Kari Stadigh Group CEO and President
|
|
- Doris Powers
- 5 years ago
- Views:
Transcription
1 Sampo plc Annual General Meeting 18 April 2013 Kari Stadigh Group CEO and President
2 The Government is overregulating and we all are shying away from our responsibilities 6 of 10 respondents consider that the government is overregulating 7 of 10 consider that too often we outsource responsibility of our own business to the society * for in Finland legislative activity is one of the highest in Europe only ~12% of the bills enacted during Finnish membership contained a reference to EU (during EU membership total number of new EU laws ~ 70,000) Finnish law production: ~ 40% one paragraph modifications of existing laws A surprisingly strong confidence in the omnipotence of legislation *EVA Holhouksen alaiset (TNS Gallup, a panel of years of age representatives of the whole population, N=1131)
3 In 2012 the flood of regulations on financial services continued Banking Union / Bank Supervision agreement on Single Supervisory Mechanism; discussions continue about Single Resolution Mechanism and Deposit Guarantee Scheme Capital requirements for banks agreement on CRD IV/CRR package; starting time not decided yet; regulation comes into effect phase by phase in Solvency II postponed The Liikanen report possible legislative actions Gender neutral pricing adopted for voluntary individual policies PRIP (Packaged Retail Investment Products) financial products preparations for regulation on information for customers Financial Transaction Tax (FTT) preparations proceed between 11 EU member states, Finland not involved Over 14,000 changes in the financial services legislation in Europe in KPMG CRD IV Capital Requirements Directive, CRR Capital Requirements Regulation
4 Sampo Group had a strong 2012 Sampo Group has more capital than ever before, both as a Group and in each of the business areas The profit before taxes was higher than ever before*. * excl. the sale of Sampo Bank in 2007
5 Profits at all-time high in P&C insurance and banking EURm Sampo Group s profit before taxes 858 If P&C / / Mandatum Life Nordea Holding* Sampo Group * excl. Nordea
6 Favourable marked-to-market earnings development EUR 3,60 3,20 2,80 2,40 2,00 1,60 1,20 0,80 0,40 0,00 EPS and Comprehensive result EPS 1,85 1,22 2,51 3, / /2012 EPS (reported) EPS (comp. result) EUR 0,80 0,60 0,40 0,20 0,00 0,50 Reported EPS by quarter 0,57 0,66 0,56 0,72 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12
7 Net asset value grew despite the high dividend EUR 20,00 18,00 16,00 14,00 12,00 10,00 8,00 6,00 4,00 2,00 0,00 5,97 Sampo Group net asset value per share 7,67 9,21 13,49 8,28 14,63 17,79 14,05 17,
8 Reinvesting proceeds becoming more difficult Investment allocation, 31 December 2012 Total EUR 18.2 billion Equities 16% Real Estate 2% Other 3% Money Market 12% Long-Term Fixed Income 67% Investments of Sampo plc, Mandatum Life and If P&C
9 Sampo Group s Businesses in 2012
10 If P&C insurance the largest insurer in the Nordic countries In 2012 best ever combined ratio, strongest ever solvency position and all-time high premium income.
11 If P&C is the dominant Nordic P&C insurer Gross Written Premiums in 2012, EUR billion If 4,7 Tryg Gjensidige RSA Scand.(Net) LF 2,7 2,5 2,2 2,2 3 million private customers 320,000 corporate clients 6,400 employees 1.4 million claims per year, of which > 50% handled within 24 hours Pohjola Topdanmark 1,2 1,2
12 If P&C achieved the best combined ratio in its history in 2012 % 100 If P&C Insurance - combined ratio development Claims ratio Expense ratio Long-term target < 95%
13 Despite large claims combined ratio in 2012 was the best-ever Large claims affect the volatility of results significantly in short-term (both related to current and prior years). In 2012 large claims were EUR 50m higher than an average year. Normalised, If expects roughly EUR 20-25m each month. Reinsurance protects against excess losses.
14 If P&C s results are more stable than its peers European insurance - Average combined ratio e against volatility 7 Sub-group 2 Sub-group 3 Standard deviation, % Gjensidige Topdanmark Sub-group 1 If P&C Swiss Re Tryg SCOR Hannover Re Generali Munich Re AXA Aviva Source: Macquarie. European Insurance, 22 January 2013 AVERAGE Allianz Zig Combined ratio, % Sub-group 4
15 Growth initiatives in Finland If P&C to take over Tryg s Finnish business A consideration of EUR 15 million Tryg s branch in Finland has 155,000 customers a market share of approximately two per cent a premium income of EUR 84 million (2011) ~ 200 employees, who will be transferred to If If P&C and Nordea sign a new insurance partnership Nordea will offer If s general insurances to its personal customers as a part of banking services via its branches and the internet in Finland, Sweden and the Baltic countries. General insurances will form a fixed part of the comprehensive advisory concept and everyday risk management that Nordea offers to its customers; e.g. offering a home insurance when negotiating about a housing loan.
