic development, (ii) change in the competitive climate and (iii) developments in capital markets. This presentation does not imply that Sampo has undertaken to revise these forward-looking statements, beyond what is required by applicable law or applicable stock exchange regulations if and when circumstances arise that will lead to changes compared to the date when these statements were provided. 2

3 SAMPO GROUP 3

4 Key Financial Figures Sampo Group 4

5 Sampo Group results EURm Profit before taxes and net profit EURm Profit before taxes by quarters 1,200 1, , ,400 1,200 1, , / / Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Profit before taxes Net profit 5

6 Sampo Group profit before taxes EURm 1,400 1,200 1,153 1, If Topdanmark Mandatum Life Nordea Holding (excl. Nordea) Sampo Group 1-6/ /2018 6

7 Profit before taxes and comprehensive income EURm 1,400 Profit before taxes Comprehensive income 1,200 1,153 1, / / / / / / / / / /2018 If Topdanmark Mandatum Life Nordea Sampo Group 7

8 Sampo Group gross written premiums 1-6/2018 If 2,701 Total 2,701 EURm Topdanmark Total 1,421 EURm 795 Mandatum Life Total 531 EURm 1,004 Sampo Group 154 Total 4,653 EURm 3,496 Non-life With profit Unit-linked Non-life With profit Unit-linked Non-life With profit Unit-linked Non-life With profit Unit-linked 8

9 Earnings per share EPS and Comprehensive result EPS Reported EPS by quarter EUR / /2018 EUR Includes 1.26 EUR from valuing of Topdanmark to fair value Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 EPS (reported) EPS (comp. result) 9

10 Sampo Group net asset value per share EUR /

11 Net asset value per segment, 30 June 2018 EURm 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2, ,898 Topdanmark book value in Group accounts 1,398 EURm + valuation difference 177 EURm 1,575 Nordea book value in Group accounts 7,307 EURm + valuation difference -205 EURm 1,457 7,102 1,052 If Topdanmark Mandatum Life Nordea Sampo plc & eliminations 11,980 Sampo Group 11

12 Return on equity in Sampo Group s business areas 120% 100% If Mandatum Life Sampo Group 80% 60% 40% 20% 19.2% 9.1% 52.6% 53.2% 97.6% 55.7% 39.8% 36.2% 21.8% 12.4% 7.7% 36.9% 28.5% 19.9% 24.4% 18.3% 13.8% 18.1% 11.4% 10.9% 21.5% 12.7% 14.0% 25.3% 15.9% 15.0% 21.3% 13.3% 17.1% 9.4% 25.9% 10.2% 23.4% 15.7% 17.2% 0% -20% -40% -60% -0.8% -68.8% -32.4% -11.7% -80% 12

13 Fair value reserve development by segment EURm 6/ / / /2015 If Mandatum Life 533.3**) 598.7**) 595.7**) 532.1**) Holding Sampo Group *) 999.0**) 1,163.4**) 1,108.1**) 931.9**) *) Eliminations included and figures after tax **) Excluding the segregated portfolio 13

14 Fair value reserve by segment and asset class, 30 June 2018 EURm Fixed income Equity Deferred taxes The share transferred to the segregated portfolio FVR net If Mandatum Life Holding Sampo Group *) , *) Eliminations included and figures after tax 14

15 Investments Sampo Group 15

16 Investment allocation Sampo Group, 30 June 2018 Total EUR 21.7 billion By sector By company Money market 10% Public sector 5% Covered bonds 22% Other fixed income 42% Equities 15% Private equity 2% Real estate 2% Other 4% If 54% Topdanmark (P&C) 14% Mandatum Life 28% Sampo plc 5% Investments of If, Topdanmark (excluding life insurance), Mandatum Life and Sampo plc 16

