Sampo Oyj Class A

SAMPO: XHEL (FIN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CPN	LOCK\|#$C$	LOCK\|<RFP&C#

Sampo Earnings: Topdanmark Synergies Emerging Faster Than Expected Yet Lagging in Underlying

Henry Heathfield

Feb 5, 2026

Sampo has packed a lot into its full-year 2025 results, with the EUR 540 million gain on the NOBA sale leading to buoyant net income. The business has also upgraded its distribution policy, but when we dig deeper we see underlying performance slightly lagging.

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Sampo Oyj Class A

Sampo Earnings: Topdanmark Synergies Emerging Faster Than Expected Yet Lagging in Underlying

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