16 If P&C is the largest shareholder in Topdanmark Topdanmark s shareholder structure Sampo Group s holding in Topdanmark ~23% of the shares ~26% of the votes Sampo Other foreign shareholders Danish institutions Private shareholders, foundations etc. Own shares Employees etc. Nominee holdings 31,476,920 shares with an average acquisition price of DKK 73.53/share Acquisition value DKK 2.3 bn Market value DKK 4.4 bn, March 28, 2013
17 Nordea Bank the largest bank in the Nordic countries In 2012, Nordea had more customers, more capital and higher profit than ever before.
18 Sweden Norway Nordea has a unique position in the Nordics 1 Superior customer franchise 2 Retail Customers Corporates & Institutions No. of relationships (m) Market position 4.2 # #2 No. of relationships ( 000s) Market position 246 # #2 Global capabilities on par with international peers 1 Capital Markets #1 Asset Management #1 Finland Retail market Denmark 3.2 # #2 125 #1 50 #1-2 Life & Pension #1 Private Banking #1 Total Nordea 11.2 #1 625 #1 Source: Nordea; Poland (668,000 total customers), Baltics (406,700 total customers) and Russia (67,000 total customers) are not included in the figures. 1 Ranking in Nordic region
19 Nordea is the most diversified Nordic bank 73% Geographic exposure vs. Nordic peers¹, % Largest single market contribution of loans ~60% ~70% ~70% ~80% ~90% Total loans to public by geography, % Poland 2 Baltics % 2% Norway 18 % Russia 1 % Finland 27 % 27% Denmark 24% Sweden 26 % Nordea Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Total: EUR 346 bn 1 Comparison based on reported geographical breakdown of loans to the public; latest available financials. Source: Nordea
20 Nordea is committed to deliver on the 2015 plan Nordea market commitments Key initiatives and levers Strong capital generation and return of excess capital to our shareholders Capital initiatives to maintain CT1 ratio >13% ROE target of 15% at a CT1 ratio >13% and with normalised interest rates Initiatives for income generation Flat costs Initiatives for cost savings of ~EUR 450 m Delivering low volatility results based on a well diversified and resilient business model Low risk profile and low volatility Source: Nordea
21 Mandatum Life the leading expert on money and life in Finland In 2012, higher than ever solvency capital, record sales performance by Danske Bank and all-time high unit-linked savings.
22 Excellent sales performance by Danske Bank EURm New premiums written by channel in Finland Danske Bank Others Mandatum Life
23 Comprehensive expert services for rewarding and managing personnel funds Innova s market share of managing personnel funds Other funds Total number of funds % 61 % Funds managed by Innova Total number of members in the funds 118,000 Members in other funds 28 % 72 % Members in funds managed by Innova
24 Sampo plc Sampo s dividend distribution capacity offers a stable value creation to its shareholders.
25 Sampo plc s dividend capacity is strong EURm Dividends received by Sampo plc If Mandatum Life Nordea
26 Sampo is a dividend stock EUR 1,40 1,20 1,00 0, Sampo plc - Dividend per share ,60 0,40 0,20 0, * * Board s proposal to the AGM held on 18 April 2013
27 Sampo continues to be a good investment Sampo and EuroSTOXX indices = Total annual return of Sampo share since year 2000 ~19% Sampo EuroSTOXX Europe, Banks/Insurance, 50/ Source: Reuters EcoWin
28 Sampo plc Annual General Meeting 18 April 2013 Kari Stadigh Group CEO and President
Björn Wahlroos Chairman of the Board
Sampo plc Annual General Meeting 18 April 2013 Björn Wahlroos Chairman of the Board USA and Euro area industrial production 105 100 2007=100 USA 95 90 85 Euro area 80 2007 2008 2009 2010 2011 2012 2013
More informationSampo plc Annual General Meeting 24 April Kari Stadigh Group CEO and President
Sampo plc Annual General Meeting 24 April 2014 Kari Stadigh Group CEO and President Sampo Group had an excellent year 2013 EURm 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 200 864 929 Sampo Group s
More informationSampo plc Annual General Meeting Kari Stadigh Group CEO and President
Sampo plc Annual General Meeting 2018 Kari Stadigh Group CEO and President Solid result within insurance EURm 3,000 Sampo Group profit before taxes by segment 2,600 2,482 2,200 1,800 1,668 1,759 1,888
