Slides
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January–September 2026 4 November 2026 Investor Presentation
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Palette Additional Graph Fill Additional Table Positive / Negative 2 Disclaimer This presentation may contain forward-looking statements that reflect management’s current views with respect to certain future events and potential financial performance. Although Sampo believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of various factors. Important factors that may cause such a difference for Sampo include, but are not limited to: (i) the macroeconomic development, (ii) change in the competitive climate and (iii) developments in capital markets. This presentation does not imply that Sampo has undertaken to revise these forward-looking statements, beyond what is required by applicable law or applicable stock exchange regulations if and when circumstances arise that will lead to changes compared to the date when these statements were provided. 4 November 2026
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Financial highlights
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Palette Additional Graph Fill Additional Table Positive / Negative 4 Q3/2026: Continued high-quality growth Top-line growth supported by broad-based and improved momentum across the private and SME lines Consistently strong UW margins across all segments, supported by favourable claims development and disciplined underwriting Strong traction in Nordic Commercial with high-single-digit like-for-like GWP growth for the second consecutive quarter Underwriting result strengthened by 9% on a currency adjusted basis, driven by robust top-line growth and strong UW margins Adverse mark-to-market movements weighed on reported EPS, while operating EPS continued to grow 4 November 2026 Insurance revenue EUR 9.75–9.85 billion from EUR 9.70–9.85 billion Underwriting result EUR 1,600–1,650 million from EUR 1,550–1,625 million Outlook for 2026 adjusted Adjusted outlook reflects favourable claims development in 1–9/2026, both in terms of severe weather and large claims, as well as continued robust, broad-based top-line growth. +7-9% YoY +8-11% YoY
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Palette Additional Graph Fill Additional Table Positive / Negative Consistent improvements across key underwriting KPIs 5 Insurance revenue Combined ratio Underwriting result • Insurance revenue growth of 9% in Q3, supported by all segments • Improved momentum in Q3, particularly in private and SME lines 58.1% 57.7% 57.9% 58.2% 24.9% 24.9% 25.5% 25.0% Q3/2025 Q3/2026 1–9/2025 1–9/2026 Risk ratio (%) Cost ratio (%) • Risk ratio reflecting a more normalised but still benign claims environment • Improving cost ratio driven by cost discipline and efficiency gains • Underwriting result growth accelerated to 9% on a currency adjusted basis in Q3, driven by robust top-line growth • Strong UW margins across all segments, reflecting a disciplined approach to growth 83.3%83.4% EURm EURm 6,755 7,303 1–9/2025 1–9/2026 1,121 1,221 1–9/2025 1–9/2026 4 November 2026 82.6%83.0% 2,303 2,503 Q3/2025 Q3/2026 392 435 Q3/2025 Q3/2026
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Palette Additional Graph Fill Additional Table Positive / Negative Private Nordic Private UK Nordic Commercial Nordic Industrial 6 Performance supported by growth and strong margins across segments 80 88 1–9/2025 1–9/2026 533 602 1–9/2025 1–9/2026 UW result and combined ratio 82.0% 81.3% 3,416 (+5.4%) GWP Insurance revenue 3,230 (+6.5%) Figures in EUR million. GWP and insurance revenue include broker revenues. GWP and insurance revenue growth on like -for-like basis. 175 170 1–9/2025 1–9/2026 88.3% 89.5% UW result and combined ratio 2,328 (+5%) GWP Insurance revenue 1,621 (+11%) GWP Insurance revenue 81.8% 81.8% UW result and combined ratio 843 (-0.4%) GWP Insurance revenue 481 (+8.7%) 279 298 1–9/2025 1–9/2026 83.0% 83.0% 2,025 (+3.1%) 1,755 (+5.0%) UW result and combined ratio -3% 4 November 2026 +7% +10%+13%
