Sampo Group

Sampo Oyj is a Finnish 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 9,400 employees. Kari Stadigh is the Group CEO and President for Sampo.

This article is about the financial group. For the bank that previously shared the same name (a part of Sampo Group until 2006), see Danske Bank.
Sampo Oyj
Julkinen osakeyhtiö
Traded asNasdaq Helsinki: SAMPO
ISINFI0009003305 
IndustryFinancial services
Founded1909
HeadquartersHelsinki, Finland
Key people
Björn Wahlroos (Chairman), Kari Stadigh (President and CEO)
ProductsLife insurance and Non-Life Insurance
€1.871 billion (2016)
€2.239 billion (2017)
Total assets €49.300 billion (2017)
Total equity €12.848 billion (2017)
Number of employees
 9,364 (FTE, 2017)
Websitewww.sampo.com
Footnotes / references
[1][2]

Largest shareholders of Sampo Group are Finnish national institutions (Government of Finland, Regional Authorities Pension Agency and State Pension Fund).

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. Sampo owns also 36.25 per cent of Nordax, a leading, niche bank in Northern Europe.

Share

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 (30 September 2018)
Name Percentile
Solidium (entirely owned by the Finnish state) 10.09%
Varma Mutual Pension Insurance Company 4.01%
Ilmarinen Mutual Pension Insurance Company 0.73%
The State Pension Fund 0.70%
Kaleva Mutual Pension Insurance Company 0.48%

Björn Wahlroos, the Chairman of the Board, controls 6.6 million Sampo A Shares (1.2 per cent).

Foreign and nominee registered owners had 67.26% of Sampo plc's shares (30 Sep 2018).[4] Sampo plc has 106,491 registered owners.

If
Main article: If P&C Insurance

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 and services in Finland, Sweden, Norway, Denmark, Estonia, Latvia and Lithuania.

Mandatum Life

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. Mandatum Life's market share of the Finnish and the Baltic insurance markets is about 20 per cent.

Nordea
Main article: Nordea

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

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

See also

References
  1. http://www.nasdaqomxnordic.com/shares/microsite?Instrument=HEX24346&symbol=SAMPO&name=Sampo%20Oyj%20A
  2. http://www.sampo.com/fi/luvut/tulosraportit/2016/tilinpaatos-2016/
  3. Bank, Danske. "Sampo plc to sell Sampo Bank Group to Danske Bank A/S - Danske Bank". Archived from the original on 3 August 2016. Retrieved 1 June 2016.
  4. "Largest Shareholders". Retrieved 1 June 2016.
  5. "Releases". Retrieved 1 June 2016.
  6. "www.nordea.com/Investor%20Relations/Share/Shareholders/85732.html". Retrieved 1 June 2016.

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