More informationCMD Agenda, 30 May 2013
CMD Agenda, 30 May 2013 12.30-12.45 Welcome - Kari Stadigh, Group CEO and President, Sampo Group 12.45-13.15 Torbjörn Magnusson, Head of P&C Insurance, Sampo Group 13.15-13.45 Christian Sagild, CEO of
More informationSampo plc Annual General Meeting Kari Stadigh Group CEO and President
Sampo plc Annual General Meeting 2017 Kari Stadigh Group CEO and President 2016 was a good year for Sampo Group EURm 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0-200 Sampo Group profit before
More informationSampo Group. Debt Investor Presentation. Prepared March 18, 2013 Figures December 31,
Sampo Group Debt Investor Presentation Prepared March 18, 2013 Figures December 31, 2012 www.sampo.com/debtpresentation Disclaimer This presentation may contain forward-looking statements that reflect
More informationSampo Group. Debt Investor Presentation. Prepared May 13, 2013 Figures March 31,
Sampo Group Debt Investor Presentation Prepared May 13, 2013 Figures March 31, 2013 www.sampo.com/debtpresentation Disclaimer This presentation may contain forward-looking statements that reflect management
More informationKeefe, Bruyette & Woods. Financials Conference. Group CFO Peter Johansson 20 September 2011
Keefe, Bruyette & Woods 211 UK Day and European Financials Conference Group CFO Peter Johansson 2 September 211 Structure Sampo plc Parent company for the Group Market Cap ~ EUR 11 bn* 21.3% Over 2% Nordea
More informationNordea Market s Insurance Seminar January 10, 2011 Group CFO Peter Johansson
Nordea Market s Insurance Seminar 2011 January 10, 2011 Group CFO Peter Johansson Disclaimer This presentation may contain forward-looking statements that reflect management s current views with respect
More informationSampo Group. Debt Investor Presentation. Prepared May 16, 2014 Figures March 31,
Sampo Group Debt Investor Presentation Prepared May 16, 2014 Figures March 31, 2014 www.sampo.com/debtpresentation DEBT INVESTOR CONTACTS Markku Pehkonen, CRO tel. +358 10 516 0014 markku.pehkonen@sampo.fi
More informationDebt Investor Presentation
Sampo Group Debt Investor Presentation Prepared May 21, 2012 Figures March 31, 2012 www.sampo.com/debtpresentation 21/05/2012 2 Disclaimer This presentation may contain forward looking statements that
More informationSampo plc Annual General Meeting 16 April Björn Wahlroos Chairman of the Board
Sampo plc Annual General Meeting 16 April 2015 Björn Wahlroos Chairman of the Board ECB deposit rate is negative ECB and FED deposit rates FED ECB Source: Thomson Reuters Datastream Eurobond yields heading
More informationDebt Investor Presentation
Sampo Group Debt Investor Presentation Prepared November 13, 2012 Figures September 30, 2012 www.sampo.com/debtpresentation 11/12/2012 2 Disclaimer This presentation may contain forward looking statements
More informationSupplementary Financial Information Sampo Group. January - March 2009
Supplementary Financial Information Sampo Group January - March 2009 Sampo Group in January March 2009 Sampo Group s profit before taxes amounted to EUR 169 million (142). EPS amounted to EUR 0.23 (0.18),
More informationSupplementary Financial Information JANUARY DECEMBER 2017
Supplementary Financial Information JANUARY DECEMBER 2017 1 Disclaimer This presentation may contain forward-looking statements that reflect management s current views with respect to certain future events
More informationSupplementary Financial Information Sampo Group. January - June 2009
Supplementary Financial Information Sampo Group January - June 2009 Sampo Group in January June 2009 Sampo Group s profit before taxes amounted to EUR 433 million (422). EPS amounted to EUR 0.61 (0.60),
More informationCapital Market Day. Group CEO and President Kari Stadigh. May 19 th, 2009
Capital Market Day Group CEO and President Kari Stadigh May 19 th, 2009 Sampo Group s results AFS, Profit before taxes M-to-M profit before taxes EURm 200 EURm 100 1Q/2009 24 1Q/2008 150 0 100 169 142-100
More informationMorgan Stanley Financial Services Conference
Morgan Stanley Financial Services Conference Group CEO and President, Björn Wahlroos April 1 st, 2009 Sampo Group s History The 21st century in Sampo Group has been reflected by several structural changes.
