Sampo Oyj (SAXPY) Q1 2026 Earnings Call May 6, 2026 3:30 AM EDT
Company Participants
Mirko Hurmerinta - Manager of Investor Relations
Morten Thorsrud - Group CEO, MD & Member of Group Executive Committee
Lars Beck - Group CFO & Member of Executive Committee
Conference Call Participants
Youdish Chicooree - Bernstein Autonomous LLP
Hans Rettedal Christiansen - Danske Bank A/S, Research Division
Vinit Malhotra - Mediobanca - Banca di credito finanziario S.p.A., Research Division
Ulrik Zürcher - Nordea Markets, Research Division
Nadia Claressa - JPMorgan Chase & Co, Research Division
Carl Lofthagen - Joh. Berenberg, Gossler & Co. KG, Research Division
Vash Gosalia - Goldman Sachs Group, Inc., Research Division
Simon Skaland Brun - ABG Sundal Collier Holding ASA, Research Division
Emil Immonen - DNB Carnegie, Research Division
Presentation
Mirko Hurmerinta
Manager of Investor Relations
Good morning, everyone, and welcome to Sampo Group's Conference Call on the first quarter '26 results. My name is Mirko Hurmerinta, and I am the Interim Head of Investor Relations at Sampo. I'm joined on the call today by Group CEO, Morten Thorsrud; and Group CFO, Lars Kufall Beck.
The call will include a short presentation by Morten and Lars, followed by Q&A. A recording of the call will later be available at sampo.com. With that, I hand over to you, Morten. Please go ahead.
Morten Thorsrud
Group CEO, MD & Member of Group Executive Committee
Thanks, Mirko, and very good morning, and welcome to the Sampo Q1 conference call on my behalf as well. Sampo had an excellent start to 2026 with continued strong operational momentum in all our segments, both in the Nordics as well as in the U.K. We delivered strong underwriting results, supported both by cost ratio improvements and favorable underlying risk ratio development. Our balance sheet remains robust in a somewhat volatile financial market, and we are increasing our full year guidance for the underwriting result as well
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