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Finnish holding company, primarily the parent of If P&C, the leading Nordic property-casualty insurer.
Finnish holding company, primarily the parent of If P&C, the leading Nordic property-casualty insurer.
Is now essentially a property-casualty insurer, having spun off Mandatum, its life-insurance arm, in 2023. It earns underwriting profit and investment income from If in the Nordic and Baltic countries and from Denmark's Topdanmark, acquired in 2024.
Moat: narrow (scale, brand, distribution). Owns If P&C, the largest Nordic non-life insurer, giving regional scale advantages.
Headquarters: Helsinki, Finland · Founded: 1909 · Employees: 15,224
Size Sampo (SAMPO.HE) is a Finland Financials company (Property/Casualty Insurance) with a market value of $29.1B, the 4th largest of 65 Finland companies the cockpit tracks. Shares closed at €9.78 on 6 Nov 2026.
Performance Over six months the shares gained 9.7%, against +19.4% for the median peer and -2.9% for the Finland market (cap-weighted) — 4th lowest of 18 in its peer set.
Growth Revenue grew 1.8% over the last twelve months (peer median +2.7%); the operating margin is 21.1% (peer median 14.8%).
Valuation It trades at 3.60× book value against a peer median of 1.98× (3rd most expensive of 18).
Price implies The share price implies a return on equity of about 11.3%; Sampo delivers 16.5%, so the price asks less than the business earns today.
Credit Sampo has 5 bonds outstanding ($2.45B), rated A by the agencies and trading like AA- at a weighted spread of 62 bp.
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €11.7B | €11.9B | €10.7B | €9.70B | €9.57B |
| Revenue growth | — | +12% | +10% | +1% | — |
| Net income | €1.22B | €2.00B | €1.15B | €1.32B | €2.00B |
| Free cash flow | €1.20B | €1.59B | €1.19B | n/a | n/a |
| Capital expenditure | €182M | €165M | €142M | €0 | €0 |
| Total debt | €3.07B | €3.07B | €3.08B | €2.96B | €3.58B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Sampo SAMPO.HE | $29.1B | +10% | +2% | 16% | 3.60× | 11.3% |
| Tryg A/S TRYG.CO | $14.2B | +10% | +5% | 12% | 2.61× | 8.1% |
| Gjensidige Forsikring GJF.OL | $14.7B | +9% | +7% | 30% | 5.73× | 19.1% |
| Allianz ALV.DE | $192B | +19% | +21% | 21% | 2.98× | 16.0% |
| Zurich Insurance ZURN.SW | $114B | +16% | +19% | 26% | 3.67× | 11.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SAMPO.HE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.2% | +9.7% | 4th highest of 18 |
| 6-month return | +9.7% | +19.4% | 4th lowest of 18 |
| Return on equity | 16.5% | 16.5% | 9th lowest of 18 |
| Price / book | 3.60× | 1.98× | 3rd most expensive of 18 |
| Trailing P/E | 21.2× | 12.6× | 2nd most expensive of 18 |
| ROE the price implies | 11.3% | 11.2% | 9th most demanding of 18 |
| ROE delivered | 16.5% | 16.1% | 8th highest of 17 |
| Bond spread | 62 bp | 106 bp | tightest of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Sampo SAMPO.HE | Finland | $29.1B | +10% | +2% | 16% | 3.60× | 11.3% | 16.5% |
| QBE Insurance QBE.AX | Australia | $27.7B | +19% | +3% | 19% | 2.37× | 11.3% | 19.1% |
| Markel MKL | United States | $23.7B | +7% | -1% | 10% | 1.28× | 9.2% | 9.6% |
| Hartford (The) HIG | United States | $35.8B | +1% | +4% | 23% | 1.94× | 11.3% | 22.7% |
| Loews L | United States | $22.2B | +5% | +3% | 8% | 1.22× | 8.3% | 8.1% |
| Fairfax Financial FFH.TO | Canada | $42.7B | +21% | -1% | 16% | 1.40× | 7.0% | 15.8% |
| PICC Property & Casualty 2328.HK | Hong Kong | $48.9B | +16% | +9% | 17% | 1.09× | 5.8% | 16.5% |
| SamsungF&MIns 000810.KS | South Korea | $17.2B | +31% | +5% | 8% | 0.71× | 4.8% | 8.1% |
| Admiral ADM.L | United Kingdom | $16.1B | +23% | 0% | 46% | 8.04× | 33.5% | 45.6% |
| Everest EG | United States | $15.2B | +18% | -9% | 13% | 1.08× | 6.6% | 12.8% |
| Assurant AIZ | United States | $15.1B | +29% | +9% | 44% | 2.60× | 14.6% | 44.2% |
| Insurance Australia IAG.AX | Australia | $14.4B | +17% | +9% | 14% | 2.87× | 13.1% | 14.0% |
| RenaissanceRe RNR | United States | $14.0B | +16% | -21% | 13% | 1.34× | 7.5% | 13.4% |
| American Financial AFG | United States | $12.8B | +18% | +3% | 18% | 2.67× | 15.1% | n/a |
| Erie Indemnity ERIE | United States | $12.7B | +26% | +2% | 24% | 4.98× | 19.7% | 23.7% |
| Travelers Companies (The) TRV | United States | $81.0B | +33% | +1% | 28% | 2.79× | 13.9% | 27.5% |
| Hanover Insurance THG | United States | $8.35B | +28% | +5% | 22% | 2.43× | 11.2% | 21.8% |
| Tokio Marine 8766.T | Japan | $105B | +35% | 0% | 12% | 1.98× | 6.7% | 11.8% |
Sampo has 5 bonds outstanding with $2.45B face value. The agencies rate it A; its bonds trade like AA-. Weighted yield 3.57%, a spread of 62 bp over government bonds.