More informationSupplementary Financial Information JANUARY JUNE 2018
Supplementary Financial Information JANUARY JUNE 2018 Disclaimer This presentation may contain forward-looking statements that reflect management s current views with respect to certain future events and
More informationContents. Sampo Group Interim Report January September Contents. Summary 3
Contents Contents Summary 3 THIRD quarter 2013 in brief 4 Business areas 5 P&C insurance 5 Associated company Nordea Bank Ab 8 Life insurance 10 Holding 12 Other developments 13 Personnel 13 Remuneration
More informationBuilding for the future
Building for the future Sanford C. Bernstein Pan-European Strategic Decisions Conference 18 September 2014 Christian Clausen, President and Group CEO Disclaimer This presentation contains forward-looking
More informationINTERIM REPORT 5 NOVEMBER 2015
Q3 INTERIM REPORT JANUARY SEPTEMBER 2015 5 NOVEMBER 2015 Contents 3 Summary 5 Third quarter 2015 in brief 6 Change in reporting practices as of 1 January 2016 7 Business areas 7 P&C insurance 10 Associated
More informationNordea Retail Banking. Sampo Analyst Day 29 August 2013 Topi Manner, Head of Banking Finland
Nordea Retail Banking Sampo Analyst Day 29 August 2013 Topi Manner, Head of Banking Finland Disclaimer This presentation contains forward-looking statements that reflect management s current views with
More informationFinancial Statement Release
2017 Financial Statement Release 7 FE B RUARY 201 8 Contents Summary 3 Fourth quarter in brief 5 Business areas 6 If 6 Topdanmark 9 Associated company Nordea Bank AB 10 Mandatum Life 12 Holding 14 Other
More informationSupplementary Financial Information JANUARY SEPTEMBER 2017
Supplementary Financial Information JANUARY SEPTEMBER 2017 1 Disclaimer This presentation may contain forward-looking statements that reflect management s current views with respect to certain future events
More informationInvestor meetings. March Visit for further information
Investor meetings March 2007 Visit www.trygvesta.com for further information 1 Contents Highlights 2006......3 Claims and run-off..8 Business areas...10 Outlook, capital and dividend..20 Outlook 2007.23
More informationHalf-Year Financial Report 9 AU G U S T
Q2 Half-Year Financial Report January June 2017 9 AUGUST 2017 Contents Summary 3 Second quarter 2017 in brief 5 Business areas 6 P&C insurance 6 Associated company Nordea Bank AB 9 Life insurance 11 Holding
More informationDebt Investor Presentation
Debt Investor Presentation JANUARY MARCH 218 PREPARED May 17, 218 FIGURES January-March, 218 DEBT INVESTOR CONTACTS Markku Pehkonen, CRO tel. +358 1 516 14 markku.pehkonen@sampo.fi Peter Johansson, CFO
More informationInterim Statement 1 1 M AY
Q1 Interim Statement January March 2017 11 MAY 2017 Contents Summary 3 Business areas 5 P&C insurance 5 Associated company Nordea Bank AB 7 Life insurance 9 Holding 11 Other developments 12 Annual General
More informationDebt Investor Presentation. PREPARED February 8, 2018 FIGURES January-December, 2017
Debt Investor Presentation PREPARED February 8, 2018 FIGURES January-December, 2017 DEBT INVESTOR CONTACTS Markku Pehkonen, CRO tel. +358 10 516 0014 markku.pehkonen@sampo.fi Peter Johansson, CFO tel.
More informationINTERIM STATEMENT JANUARY MARCH 2016
INTERIM STATEMENT JANUARY MARCH 2016 11 May 2016 CONTENTS Summary 3 Business areas 5 P&C insurance 5 Associated company Nordea Bank AB 7 Life insurance 9 Holding 11 Other developments 12 Annual General
More informationSupplementary Financial Information Sampo Group. January-December 2010
Supplementary Financial Information Sampo Group January-December 2010 Disclaimer This presentation may contain forward-looking statements that reflect management s current views with respect to certain
More informationSOLVENCY AND FINANCIAL CONDITION REPORT
SOLVENCY AND FINANCIAL CONDITION REPORT 2017 May 2018 Contents Summary 3 A. Business and Performance 12 A.1 Business 12 A.2 Underwriting performance 12 A.3 Investment performance 12 A.4 Performance of
More informationTopdanmark s Equity Story
Topdanmark s Equity Story Share profile Focused strategy Danish player Stable insurance risks Low expense ratio Limited financial risk Synergy between life and non-life insurance Efficient capital management
More informationTable of Contents. Group Governance Board of Directors' Report Risk Management Financial Statements Calendar and Contacts
