Youdish Chicooree's questions to Sampo Oyj (SAXPY) leadership • Q1 2025
Question
Youdish Chicooree requested insight into the underlying pricing and volume dynamics in the Industrial segment, separate from derisking actions, and asked if U.K. personal motor pricing had stabilized towards the end of Q1 and into April.
Answer
Executive Morten Thorsrud confirmed that significant rate increases are still being implemented in the large corporate book, which is why derisking is causing negative earned premium growth. Regarding U.K. motor, Executive Torbjoern Magnusson noted that prices came down during Q1 and deferred further comment on recent stabilization until the Q2 report, highlighting the market is seeking a new level post-volatility.