Peter Johanssonin esitys (Group CFO)

1. Sampo-aamiainen
Nordnet 15.5.2018

2. Sampo Group structure
The leading P&C insurer in the
Nordic region with full service
offering and a strong European
presence
Focus areas:
• Customer value
• Focused insurance expertise
• Nordic business platform
• Investment strategy with
balanced risk
~ EURbn 11.6
• RoE above 17.5%
• CR% below 95%
The second largest P&C
insurer in Denmark
Customer satisfaction
• Pricing
• Efficiency
• Digitalisation, Process
optimisation, transformation
• Distribution efficiency
~ EURbn 3.1 (P&C)
• Profit margin of 10%
• CR% 91%
One of Finland’s most
respected and best
capitalised financial services
providers to private &
corporate customers
• Unit-linked products
• Wealth management
• Personal Risk insurance
• Group pension & Reward
Services
~ EURbn 6.0
• RoE above 17.5%
• Long-term investor
• Manager of capital structure and liquidity
• Pay-out ratio ≥ 50%
Market position
Strategy
Investment
assets
Return /
profit target
Subsidiary Subsidiary
100% > 45% 100%
The most diversified banking
in the Nordics with strong
capital generation
Transformation to be
the Future Relationship Bank
• Efficient and scalable
• Fast and agile
• Resilient and compliant
~ B/S EURbn 580
~ AuM EURbn 320
• ROE above the Nordic
peer average
Associated Company
21.2%
Subsidiary
2
15 May 2018

3. 15 May 2018
Structural changes of Sampo Group to the position
as the leading Nordic financial group
Sampo Group’s (If P&C’s)
Topdanmark holding
exceeds 23 per cent and
Topdanmark becomes If’s
associated company.
Sampo Group
(Mandatum Life)
acquires Suomi Mutual’s
with-profit group pension
portfolio. The portfolio
transfer takes place on
30 Decenber 2014.
Sampo Insurance Company
and Leonia merge into the
Sampo-Leonia financial
services group. The Group’s
business areas are long-term
savings (life insurance, asset
management and mutual
funds), banking, investment
banking, and P&C insurance.
Sampo’s P&C insurance
operations are merged with If
(2002). Following the
transaction, Sampo owns 38
per cent of If. If becomes fully
owned by Sampo (2004).
Following the transaction,
Sampo has three core
businesses: P&C insurance,
banking and long-term savings.
Sampo’s Nordea holding
exceeds 20 per cent and
Nordea becomes an
associated company. Sampo Group (If P&C)
acquires Tryg’s Finnish
Business and the acquisition
was closed in May 2013.
If P&C signs a partnership
agreement with Nordea.
Sampo plc’s ownership of Topdanmark exceeds
33.34 per cent after the acquisition of shares
from If P&C and in the market and hence Sampo
is obliged to make a mandatory offer for the
share-holders of Topdanmark. As a result
Sampo plc owns 41.1 per cent of Topdanmark’s
shares. Topdanmark now becomes Sampo’s
associated company.
Sampo Group divests Sampo
Bank Group to Danske Bank
A/S. Following the transaction,
Sampo’s business areas are:
P&C insurance and life
insurance.
20052003200220012000 2008 2011 2012 2013 2014 2016 20172004 20072006 20102009 2015
Mandatum Bank joins the
Group, and the Group’s name
is shortened to Sampo.
3
Sampo
consolidates
Topdanmark as a
subsidiary as of 30
September 2017.
2018
Sampo invests in three
financial and fintech
companies: Nets, Saxo
Bank and Nordax.

4. 15 May 2018
4
Key Financial Figures
Q1 / 2018

5. Profit before taxes and net profit Profit before taxes by quarters
15 May 2018
Sampo Group results
477
450
528
430
435
475
436
445
706
0
200
400
600
800
1,000
1,200
1,400
Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18
5
EURm
1,181
430 445
378 375
0
100
200
300
400
500
600
1-3/2017 1-3/2018
EURm
Profit before taxes Net profit

6. 15 May 2018
Sampo Group profit before taxes
6
EURm
180
21
54
171
3
430
193
60 73
165
-46
445
-100
0
100
200
300
400
500
If Topdanmark Mandatum Life Nordea Holding (excl.
Nordea)
Sampo Group
1-3/2017 1-3/2018

7. EPS and Comprehensive result EPS Reported EPS by quarter
15 May 2018
0.68
0.63
0.99
0.15
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1-3/2017 1-3/2018
EUR
EPS (reported) EPS (comp. result)
0.68 0.67
2.01
0.61 0.63
0.00
0.50
1.00
1.50
2.00
2.50
Q1/17 Q2/17 Q3/17 Q4/17 Q1/18
EUR
Includes 1.26 EUR
from valuing of
Topdanmark
to fair value
Earnings per share
7
1.26
0.74

8. By sector By company
15 May 2018
Money market 17%
Public sector 5%
Covered bonds 21%
Other fixed income 37%
Equities 13%
Private equity 2%
Real estate 2%
Other 3%
If 50%
Topdanmark (P&C) 13%
Mandatum Life 26%
Sampo plc 11%
Investment allocation
Sampo Group, 31 March 2018
Total EUR 23.2 billion
Investments of If, Topdanmark (excluding life insurance), Mandatum Life and Sampo plc
8