Table of Contents Group Governance Board of Directors' Report Risk Management Financial Statements Calendar and Contacts 3 44 63 95 199 340 Group GROUP Group CEO's Review 2017 in Figures Strategy - Dividend
More informationPohjola Group. Interim Report Q4/2010 Financial Statements for 2010
1 Pohjola Group Interim Report Q4/21 Financial Statements for 21 2 Pohjola Group Interim Report Q4/21 Financial Statements for 21 3 Contents Interim Report Q4/21 Financial Statements for 21 4 2 Dividend
More informationCarnegie Seminar Stockholm 7 September IR Manager Lars Møller. Presentation can be downloaded at
Carnegie Seminar Stockholm 7 September 2011 IR Manager Lars Møller Presentation can be downloaded at www.tryg.com Disclaimer Certain statements in this presentation are based on the beliefs of our management
More informationKBW European Financials Conference. Download presentation 1. on tryg.com. London, 19 September Tor Magne Lønnum - CFO
KBW European Financials Conference London, 19 September 2012 Tor Magne Lønnum - CFO Download presentation 1 on tryg.com Disclaimer Certain statements in this presentation are based on the beliefs of our
More informationNORDIC NON-LIFE Weather and financial market chills
EQUITY RESEARCH Research report prepared by DNB Markets, a division of DNB Bank ASA This report was completed and disseminated at 7:01 CET on 0 NORDIC NON-LIFE Weather and financial market chills We expect
More informationKeefe, Bruyette & Woods 2012 European Financials Conference 19 September Niklas Ekvall Head of Group Treasury
Keefe, Bruyette & Woods 2012 European Financials Conference 19 September 2012 Niklas Ekvall Head of Group Treasury Disclaimer This presentation contains forward-looking statements that reflect management
More informationSecond quarter 2013 results Strengthened customer relations, flat costs and higher capital
Second quarter 2013 results Strengthened customer relations, flat costs and higher capital International telephone conference 17 July 2013 Christian Clausen, Group CEO Disclaimer This presentation contains
More informationOKO Bank Presentation. Finnish Economy Finnish Financial Industry OP Bank Group OKO Bank Funding Strategy
OKO Bank Presentation I II III IV V Finnish Economy Finnish Financial Industry OP Bank Group OKO Bank Funding Strategy 1 I Finnish Economy 2 Nordic countries in a nutshell Iceland Population: 0.3 million
More informationSampo Capital Markets Day London, 07 September Heikki Ilkka Nordea Group CFO
Sampo Capital Markets Day London, 07 September 2017 Heikki Ilkka Nordea Group CFO Nordea in brief The largest financial services group in the Nordics Household market position #1 Corporate & Institutional
More informationNew Standards update on initiatives
New Standards update on initiatives Elisabeth Toftmann Klintholm Chief IR Officer Nordea Large Cap Seminar Stockholm, 28 May 2013 Vision Recognised as the most trusted financial partner Customer satisfaction
More informationPohjola Bank plc s Financial Statements Bulletin for 1 January 31 December 2013
Pohjola Bank plc s Financial Statements Bulletin for 1 January 31 December 2013 Background Material 2 Disclaimer Certain statements in this presentation are based on the beliefs of our management as well
More informationBuilding a world class insurer
Building a world class insurer CEO Morten Hübbe Berenberg European Conference 3 December 2014 Download presentation on tryg.com Disclaimer Certain statements in today s presentations are based on the beliefs
More informationInterim Statement 9 MAY 2018
Q1 Interim Statement JANUARY MARCH 2018 9 MAY 2018 Contents Summary 3 Business areas 5 If 5 Topdanmark 7 Associated company Nordea Bank AB 9 Mandatum Life 10 Holding 12 Other developments 13 Events after
More informationHalf-Year Financial Report 8 AUGUST 2018
Q2 Half-Year Financial Report JANUARY JUNE 2018 8 AUGUST 2018 Contents Summary 3 Second quarter 2018 in brief 5 Business areas 6 If 6 Topdanmark 8 Associated company Nordea Bank AB 10 Mandatum Life 11
More informationBoard of Directors Report and Financial Statements 2012
Board of Directors Report and Financial Statements 2012 Contents board of directors report 3 IFRS financial statements 2012 Consolidated Comprehensive Income Statement 10 Consolidated Balance Sheet 11
More informationMeritaNordbanken Unidanmark January March 2000
MeritaNordbanken Unidanmark January March 2000 Merger progress report Merger accepted by 97.1 per cent of Unidanmark shareholders Strong first quarter pro forma results for new group 2 Merger effected
