Sampo Oyj · OMXHEX:SAMPO
Sampo Oyj — Investor Day (August 2015)
13 slides from Sampo Oyj's investor day presentation, Aug 13, 2015
Slide 1: H1/2015 results and special issues
H1/2015 results and special issues Analyst Day, August 13th 2015 CFO Peter Johansson
Slide 2: Profit before taxes by segment Q1/10-Q2/15
14/08/2015 Profit before taxes by segment Q1/10-Q2/15 EURm Other Nordea Life P&C 600 500 1 26 10 4 195 400 157 139 168 157 192 179 223 152 188 158 42 142 158 140 162 170 36 300 2 107 140 152 161 33 32 44 34 49 39 51 124 33 42 40 33 33 38 36 37 39 200 31 30 36 5 289 310 254 270 208 186 188 221 201 79
Slide 3: Profit before taxes and comprehensive income
14/08/2015 Profit before taxes and comprehensive income EURm 1,200 Profit before taxes Comprehensive income 1,147 1,000 1,015 800 861 790 600 511 499 488 483 400 418 392 144 309 113 284 200 81 73 0 If P&C Mandatum Life Nordea Sampo Group 3
Slide 4: Return on equity in Sampo Group's business areas
20% 40% 60% 80% -80% -60% -40% -20% 100% 120% 0% 22.0% 30.0% 22.6% 19.2% 9.1% 52.6% -0.8% -68.8% -32.4% 53.2% P&C insurance 97.6% 55.7% 39.8% 36.2% 21.8% 12.4% -11.7% 7.7% Life insurance 36.9% 28.5% 7.7% 24.4% 18.3% 13.8% 18.1% Sampo Group 11.4% 10.9% 31.2% 21.8% 20.9% 25.6% 17.2% 19.4% Return on eq
Slide 5: Fair value development – Fixed Income
14/08/2015 Fair value development – Fixed Income Unrealized gains, before taxes Mandatum If Holding Group EURm Life P&C Total* Q2/2015 49 90 11 150 Q1/2015 74 144 15 221 Q4/2014 65 136 5 199 Q3/2014 82 203 7 284 Q2/2014 94 204 9 297 Q1/2014 102 192 8 293 Q4/2013 107 180 7 286 5 *incl. eliminations
Slide 6: Fair value development – Equity
14/08/2015 Fair value development – Equity Unrealized gains, before taxes Mandatum If Holding Total* Nordea Topdanmark Group EURm Life P&C Total Q2/2015 695 618 5 1,318 2,621 378 4,317 Q1/2015 761 657 16 1,434 2,999 518 4,951 Q4/2014 570 511 3 1,086 1,260 476 2,822 Q3/2014 546 484 4 1,034 1,811 372
Slide 7: If P&C ― Combined ratio Q1/15 to Q2/15
14/08/2015 If P&C ― Combined ratio Q1/15 to Q2/15 % 100 1.8 95 9.9 2 90 0.9 4.9 14.2 85 89.2 0.1 80 80.9 75 7
Slide 8: If P&C ― Combined ratio 6M/14 to 6M/15
14/08/2015 If P&C ― Combined ratio 6M/14 to 6M/15 % 94 1 92 5 90 1.1 0.5 7.2 88 0.6 86 0.1 84 88.3 82 85 80 8
Slide 9: If P&C ― Effect of changes in discount / capitalisation rates
14/08/2015 If P&C ― Effect of changes in discount / capitalisation rates EURm Q1/14 Q2/14 Q3/14 Q4/14 2014 Q1/15 Q2/15 2015 P&C Change in discount rates – Reserves ~ Effect on P&L 1.02% -> 0.41% Sweden MTPL -15 -14 -12 -2 -44 -51 43 -8 2.0% -> -0.25% Denmark WC 1 -26 -3 1 -27 1 8 9 2.5% -> 2.0% -> 1
Slide 10: Mandatum Life Solvency II Capital Requirement and Own Funds
Mandatum Life Solvency II Capital Requirement (SCR) and Own Funds 30.6.2015 With transitional measures. Equity risk transitionals decrease market risk and SCR, while transitional measures of technical provisions increase own funds Equity Technical transitional provisions Without transitional measure
Slide 11: Euro zone interest rate swaps
14/08/2015 Euro zone interest rate swaps 11
Slide 12: Mandatum Life Liability Side Adjustment Q4/2013–Q2/2015
14/08/2015 Mandatum Life Liability Side Adjustment Q4/2013–Q2/2015 EURm Q4/2013 Q1/2014 Q2/2014 Q3/2014 Q4/2014 Q1/2015 Q2/2015 With-Profit -306 -350 -458 -581 -755 -926 -307 Unit-linked 393 422 435 442 451 447 446 Risk Policies 316 340 353 301 312 351 323 Other 0 0 0 0 108 108 109 Risk Margin -313
Slide 13: Group capital and solvency, 30 June 2015
14/08/2015 Group capital and solvency, 30 June 2015 EURm 11,000 10,373 Solvency ratio 146% *) 313 10,000 **) 273 9,000 8,000 7,000 6,000 5,000 3,826 9,788 4,000 7,115 3,000 1,350 2,000 1,000 1,939 0 If P&C Mandatum Life Sampo plc's Group EC Adjusted Group (EC) (*** share of Nordea Solvency capital 1