Sampo Group


Sampo Oyj is a Finnish financial company made up of the parent company Sampo plc and If P&C Insurance Holding Ltd, Mandatum Life Insurance Company Ltd and Topdanmark, all of which are its subsidiaries. The parent company in Helsinki administers the subsidiaries. Sampo Group employs nearly 9,400 employees. Kari Stadigh is the Group CEO and President for Sampo.
Largest shareholders of Sampo Group are Finnish national institutions.
Sampo Group had a banking operations under the name of Sampo Bank between 2000 - 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. The proceeds of the sale were invested in the shares of Nordea, the largest bank in the Nordic region. Sampo currently owns more than 20 per cent and is a major shareholder in Nordea. Nordea is Sampo's associated company. Sampo owns also 36.25 per cent of Nordax, a leading, niche bank in Northern Europe.

Share

Sampo plc's A share has been listed on NASDAQ OMX Helsinki since January 1988. In terms of market capitalization Sampo plc is one of the largest companies listed on NASDAQ OMX Helsinki.
NamePercentile
Solidium 10.09%
Varma Mutual Pension Insurance Company4.01%
Ilmarinen Mutual Pension Insurance Company0.73%
The State Pension Fund0.70%
Kaleva Mutual Pension Insurance Company0.48%

Björn Wahlroos, the Chairman of the Board, controls 6.6 million Sampo A Shares.
Foreign and nominee registered owners had 67.26% of Sampo plc's shares. Sampo plc has 106,491 registered owners.

If

If P&C Insurance is responsible for Sampo Group's property and casualty insurance operations. If P&C Insurance is the leading property and casualty insurer in the Nordic region, with more than 3.7 million customers in the Nordic and Baltic countries. If offers insurance and services in Finland, Sweden, Norway, Denmark, Estonia, Latvia and Lithuania.

Mandatum Life

Sampo plc owns the entire stock of the Mandatum Life Insurance Company Limited. The Mandatum Life Group owns Mandatum Life Insurance Baltic SE, which operates in all Baltic countries and is domiciled in Estonia. In Latvia and Lithuania the company operates through branch offices. Mandatum Life's market share of the Finnish and the Baltic insurance markets is about 20 per cent.

Nordea

, commonly referred to as Nordea, is a Nordic financial services group operating in Northern Europe. In October 2009 Sampo plc received permission from Swedish authorities to acquire more than 20% of Nordea. Today Sampo Group owns 21.2% of the banking group and Nordea is Sampo's associated company.

Name

In Finnish mythology the name Sampo refers to a mythical machine that creates salt, food, flour and gold out of nothing.