Sampo Group’s Online Annual Report 2012 and Sampo’s video ‘25 Years as a Listed Company’ have been granted the international Red Dot Communication Design 2013 Awards.

Red Dot design award winner 2013

Holding in 2012

Sampo plc owns and controls its subsidiaries engaged in P&C and life insurance. In addition Sampo plc held on 31 December 2012 approximately 21.2 per cent of the share capital of Nordea, the largest bank in the Nordic countries. Nordea is an associated company to Sampo plc.
Results
Holding, 2012
EURm20122011Change, %

Net investment income

51 

18

178 
Other operating income 15  15 -1 
Staff costs

-18 

-11

61 
Other operating expenses

-13 

-13

-2 
Finance costs

-65 

-86

-25 

Share of associate's profit

653 

534

22 

Profit (loss) before taxes

623  457 36 
      Change

Average number of staff (FTE)

53  54 -1 

The segment’s profit before taxes amounted to EUR 623 million (457), of which EUR 653 million (534) relates to Sampo’s share of Nordea’s 2012 profit. Segment’s profit without Nordea was EUR -30 million (-77). The improvement is explained by lower finance costs and positive movement in derivative valuations. 

Sampo plc’s holding in Nordea Bank was booked in the consolidated balance sheet at EUR 6.7 billion. The market value of the holding was EUR 6.2 billion at 31 December 2012. In addition the assets on Sampo plc’s balance sheet included holdings in subsidiaries for EUR 2.4 billion (2.4).