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Berenberg Forecasts 'Healthy' Q3 Topline Growth for Sampo; Buy Reiterated
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05:45 AM EDT, 10/06/2026 (MT Newswires) -- Berenberg expects Sampo (SAMPO.HE) to post "healthy" topline growth for the third quarter, with the results due Nov. 4 not expected to include any major announcements, such as buybacks, as the company will hold its investor day on Nov. 17. For the third quarter, the research firm forecasts 7.5% gross written premium growth in the Nordics, thanks to the performance of its Nordic Private and Nordic Commercial segments. Analysts also expect private UK written premiums to rise 8.7% annually in the quarter, with a combined ratio of 88.5%, according to a Tuesday note. Berenberg said Sampo's Nordic market share gains in direct SME and personal health will offset the impact of softening pricing conditions in the industrial segment due to high competition. On the financial forecasts side, Berenberg revised its estimates to account for the 118 million-euro pre-announced non-operating IT impairment loss and the impact of mark-to-market losses from higher yields. Analysts reduced their adjusted operating EPS forecasts for 2026 to 2028, with net income projections across the period also revised. The stock's buy rating and price target of 11.20 euros were maintained.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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