Sampo Group

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 plc
Native name
Sampo Oyj
Company typeJulkinen osakeyhtiö
Nasdaq Helsinki: SAMPO
IndustryFinancial services
Founded1909
HeadquartersHelsinki, Finland
Key people
Antti Mäkinen (Chair), Torbjörn Magnusson (Group CEO)
ProductsInsurance
Decrease EUR 1,863 million (2022)
Decrease EUR 1,427 million (2022)
Number of employees
Increase 13,550 (FTE, 2022)
Websitewww.sampo.com
Footnotes / references
[1]

Sampo Group is a significant Nordic insurance group made up of the parent company Sampo plc, If P&C Insurance, Danish insurer Topdanmark and British P&C insurer Hastings Insurance, all of which are its subsidiaries. The parent company in Helsinki administers the subsidiaries. Sampo Group employs over 13,500 employees. Torbjörn Magnusson is the CEO of Sampo Group. Antti Mäkinen was elected as Chair of the Board of Sampo on 17 May 2023.[2]

Largest shareholders of Sampo plc are Finnish national institutions (Government of Finland and State Pension Fund) as well as Varma Mutual Pension Insurance Company, Ilmarinen Mutual Pension Insurance Company, Sampo plc itself and Elo Mutual Pension Insurance Company.

Sampo Group had a banking operations under the name of Sampo Bank between 2000 and 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 sold its entire holding in Nordea in April 2022.

If is the leading property and casualty insurer in the Nordic region, with more than 3.7 million customers in the Nordic and Baltic countries.[4] If offers insurance and services in Finland, Sweden, Norway, Denmark, Estonia, Latvia and Lithuania.

  1. ^ "SAMPO, Sampo Oyj A, (FI0009003305) - Nasdaq". www.nasdaqomxnordic.com.
  2. ^ "Decisions of Sampo's Annual General Meeting: Demerger approved and Antti Mäkinen elected as new Chair of the Board of Sampo| sampo.com". www.sampo.com. Retrieved 2 June 2023.
  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. ^ "About us | if".