17 Fixed income investment allocation Sampo Group excluding Topdanmark, 30 June 2018 Total EUR 14.7 billion By geography By sector Europe money market 8% Scandinavia money market 4% Europe 19% Scandinavia 58% North America 11% Other 1% Money market 12% Banks 27% Covered bonds 20% Public sector 7% Corporate 34% 17

18 Fixed income investments in public sector Sampo Group excluding Topdanmark, 30 June 2018 EURm Government Government guaranteed Public sector, other Total Sweden Norway Finland United States Germany Japan Denmark Total ,054 18

19 Financial sector fixed income investments by country and investment class Sampo Group excluding Topdanmark, 30 June 2018 Covered bonds Money market Long-term senior debt Long-term subord. Debt Total % Sweden 1, ,182 37% Finland ,130 13% Norway ,354 16% United States % Denmark % United Kingdom % France % Netherlands % Canada % Switzerland % Australia % Other % Total 2,917 1,572 3, , % 19

20 Equity investment allocation Sampo Group excluding Topdanmark, 30 June 2018 Total EUR 3.0 billion By geography By company Scandinavia 30% Finland 21% North America 10% Western Europe 27% Emerging Markets 11% Latin America 1% If 43% Mandatum Life 52% Sampo plc 5% 20

21 Investment returns excluding Topdanmark, January June August 2018 Yield, % EURm ML*) If Group ML*) If Group Fixed income -0.1% 0.6% 0.5% -5 (-21) 60 (13) 73 Equities 1.5% 1.4% 1.9% 22 (65) 16 (50) 46 Other (incl. FX net result) 0.4% -49.0% -8.6% 3 (0) Total 0.3% 0.5% 0.3% Realized sales gains and losses in parenthesis *) Including the segregated portfolio 21

22 Market risk sensitivity of Group investments excluding Topdanmark, 30 June 2018 EURm If Mandatum Life*) Sampo plc Sampo Group Equities -10% +10% Interest rates -100 bps +100 bps Other -10% +10% Local currency -5% +5% The changes of interest rates have a strong effect on the reinvestment risk of the insurance companies. The sensitivities include the effects of derivative positions, but do not capture indirect effects, like the impact of the changes of the discount rates in the value in force. All sensitivities are before taxes. The scenario definitions assume an uniform movement of the whole underlying market. *) Including the segregated portfolio 22

23 Capital Position Sampo Group 23

24 Group capital and minimum requirement, Solvency II applied to insurance co s, 30 June 2018 Group solvency ratio 146% EURm 14,000 13,000 12,000 11,000 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1, ,575 Group capital 4,393 Intangibles and other 2,705 10,887 7, ,104 1,898 3,698 Sectoral items Group's own funds Total capital requirement NDX Intressenter Sampo plc Topdanmark Mandatum Life If Nordea 24

25 IF 25

26 Key Financial Figures If 26

27 If profit before taxes and comprehensive income EURm / /2018 Profit before taxes Profit for the period Comprehensive income 27

28 If combined ratio development % Claims ratio Expense ratio % Risk ratio Cost ratio

29 If combined ratio development 94.0% 92.0% 90.0% Combined ratio excluding the one-offs is 86.5%. Combined ratio excluding the one-offs is 86.1%. 88.0% 86.0% 84.0% 82.0% 91.8% 92.1% 92.8% 92.0% 88.9% 88.1% 87.7% 85.4% 84.4% 85.3% 86.5% 85.8% 80.0% / /2018 Combined ratio 29

30 If GWP growth by business area and by country*, 1-6/2018 vs. 1-6/2017 Total Private 3.4% 3.4% Commercial 1.5% Industrial 6.3% Baltic 9.0% Sweden 6.2% Norway 4.0% Finland -2.5% Denmark 5.3% -6.0% -5.0% -4.0% -3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 12.0% *excluding currency effects 30

31 If technical result by business area and by country, 1-6/2018 vs. 1-6/2017 EURm (39) By business area 26 (31) (7) 8 6 (7) By country (11) (10) 6 (7) (7) (210) (294) (97) (294) 86 (163) 31

