Sampo Group’s results for 2020
Sampo Group’s largest business area If had an extremely strong year 2020 in all respects. The combined ratio for the full-year 2020 was 82.1 per cent (84.5). This is the strongest combined ratio If has ever reported. Because of the impairment loss of EUR 899 million and the sales loss of EUR 262 million on Nordea shares, Group’s reported profit before taxes for 2020 decreased to EUR 380 million (1,541). Without the extraordinary items relating to the Nordea holding, the profit before taxes would have been EUR 1,541 million for 2020 and EUR 1,696 million for 2019. The total comprehensive income for the period, taking changes in the market value of assets into account, amounted to EUR 434 million (1,565).
Sampo plc: Final Results
Sampo Group s results for 2020
Sampo Group s largest business area If had an extremely strong year 2020 in all respects. The combined ratio for the full-year 2020 was 82.1 per cent (84.5). This is the strongest combined ratio If has ever reported. Because of the impairment loss of EUR 899 million and the sales loss of EUR 262 million on Nordea shares, Group s reported profit before taxes for 2020 decreased to EUR 380 million (1,541). Without the extraordinary items relating to the Nordea holding, the profit before taxes would have been EUR 1,541 million for 2020 and EUR 1,696 million for 2019. The total comprehensive income for the period, taking changes in the market value of assets into account, amounted to EUR 434 million (1,565).
Sampo plc: Change in Sampo Group Executive Committee
Change in Sampo Group Executive Committee
Due to an internal organizational change in Sampo s subsidiary If P&C, Ivar Martinsen has today left his position as Head of BA Commercial and consequently is, by a decision made by Sampo Board of Directors, no longer a member of Sampo Group Executive Committee.
As of today, Ivar Martinsen has taken up a new position as Senior Advisor in If. In his new role, Martinsen will support the CEOs of If and Sampo in matters related to P&C business. Martinsen was Head of BA Commercial since 2003 and member of Group Executive Committee since 2005.