Sampo Oyj Q3 2026 Earnings Recap

Sampo shares rose 4.6% after Q3, as investors responded to faster growth and an upward revision to the full-year outlook. The revised ranges point to insurance revenue of €9.75–€9.85 billion and underwriting results of €1.60–€1.65 billion.

Key Takeaways

• Like-for-like gross written premium growth accelerated to 6% from 5% in Q2; insurance revenue increased 9%.
• Currency-adjusted underwriting result rose 9% in Q3, while operating EPS increased 2% for the quarter and 8% year to date.
• The company raised its full-year outlook, now indicating 7%–9% top-line growth and 8%–11% underwriting-result growth year on year.
• Growth was broad-based: 6% in Private Nordic and 7% each in the U.K. and Commercial Nordics; SME growth in Commercial Nordics was 9%.
• Higher interest rates drove sizable mark-to-market losses, and lower realized investment gains versus the prior-year quarter largely offset the higher underwriting result in Q3 EPS.