32 If results by quarter EURm Q2/18 Q1/18 Q4/17 Q3/17 Q1/17 Premiums earned 1,068 1,052 1,071 1,086 1,069 Claims incurred Operating expenses Other technical income and expenses Allocated investment return transferred from the non-technical account Technical result Investment result Allocated investment return transferred to the technical account Other income and expenses Operating result

33 If key figures by quarter Q2/18 Q1/18 Q4/17 Q3/17 Q2/17 Q1/17 Risk ratio, % Cost ratio, % Expense ratio, % Combined ratio, % Insurance margin, %

34 If key figures by business area, Q2/2018 (Q2/2017) Private Commercial Industrial Baltic GWP, EURm 727 (716) 199 (197) 137 (121) 38 (35) NPE, EURm 651 (645) 291 (288) 101 (100) 36 (33) Technical result, EURm 103 (99) 37 (22) 17 (29) 5 (3) Risk ratio, % 62.8 (62.8) 65.1 (70.4) 63.5 (50.7) 58.3 (60.8) Cost ratio, % 21.6 (21.9) 22.4 (22.4) 20.5 (21.3) 28.4 (28.8) Combined ratio, % 84.4 (84.7) 87.5 (92.9) 84.0 (72.0) 86.6 (89.6) Insurance margin, % 15.8 (15.7) 12.9 (7.8) 16.4 (28.6) 13.4 (10.4) 34

35 If key figures by country, Q2/2018 (Q2/2017) Norway Sweden Finland Denmark GWP, EURm 342 (331) 444 (430) 189 (187) 89 (87) NPE, EURm 334 (326) 373 (369) 233 (239) 104 (100) Technical result, EURm 48 (84) 89 (32) 12 (27) 8 (7) Risk ratio, % 63.2 (53.4) 58.7 (71.5) 71.3 (66.1) 64.2 (63.5) Cost ratio, % 23.2 (22.1) 17.4 (19.5) 23.6 (22.6) 28.2 (29.6) Combined ratio, % 86.4 (75.5) 76.2 (90.9) 94.9 (88.6) 92.4 (93.2) Insurance margin, % 14.6 (25.7) 23.8 (9.4) 5.1 (11.4) 7.6 (6.8) 35

36 Investments If 36

37 If investments, 30 June 2018 Investment allocation, Total EUR 11.7 billion AFS investments unrealized gains before taxes Money market 6% Fixed income 59% Covered bonds 24% Equities 11% Other 0.3% EURm Fixed income Equities Duration 1.5 years Average maturity 2.7 years Fixed income running yield 1.6% / / / / / / /16-6 9/ / / / / / / /

38 If mark-to-market investment returns Fixed income running yield Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 % % 12.0 % 12.4 % 10.0 % 8.0 % 6.0 % 4.0 % 2.0 % 0.0 % 7.4 % 1.8 % 6.1 % 5.0 % 4.1 % 1.5 % 2.9 % 2.6 % 0.5 % -2.0 % -4.0 % -3.1 % /

39 Capital Position If 39

40 If Solvency Capital Requirement (SCR), Standard Formula (SF), 30 June August 2018 EURm 4,500 4,000 Solvency ratio 221% 3,500 3, ,500 2,000 1, , ,205 1, ,117 1,898 0 Market risk Counterparty risk Insurance risk Operational risk Diversification LAC of DT SCR SII own funds 40

41 If internally assessed Solvency Ratio, 30 June 2018 EURm 4,500 4,000 Solvency ratio 306% 3,500 3,000 2,500 2, ,205 1,500 1, , ,372 41

42 If, Solvency II stresses, test on Standard Formula Solvency II EOF ratio with transitional Equity Measures 250% 200% 221% 230% 212% 237% 204% 230% 212% 212% 217% 206% 150% 100% 50% +30% -30% +100 bps -100 bps +100 bps -100 bps 0% Solvency II ratio Q2/2018 Equity Interest rate Spread 1 in 10y run-off loss 1 in 10y Nat CAT +100 bps claims inflation 42