More informationMorgan Stanley Conference Morten Hübbe Group CEO. 31 March Presentation can be downloaded at
Morgan Stanley Conference Morten Hübbe Group CEO 31 March 2011 Presentation can be downloaded at www.tryg.com Disclaimer Certain statements in this presentation are based on the beliefs of our management
More informationSecond Quarter Results 2014 Investor presentation
Second Quarter Results 2014 Investor presentation Fourth Quarter and Full Year Results 2014 Berenberg European Conference USA 2015 Torsten Hagen Jørgensen, Group CFO Investor presentation Christian Clausen,
More informationRISK MANAGEMENT 2011
RISK MANAGEMENT 2011 Risk Management 3 Earnings Logic and Risks 43 Liquidity Risks 8 The Objective, Tasks and Motivation of the Risk Management Process 10 Risk Governance Framework 14 Risk and Capital
More informationSTATEMENT BY THE BOARD OF DIRECTORS OF TOPDANMARK A/S REGARDING THE MANDATORY TAKE- OVER BID MADE BY SAMPO PLC ON 27 SEPTEMBER
Appendix to Company Announcement 60/2016 Not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the USA, Australia, Canada, Japan, South Africa, Hong Kong
More informationPohjola Group. Interim Report for 1 January 30 September Pohjola/IR
Pohjola Group Interim Report for 1 January 3 September 29 2 Contents Pohjola in Brief 3 Strategy and Financial targets 7 Interim Report for Q1 3/9 14 Review by Business Segment Banking 26 Asset Management
More informationPohjola Bank plc s Interim Report for 1 January 31 March 2014
Pohjola Bank plc s Interim Report for 1 January 31 March 2014 Background Material 2 Disclaimer Certain statements in this presentation are based on the beliefs of our management as well as assumptions
More informationRISK MANAGEMENT REPORT
2018 RISK MANAGEMENT REPORT RISKS AT SAMPO LEVEL SAMPO CONTENTS Sampo Group s Structure and Business Model... 3 Sampo Group s Risks and Core Risk Management Activities... 6 Group s Risks... 7 Core Risk
More informationInterim Report Third Quarter 2004
Copenhagen, Helsinki, Oslo, Stockholm, 27 October 2004 Interim Report Third Quarter 2004 Improved performance in the first nine months of 2004 Operating profit up 15% to EUR 1,648m (EUR 1,429m in the first
More informationSecond quarter results 2018
Second quarter results 2018 Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect to certain future events and potential financial performance.
More informationIf P&C Insurance AS. Interim Report. 4 th Quarter Translation from Estonian language
If P&C Insurance AS 4 th Quarter 2017 Translation from Estonian language Contacts and signatures If P&C Insurance AS main field of activity is non-life insurance services. Business name: If P&C Insurance
More informationTalanx Strategy Frankfurt, 23 October Torsten Leue, CEO
Talanx Strategy Frankfurt, 23 October 2018 Torsten Leue, CEO Key messages We commit to an increased RoE of 800 bps above risk-free an annual EPS-growth 5% on average 35% to 45 % payout of IFRS earnings
More informationAnnual Accounts Annika Falkengren President & CEO
Annual Accounts 2014 Annika Falkengren President & CEO Unique economic environment Key Interest rates % 2.00 1.80 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00 Jan-14 Sweden Norway Eurozone Feb-14 Mar-14
More informationHandelsbanken January September October 2012
Handelsbanken January September 2012 22 October 2012 Average annual growth in equity including dividends Adjusted equity per share Accumulated dividends in past 5 years SEK/share 225 200 175 150 125 100
More informationCompeting in the Age of Austerity
BoAML BANKING & INSURANCE CEO CONFERENCE Competing in the Age of Austerity Peter Straarup CEO & Chairman of the Executive Board 28 September 2010 The future for Danske Bank A period of low growth is our
More informationEU Capital Markets Union The Norwegian Angle
EU Capital Markets Union The Norwegian Angle November 22 nd 2017 By Per Erik Stokstad, Finance Norway Agenda 1. Finance Norway Who we are How we work on EU files 2. CMU The Norwegian perspective Regulatory
More informationDDFs Virksomhedsdag Finansanalytikerforeningens Virksomhedsdag 2008 CFO Morten Hübbe
1 Finansanalytikerforeningens Virksomhedsdag 2008 CFO Morten Hübbe Facts about TrygVesta 2 Shares outstanding 68m Market cap DKK 26bn (USD 5.4bn) Danish institutions 15% Non-Danish institutions 7% Smaller
