Jaakko Tyrväinen's questions to Sampo Oyj (SAXPY) leadership • Q1 2025
Question
Jaakko Tyrväinen asked about the drivers of the muted prior-year claims development in the quarter and sought Sampo's interpretation of a recent Danish anti-trust report, including any potential regulatory risks similar to the U.K.'s GIPP reform.
Answer
Executive Knut Alsaker explained that the prior-year gain was in line with the technical release of risk adjustments, implying the group's reserve base was strengthened during the quarter. On the Danish report, Executive Morten Thorsrud emphasized the market is competitive and Sampo focuses on risk-correct pricing. Executive Torbjoern Magnusson added that Sampo actually gained from the U.K.'s GIPP reform due to its consistent pricing principles.