43 If rating capital requirement, 30 June 2018 EURm 4,000 3,500 3, ,500 1,759 2,000 1,500 3,087 3,658 1, ,569 Asset risks Liability risks Diversification Total A capital charge S&P capital base 43

44 TOPDANMARK 44

45 Key Financial Figures Topdanmark 45

46 Topdanmark combined ratio development (as reported by Topdanmark stand-alone) % /2018 Topdanmark part of the Sampo Group since Q4/

47 Investments Topdanmark 47

48 Topdanmark investments, 30 June 2018 Investment allocation Total EUR 2.9 billion Money market 11% Fixed income 2% Covered bonds 61% Equities 5% Real estate 5% Other 15% Excluding Topdanmark s Life Insurance assets. 48

49 Capital Position Topdanmark 49

50 Topdanmark Solvency Capital Requirement (SCR), Standard Formula (SF), 30 June 2018 EURm Solvency ratio 175% 2,000 1,600 1,

51 MANDATUM LIFE 51

52 Key Financial Figures Mandatum Life 52

53 Mandatum Life profit before taxes and comprehensive income EURm / /2018 Profit before taxes Profit for the period Comprehensive income 53

54 Mandatum Life Group profit by components EURm 1-6/ /2017 Net investment income Transferred to expense result Return on unit-linked policies Return on with-profit policies* INVESTMENT RESULT EXPENSE RESULT** RISK RESULT OTHERS PROFIT BEFORE TAXES Change in the market value of investments PROFIT AT MARKET VALUES Mandatum Life Group, expense ratio Total expense ratio, % Incl. kick backs, % *Includes guaranteed interest, bonuses and change in the reserves of the above items **Result of unit-linked business EURm

55 Mandatum Life breakdown of unit-linked and with profit business Premiums written, total EURm 531 Insurance savings, total EURm 10,672 With profit EURm UL EURm 476 With profit EURm 3, ,379 3,380 2, ,345 UL EURm 7,094 Unit-linked life Unit-linked pension Unit-linked capital redemption Unit-linked Baltic Other life Other pension Other capital redemption Other Baltic Note: Excluding reserves for decreased discount rate, future bonus reserves and longevity reserve 55

56 Mandatum Life technical reserves EURm 12,000 Unit-linked Segregated fund (0.5% after ) Reserve for decreased discount rate Other with-profit excl. segregated fund Guaranteed 3.5% Guaranteed rate 4.5% 10,000 8,000 5,312 5,858 6,440 7,066 7,097 6,000 2,071 1,637 2,359 3,124 3,054 3,833 4,617 4,000 2, , , ,142 2, ,843 2,831 2, , ,038 2,719 2,598 2, ,360 2,245 2,108 1,957 1, ,453 1,330 1,289 1,217 1,152 1,087 1, /

57 Mandatum Life s gross written premiums by policy type in Finland EURm / / / / /2018 Unit linked With profit 57

58 Mandatum Life s new premiums written by distribution channel in Finland EURm / / /2018 Danske Bank Mandatum Life Other 58

59 Investments Mandatum Life 59

60 Mandatum Life investments, 30 June 2018 Investment allocation, Total EUR 5.0 billion* AFS investments unrealized gains before taxes Fixed income Equities Money market 14% Fixed income 42% Covered bonds 2% Equities 29% Private equity 4% EURm Duration 2.3 years Average maturity 2.5 years Fixed income running yield 2.5% Other 9% / / / / / / / / / / / / / / / / / /18 3 * Excluding the segregated fund 60

61 Allocation of investments of the segregated assets, 30 June 2018 Investment allocation Total EUR 1.1 billion Money market 3% Fixed income 75% Covered bonds 4% Equities 12% Private equity 2% Other 5% Duration 2.6 years Average maturity 3.2 years Fixed income running yield 2.3% 61