More informationAFFECTO PLC -- FINANCIAL STATEMENTS BULLETIN FEBRUARY 2013 at MEUR 10-12/ /
1 FINANCIAL STATEMENTS BULLETIN 2012 AFFECTO PLC -- FINANCIAL STATEMENTS BULLETIN -- 14 FEBRUARY 2013 at 12.30 Affecto Plc's Financial Statements Bulletin 2012 Group key figures MEUR 10-12/12 10-12/11
More information3. Election of persons to scrutinize the minutes and to supervise the counting of votes
1(7) Notice to the Annual General Meeting Notice is given to the shareholders of Metso Corporation to the Annual General Meeting to be held on Thursday, April 25, 2019 at 3:00 p.m. at Finlandia Hall at
More informationUBS 2018 Annual Nordic Financial Services Conference. Torsten Hagen Jørgensen, Group COO and Deputy CEO
UBS 2018 Annual Nordic Financial Services Conference Torsten Hagen Jørgensen, Group COO and Deputy CEO Disclaimer This presentation contains forward-looking statements that reflect management s current
More informationAKTIA BANK DEBT INVESTOR PRESENTATION 1-9/2017
AKTIA BANK DEBT INVESTOR PRESENTATION 1-9/2017 EXECUTIVE SUMMARY AKTIA BANK PLC Retail bank with focus on growth areas in Finland Provides services mainly to private customers, small-sized companies and
More informationPZU s dividend policy
PZU s dividend policy Warsaw, 4 October 2016 We will build the PZU Group s value by pursuing strategic growth projects 1 while offering an attractive stream of dividends The dividend proposed by the parent
More information1 Pohjola April 2008
Pohjola April 2008 1 OP-Pohjola Group & Pohjola Bank in brief 2 The leading financial services company in Finland - with a strong diversified presence in Retail and corporate banking Insurance Mutual Funds
More informationFourth Quarter and Full Year Results Press Conference Casper von Koskull, president, Group CEO
Fourth Quarter and Full Year Results 2015 Press Conference Casper von Koskull, president, Group CEO Disclaimer This presentation contains forward-looking statements that reflect management s current views
More informationQ Report. Comments from Torbjörn Magnusson, CEO: November 13, 2002
Q3 2002 Report If P&C Insurance * 106 80 Stockholm Sweden www.if-insurance.com November 13, 2002 Continued improvement in core business performance Combined ratio YTD 106.3% (108.7% ), Q3 103.6% (107.5%
More informationFact Book Q Supplementary Information for Investors and Analysts Unaudited
Fact Book Q2 2018 Supplementary Information for Investors and Analysts Unaudited Table of contents 1. Group 1.1 Financial result & key figures 4 1.2 Net interest income 6 1.3 Net fee income 8 1.4 Net trading
More informationRisk management. Ari Kaperi Group CRO
Risk management Ari Kaperi Group CRO 1 The least volatile Nordic bank Factors driving risk down Nordea vs. peers 26-Q1 215, % Large and diversified client base Quarterly net profit volatility 15 Geographical
More informationFourth quarter and full year results 2018
Fourth quarter and full year results 2018 Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect to certain future events and potential financial
More informationTOPDANMARK 2017 RESULT
TOPDANMARK 2017 RESULT Highlights 2017 Post-tax profit: DKK 1,733m (2016: DKK 1,536m) The result for 2017 was better than assumed in the interim report for Q1-Q3 2017 of DKK 1,500-1,600m CR: 82.0 (2016:
More informationMEUR 4-6/11 4-6/10 1-6/11 1-6/
1 INTERIM REPORT 1-6/2011 AFFECTO PLC -- INTERIM REPORT -- 2 AUGUST 2011 at 9.30 AFFECTO PLC'S INTERIM REPORT 1-6/2011 GROUP KEY FIGURES MEUR 4-6/11 4-6/10 1-6/11 1-6/10 2010 Net sales 32.6 28.4 62.7 54.2
More informationPohjola Bank plc s Interim report for 1 January 30 June 2014
Pohjola Bank plc s Interim report for 1 January 30 June 2014 Pohjola Bank plc Stock exchange release 6 August 2014, 8.00 am Interim Report Pohjola Group Performance for January June 1) Consolidated earnings
More informationShaping the future relationship bank
Shaping the future relationship bank CEO Long term commitment, have a plan, future oriented continue on the road we have set out on, Stable, trustworthy Christian Clausen President and Group CEO 1 Nordea
More informationSolvency and Financial Condition Report
Solvency and Financial Condition Report Report in accordance with European Commission Delegated Regulation 2015/35 Helsinki, 26 April 2018 Table of Contents A. Business and performance 4 A.1 Business 4
More informationTABLE OF CONTENTS. Group Governance Board of Directors' Report Risk Management Financial Statements...
