Sampo raises 2026 insurance profit outlook and launches €350M share buyback after strong Q1 results

Sampo reported a 9% increase in its currency-adjusted insurance profit to €368 million in Q1 2026, driven by stable growth in Nordic private and SME sectors despite challenges in the UK and industrial segments. The company maintained a strong solvency ratio of 174% and announced a €350 million share buyback program funded by 2025 operating results and asset sales. Due to favorable weather and lower large claims, Sampo raised its 2026 insurance profit forecast to €1.525–1.625 billion, reflecting 3–9% growth. The firm remains cautious amid geopolitical uncertainty and volatile markets but highlights its resilient business model and disciplined underwriting approach.