9. Yield, % EURm
ML*) If Group ML*) If Group
Fixed income -0.3% 0.2% 0.1% -12 (-24) 24 (1) 18
Equities -1.6% -2.3% -1.5% -25 (31) -31 (50) -47
Other (incl.
FX net result)
-0.1% -11.5% -7.0% -1 (-1) -8 -67
Total -0.7% -0.1% -0.5% -38 -15 -96
15 May 2018
Investment returns excluding Topdanmark,
January–March 2018
Realized sales gains and losses in parenthesis
*) Including the segregated portfolio
9

10. 13,571
5,326
2,597
10,842
1,895
1,047
3,701
536
264
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
Group capital Intangibles and
other
Sectoral items Group's own funds Total capital
requirement
Sampo plc
Topdanmark
Nordea
Mandatum
Life
If
15 May 2018
Group capital and minimum requirement,
Solvency II applied to insurance co’s, 31 March 2018
7,443
Group solvency ratio 146%
EURm
10

11. 91.8%
92.1%
92.8%
92.0%
88.9%
88.1%
87.7%
85.4%
84.4%
85.3%
87.4%
86.5%
80.0%
82.0%
84.0%
86.0%
88.0%
90.0%
92.0%
94.0%
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 1-3/2017 1-3/2018
Combined ratio
15 May 2018
11
If combined ratio development
Combined ratio excluding
the one-offs is 86.5%. Combined ratio excluding
the one-offs is 86.1%.

12. 15 May 2018
If GWP growth by business area and by country*,
2018 vs. 2017
7.5%
-3.5%
3.7%
3.7%
10.7%
2.0%
1.0%
2.7%
2.1%
-6.0% -5.0% -4.0% -3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 12.0%
Denmark
Finland
Norway
Sweden
Baltic
Industrial
Commercial
Private
Total
*excluding currency effects
12

13. 15 May 2018
13
Topdanmark combined ratio development
(as reported by Topdanmark stand-alone)
Topdanmark part of the Sampo Group since Q4/2017
91.1
93.3
90.3
88.0
91.5
86.0
86.8
85.1
82.0
85.2
76.0
78.0
80.0
82.0
84.0
86.0
88.0
90.0
92.0
94.0
96.0
2009 2010 2011 2012 2013 2014 2015 2016 2017 Q1/2018
%

14. 15 May 2018
Mandatum Life’s gross written premiums
by policy type in Finland
195
300
208 192 202
42
73
33
34
37
0
50
100
150
200
250
300
350
400
1-3/2014 1-3/2015 1-3/2016 1-3/2017 1-3/2018
EURm
Unit linked With profit
14

15. 15 May 2018
Mandatum Life technical reserves
1,453 1,330 1,289 1,217 1,152 1,087 1,014 903 830 753 678 661
2,824 2,843 2,831 2,821 2,719 2,598 2,475 2,360 2,245 2,108 1,957 1,910
344 313 311 372 377 385 439
439 499 545
547 567
135 244 273 325 301
1,228 1,196 1,142 1,065 1052
2,071
1,637 2,359
3,124 3,054 3,833 4,617
5,312 5,858 6,440 7,066 6,907
0
2,000
4,000
6,000
8,000
10,000
12,000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Q1/2018
Unit-linked Segregated fund (0.5% after 1.1.2017) Reserve for decreased discount rate
Other with-profit excl. segregated fund Guaranteed 3.5% Guaranteed rate 4.5%
EURm
15

16. 15 May 2018
Nordea share price and book value
5.0
6.0
7.0
8.0
9.0
10.0
11.0
12.0
13.0
12/31/2009
3/31/2010
6/30/2010
9/30/2010
12/31/2010
3/31/2011
6/30/2011
9/30/2011
12/31/2011
3/31/2012
6/30/2012
9/30/2012
12/31/2012
3/31/2013
6/30/2013
9/30/2013
12/31/2013
3/31/2014
6/30/2014
9/30/2014
12/31/2014
3/31/2015
6/30/2015
9/30/2015
12/31/2015
3/31/2016
6/30/2016
9/30/2016
12/31/2016
3/31/2017
6/30/2017
9/30/2017
12/31/2017
3/31/2018
EUR
Share price, lhs Book value, lhs
16

17. 181
488 540
406
544 490 597 587 586 620
293
200
100
100
100 100
125
275
150
130
80
204 250 224
293
370
533
551
557
585
107
511
568
744 756 768
883
1,067
1,220
1,555
1,452
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
If If, extra dividend Mandatum Life Nordea Topdanmark
*
15 May 2018
17
Dividends received by Sampo plc
EURm
* If made a sales gain in connection to the mandatory offer on Topdanmark shares and paid an extra SEK 2.8 billion (EUR 293 million) dividend to Sampo plc on 22 September 2016.

18. 15 May 2018
18
Sampo plc dividend per share
0.80
1.00
1.15 1.20
1.35
1.65
1.95
2.15
2.30
2.60
0.00
0.50
1.00
1.50
2.00
2.50
3.00
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
EUR

19. Sampo-aamiainen
Nordnet 15.5.2018