TABLE OF CONTENTS Group... 3 Governance... 42 Board of Directors' Report... 59 Risk Management... 93 Financial Statements... 163 Calendar and Contacts... 275 ANNUAL REPORT 2015 Group Group Group CEO's
More informationDebt Investor Presentation. OP-Pohjola Group and issuing entities Pohjola Bank plc and OP Mortgage Bank
Debt Investor Presentation OP-Pohjola Group and issuing entities Pohjola Bank plc and OP Mortgage Bank www.pohjola.com 2 OP-Pohjola Group Issuing entities are Pohjola Bank plc and OP Mortgage Bank Leading
More informationFBD Holdings plc. Corporate Profile. August Our Policy is You
FBD Holdings plc Corporate Profile August 2012 1 Our Policy is You Forward Looking Statements This presentation contains certain forward-looking statements. Actual results may differ materially from those
More informationAnnika Falkengren. President and CEO. Result presentation. January September 2010
Annika Falkengren President and CEO Result presentation January September 2010 Highlights Income Seasonally slow quarter supported by diversified earnings Further improved asset quality Baltics back in
More informationOP-Pohjola Group and Pohjola Bank plc
OP-Pohjola Group and Pohjola Bank plc (formerly OKO Bank) OP-Pohjola Group Issuing entities Pohjola Bank plc and OP Mortgage Bank 2 Leading financial services provider in Finland Number one in Deposits,
More informationSwedbank New York and Boston roadshow, September 24 26, Mikael Inglander, Chief Financial Officer
Swedbank New York and Boston roadshow, September 24 26, 27 Mikael Inglander, Chief Financial Officer The leading bank in four small countries Sweden Total population: 9.m Private customers: 4.1m Corp.
More informationSEB Enskilda Nordic Banks Seminar. Stockholm, 26 May Carl-Johan Granvik Group CRO
SEB Enskilda Nordic Banks Seminar Stockholm, 26 May 2010 Carl-Johan Granvik Group CRO Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect
More informationFirst Quarter Report 2011
Copenhagen, Helsinki, Oslo, Stockholm, 28 April 2011 First Quarter Report 2011 Solid quarter CEO Christian Clausen s comment to the report: I am proud to present another strong quarter. Our relationship
More informationThird quarter results 2017
Third quarter results 2017 Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect to certain future events and potential financial performance.
More informationHandelsbanken January June July 2013
Handelsbanken January June 2013 17 July 2013 Q307 Q407 Q108 Q208 Q308 Q408 Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Q212 Q312 Q412 Q113 Q213 Handelsbanken Group Average annual growth
More informationPohjola Group. Interim Report for Q2/11 and H1/11
Pohjola Group Interim Report for Q2/11 and H1/11 2 Contents Interim Report and Outlook 3 Background Material 30 Earnings Analyses 71 OP-Pohjola Group s and 82 Pohjola s results and key figures Finnish
More informationSession 2: Value Management under a Risk-Based Capital Regime. Moderator: Mark W Griffin FSA,CERA. Presenters: Thomas C Wilson
Session 2: Value Management under a Risk-Based Capital Regime Moderator: Mark W Griffin FSA,CERA Presenters: Thomas C Wilson SOA Antitrust Disclaimer SOA Presentation Disclaimer VALUE MANAGEMENT UNDER
More informationChristian Clausen, President and Group CEO
First Quarter Results 2014 Press conference Christian Clausen, President and Group CEO Christian Clausen, President and Group CEO Highlights Nordea delivers stable income and improving cost efficiency
More informationGoldman Sachs Roadshow 6-7 December Gunn Wærsted Executive Vice President, Head of Wealth Management
Goldman Sachs Roadshow 6-7 December 2012 Gunn Wærsted Executive Vice President, Head of Wealth Management Disclaimer This presentation contains forward-looking statements that reflect management s current
More informationTOPDANMARK H RESULT
TOPDANMARK H1 2018 RESULT Highlights H1 2018 Post-tax profit: DKK 613m (H1 2017: DKK 889m) EPS: DKK 7.1 (H1 2017: DKK 10.4) CR: 85.5 (H1 2017: 81.8) CR excl. run-off: 88.5 (H1 2017: 85.3) Premium growth:
More informationTietoEnator Q4 and full year February 2008, Helsinki Strategy and actions for 2008 Interim CEO Åke Plyhm
TietoEnator Q4 and full year 2007 6 February 2008, Helsinki Strategy and actions for 2008 Interim CEO Åke Plyhm Performance and outlook CFO Timo Salmela Strategy and actions for 2008 Performance and outlook
More informationTopdanmark Q1-Q Result
Topdanmark Q1-Q3 2018 Result 22-10-2018 Highlights Q1-Q3 2018 Post-tax profit: DKK 1,071m (Q1-Q3 2017: DKK 1,353m) EPS: DKK 12.4 (Q1-Q3 2017: DKK 15.8) CR: 84.2 (Q1-Q3 2017: 81.9) CR excl. run-off: 87.3
More informationHandelsbanken January June July 2012
Handelsbanken January June 2012 17 July 2012 Average annual growth in equity including dividends Adjusted equity per share Accumulated dividends in past 5 years SEK/share 225 200 175 150 125 100 75 50
More information