62 Mandatum Life mark-to-market investment returns* Fixed income running yield Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 % % 16.8% 15.0% 10.0% 5.0% 0.0% 11.1% 9.4% 7.1% 4.6% 6.9% 7.2% 6.5% 0.4% -5.0% -1.4% -10.0% -7.8% Q2/2018 * Excluding unit-linked and segregated fund assets 62

63 Capital Position Mandatum Life 63

64 Mandatum Life, Solvency II Capital Requirements with transitional measures, 30 June 2018 EURm 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1, , Solvency ratio 194% ,104 2,145 64

65 Mandatum Life, SCR Coverage Ratio, Estimated sensitivities, 30 June % 200% 194% 190% 199% 187% 187% 150% 100% 50% 0% Base case 30/6/2018 Interest rates -25 bps Interest rates +25 bps Equity -10% Credit spread +50% 65

66 HOLDING 66

67 Holding segment profit before taxes EURm 1-6/ / Income Operating costs Finance costs Nordea & NDX Intressenter AB Profit before taxes 67

68 Sampo plc investments, 30 June 2018 Investment allocation (unconsolidated) Total EUR 1.4 billion Money market 30% Fixed income 38% Private equity 17% Equities 12% Other 3% Duration 1.1 years Average maturity 4.9 years Fixed income running yield 3.0% 68

69 Sampo plc balance sheet, 30 June 2018 Assets total, EURm 10,688 Liabilities total, EURm 10,688 Liquidity 414 CPs issued 195 Investment assets 458 LT senior debt 3,341 Real estate 2 Private placements 130 Fixed income 23 Bonds issued 3,211 Equity and private equity 433 Pension insurance loans 0 Subordinated loans 492 Subordinated debt 0 Equity holdings 9,199 Capital 7,051 Subsidiaries (If, ML, Topdanmark) 3,401 Undistributable capital 98 Associates (Nordea) 5,799 Distributable capital 6,953 Other assets 125 Other liabilities

70 Net interest bearing debt in Sampo plc EURm Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 + Gross debt 3,535 3,591 3,177 3,178 3,279 2,932 3,548 2,845 2,461 2,483 Bonds & notes 3,341 3,359 2,884 2,885 2,884 2,399 2,877 2,142 2,157 2,183 Domestic CP s Interest bearing assets Liquidity buffer + fixed income Subordinated loans 928 2,428 1,754 1,184 1,137 2,112 2, ,058 2, ,944 1, ,471 1, , Net debt 2,607 1,163 1,423 1,994 2, ,443 1,853 1,

71 Sampo plc debt instruments, 30 June 2018 Instrument & Principal Coupon Swap Effective Rate Maturity CP s issued 195 EURm Euribor + Margin % Average 3M Senior Bond 500 EURm 1.125% % 24/5/2019 Senior Bond 2,000 SEKm Stibor3M % Euribor3M % % 28/5/2020 Senior Bond 1,000 SEKm 1.250% EUR 1.007% % 28/5/2020 Senior Bond 500 EURm 1.500% % 16/9/2021 Senior Bond 700 SEKm 0.875% Euribor6M % % 23/5/2022 Senior Bond 1,300 SEKm Stibor3M+0.55% Euribor6M % % 23/5/2022 Senior Bond 750 EURm 1.000% % 18/09/2023 Senior Bond 500 EURm 1.250% EUR6M % % 20/05/2025 Senior Bond 500 EURm 1.625% EUR6M % 0.288% 21/02/2028 Public debt 3,405 EURm % Private placements 130 EURm % Total 3,535 EURm % Key Credit Metrics Net debt, EURm 2,607 Equity, EURm 7,051 Gross Debt to Equity 50% Financial Leverage 33% 71

