Vinit Malhotra's questions to Sampo Oyj (SAXPY) leadership • Q1 2025
Question
Vinit Malhotra asked why Sampo's retention is increasing while peers report declines, requested color on the claims component of Topdanmark synergies, and inquired about the impact of recent new car sales trends in the Nordics.
Answer
Executive Morten Thorsrud attributed strong retention to providing good service and accurate pricing. He explained that claims synergies are mainly from procurement, leveraging Topdanmark's superior purchasing power in Denmark. Regarding new car sales, he noted a slight Q1 increase from low levels, attributing country-specific volatility like in Norway to changes in car taxation rather than a fundamental shift in buying behavior.