Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Sampo Plc ( (GB:0HAG) ) has shared an update.
Sampo reported strong operational performance for the first quarter of 2026, with underwriting profit up 9% in constant currencies to €368 million and a robust combined ratio of 84.4%, driven by solid growth in Nordic retail and SME lines and lower-than-expected weather and large claims. While market volatility and geopolitical uncertainty depressed reported net profit, the balance sheet remained strong with a Solvency II ratio of 174% and the group expects existing reserves to absorb the impact of a Danish workers’ compensation court ruling.
On the back of the solid start to the year, Sampo raised its 2026 guidance for underwriting profit to €1.525–1.625 billion and for insurance revenue to €9.6–9.8 billion, aligning with its targets of a sub-85% combined ratio and high single-digit growth in operating EPS. The company also announced a new €350 million share buyback programme funded by 2025 operational earnings and proceeds from the NOBA stake sale, underscoring its confidence in ongoing cash generation and commitment to returning excess capital to shareholders despite a more volatile macro and capital-market environment.
More about Sampo Plc
Sampo Plc is a Nordic non-life insurance group focused on retail and SME customers, complemented by business with larger corporate clients and selected UK motor insurance operations. The group operates under brands such as If, emphasising diversified property and casualty insurance, disciplined underwriting and capital strength across its core Northern European markets.
Learn more about 0HAG stock on TipRanks’ Stock Analysis page.