72 NORDEA 72

73 Nordea s book value on Sampo Group s consolidated balance sheet, 30 June 2018 Nordea in Sampo Group s balance sheet EURm Acquisition price 5,557.3 Retained earnings 2,068.7 Accumulated other changes in Nordea s equity Share of Nordea s net profit Amortization Deferred tax 3.9 Dividends Share of Nordea s other comprehensive income Share of Nordea s other changes in equity Share of Nordea s goodwill change -1.9 Total 7,306.8 Shares 860,440,

74 Nordea share price and book value EUR /31/2009 3/31/2010 6/30/2010 9/30/ /31/2010 3/31/2011 6/30/2011 9/30/ /31/2011 3/31/2012 6/30/2012 9/30/ /31/2012 3/31/2013 6/30/2013 9/30/ /31/2013 3/31/2014 6/30/2014 9/30/ /31/2014 3/31/2015 6/30/2015 9/30/ /31/2015 3/31/2016 6/30/2016 9/30/ /31/2016 3/31/2017 6/30/2017 9/30/ /31/2017 3/31/2018 6/30/2018 Share price, lhs Book value, lhs 74

75 Sampo s Nordea holding valuation differences EURm 3,500 3,000 2,500 2,000 1,500 1, , ,507 2,132 2,0081,811 1,260 2,999 2,621 1,4391, ,570 2,267 2,352 2,008 1, ,

76 OUTLOOK 76

77 Outlook for 2018 Sampo Group s business areas are expected to report good operating results for However, the mark-to-market results are, particularly in life insurance, highly dependent on capital market developments. The continuing low interest rate level also creates a challenging environment for reinvestment in fixed income instruments. If P&C is expected to reach a combined ratio target of per cent for the full-year With regard to Topdanmark, reference is made to the profit forecast model that the company publishes quarterly. Nordea s contribution to the Group s profit is expected to be significant. 77

78 APPENDIX 78

79 Sampo Group structure Long-term investor Manager of capital structure and liquidity Pay-out ratio 50% 100% > 46.7% 100% Subsidiary Subsidiary Subsidiary 21.2% Associated Company Market position The leading P&C insurer in the Nordic region with full service offering and a strong European presence The second largest P&C insurer in Denmark One of Finland s most respected and best capitalised financial services providers to private & corporate customers The most diversified banking in the Nordics with strong capital generation Strategy Focus areas: Customer value Focused insurance expertise Nordic business platform Investment strategy with balanced risk Customer satisfaction Pricing Efficiency Digitalisation, Process optimisation, transformation Distribution efficiency Unit-linked products Wealth management Personal Risk insurance Group pension & Reward Services Transformation to be the Future Relationship Bank Efficient and scalable Fast and agile Resilient and compliant Investment assets ~ EURbn 11.7 ~ EURbn 2.9 (P&C) ~ EURbn 6.1 ~ B/S EURbn 570 ~ AuM EURbn 307 Return / profit target RoE above 17.5% CR% below 95% Profit margin of 10% CR% 91% RoE above 17.5% ROE above the Nordic peer average 79

80 Structural changes of Sampo Group to the position as the leading Nordic financial group Mandatum Bank joins the Group, and the Group s name is shortened to Sampo. Sampo Group divests Sampo Bank Group to Danske Bank A/S. Following the transaction, Sampo s business areas are: P&C insurance and life insurance. Sampo Group s (If P&C s) Topdanmark holding exceeds 23 per cent and Topdanmark becomes If s associated company. Sampo Group (Mandatum Life) acquires Suomi Mutual s with-profit group pension portfolio. The portfolio transfer takes place on 30 Decenber Sampo consolidates Topdanmark as a subsidiary as of 30 September Sampo pcl invests in three financial and fintech companies Nordax, Nets and Saxo Bank. Nordax becomes Sampo s associated company. Sampo Insurance Company and Leonia merge into the Sampo-Leonia financial services group. The Group s business areas are long-term savings (life insurance, asset management and mutual funds), banking, investment banking, and P&C insurance. Sampo s P&C insurance operations are merged with If (2002). Following the transaction, Sampo owns 38 per cent of If. If becomes fully owned by Sampo (2004). Following the transaction, Sampo has three core businesses: P&C insurance, banking and long-term savings. Sampo s Nordea holding exceeds 20 per cent and Nordea becomes an associated company. Sampo Group (If P&C) acquires Tryg s Finnish Business and the acquisition was closed in May If P&C signs a partnership agreement with Nordea. Sampo plc s ownership of Topdanmark exceeds per cent after the acquisition of shares from If P&C and in the market and hence Sampo is obliged to make a mandatory offer for the shareholders of Topdanmark. As a result Sampo plc owns 41.1 per cent of Topdanmark s shares. Topdanmark now becomes Sampo s associated company. 80

81 Sampo plc s ownership structure, 30 June 2018 Solidium Oy 10.09%* Varma Mutual Pension Insurance Company 4.01 % The State Pension Fund 0.70% Ilmarinen Mutual Pension Insurance Company 0.69% Kaleva Mutual Insurance Company 0.48% Other domestic owners 16.78% Foreign and nominee registered owners 67.25% Björn Wahlroos, the Chairman of the Board of Sampo plc, controls 8.3 million Sampo A shares, corresponding to 1.5 per cent of the total shares in Sampo. * Entirely owned by the Finnish state 81

82 Sampo Group staff Sampo Group staff (FTE) 30 June December 2017 If 6,647 6,451 Finland 1,752 1,777 Sweden 2,133 1,955 Norway 1,308 1,312 Denmark Baltic and other countries Topdanmark 2,317 2,405 Denmark 2,315 2,403 Luxemburg 2 - Mandatum Life Finland Baltic countries Holding Sampo Group, total 9,554 6,439 82

83 P&C insurance Market shares by country, % Norway Q1/2018 Sweden Q1/2018 Finland 2017 Gjensidige 26% If 21% Tryg 13% Sparebank1 11% DnB 5% Eika 4% RSA 3% Storebrand 3% Protector 3% Frende Sakdeforsikring 3% Other 9% LF 31% If 19% Trygg-Hansa 15% Folksam 16% Moderna 3% Dina-gruppen 3% Gjensidige 3% Other 12% OP 33% LähiTapiola 26% If 22% Fennia 9% Other 10% Denmark Q2/2017 Tryg 18% Topdanmark 17% If 6% Codan (RSA) 11% Alm.Brand 10% Gjensidige 7% Other 32% Baltics 2016 Nordics 2016 PZU 24% If 12% VIG 19% Ergo 13% Gjensidige 11% Seesam 6% Swedbank 7% Other 8% If 18% Topdanmark 5% Tryg 9% LF 10% RSA Scand. 9% Gjensidige 8% Folksam 6% OP 6% LähiTapiola 4% 83 Other 25%

84 Life insurance Market shares by country, % Norway 2017 Sweden Q1/2018 Finland 2017 DnB 15% Storebrand 1 17% KLP 35% Nordea Liv 12% Sparebank 6% Gjensidige 2% If 1% Tryg 1% Other 12% Skandia 12% SEB 8% Folksam 14% Swedbank 6% AMF Pension 9% Avanza 7% Nordea Liv 7% LF 4% Nordnet 3% Alecta 10% SHB 6% SPP 3% Danica 8% Other 2% OP Life 22% Mandatum Life (+Kaleva 1.3%) 21% Nordea 31% LähiTapiola 12% Fennia 4% Aktia 3% Sp-Life 4% Denmark 2017 Baltics 2016 PFA Pension 30% Danica Pension 22% Nordea Liv & Pension 18% SEB Pension 9% Topdanmark 9% AP Pension 7% Skandia 6% Alm.Brand 1% Mandatum Life 7% Other 93% 84

85 Supplementary Financial Information JANUARY JUNE 2018 Sampo plc Fabianinkatu Helsinki, Finland Phone: Business ID: sampo-plc 85