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Palette Additional Graph Fill Additional Table Positive / Negative 8% 10% 12% 8% Digital sales Object sales Q3/2026 1–9/2026 7 Private Nordic: Durable growth with attractive underwriting margins 4 November 2026 6% 12% 6% 3% 5% 10% 5% 4% Total Personal insurance Private property Motor Q3/2026 1–9/2026 Continued broad-based growth with solid momentum Private Nordic like-for-like GWP growth Self-service transactions since 2022 Uptick seen in Nordic new car sales expected to gradually feed through to premium growth Benign claims frequencies, favourable weather conditions and top-line growth supported a strong underwriting result Strong demand-driven growth in personal insurance, resulting in 12% growth in the quarter Top-line growth continued to be supported by high and stable retention and strong new sales performance Growing customer adoption of digital services contributing to growth, efficiency and high customer satisfaction
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Palette Additional Graph Fill Additional Table Positive / Negative 4 November 2026 8 Private UK: Strong LCP growth at target UW margins Consistent growth at attractive margins UK motor market remained on the softer side, but with price stabilisation on renewal business LCP count increased to 4.9 million, with year-on-year growth accelerating to 13% Attractive top-line growth over the quarter, driven by higher policy volumes Lower average premiums year-on-year, reflecting current point in market cycle and mix effects UW margins in line with targets, even allowing for higher subsidence and fire claims in home and slightly higher motor frequencies over the summer. 3.1 3.1 3.2 3.5 3.9 4.5 4.9 2020 2021 2022 2023 2024 2025 1-9/2026 Million LCPs and combined ratio (%) +60% 87.3% 80.3%* 87.2% 89.8% 88.5% 89.2% 89.5% *) COVID-19 and a 3.1%-p benefit from acquisition accounting adjustments related to Hastings benefited the CoR.
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Palette Additional Graph Fill Additional Table Positive / Negative 4.2% 5.1% 6.8% 9.1% 5.1% 2023 2024 2025 Q3/26 1–9/26 Nordic Commercial: Accelerating momentum underpinned by SME 94 November 2026 23 27 40 33 2023 2024 2025 1-9/26 Operational ambition for 2024-2026 Growth rates for 2023 and 2024 excluding Topdanmark. Solid growth momentum underpinned by continued traction with SME and through digital channels SME like-for-like GWP growth (%) Commercial digital sales (EURm) Top-line growth propelled by accelerating momentum in SME and sustained growth in personal insurance Customer numbers continued to grow while retention remained high and stable UW margins continued to improve with a combined ratio of 82.1% in Q3, supported by favourable claims experience SME delivered broad-based growth across the Nordics supported by increased sales Positive momentum in digital sales with online sales up 25% over the quarter
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Palette Additional Graph Fill Additional Table Positive / Negative 37 92 105 125 140 2025 1-9/2026 2026 2027 2028 Topdanmark integration progressing as planned 10 Synergy run-rate realisation target by year • Strong delivery on synergies with cumulative realised run-rate close to 80% of the 2026 target, driven by cost synergies in IT and manning • Two-thirds of the total synergy target for 2028 already achieved, with further potential still to capture across cost, claims and revenue synergies • Core IT system harmonisation in Denmark resulted in a one-off non-cash impairment charge of ~EUR 118 million, with If’s platform selected for Commercial and Topdanmark’s for Private • Integration progressing at full speed towards the next milestone with the transition of the Topdanmark brand to If in late November 2026 EURm Realised run-rate Target per year 4 November 2026 8 11 Realised 2025 Costs Claims Revenue Synergies by type (2028)Synergies by source (2026) 140 EURm IT Other costs Claims Revenue66 17 22 All synergies effects reported on a run-rate basis, before taxes EURm
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Palette Additional Graph Fill Additional Table Positive / Negative Investment returns burdened by sharply increased interest rates Interest & dividend income Net gains or losses Other items NOBA & Nexi Net investment income 11 Adverse mark-to-market movements partly offset by legacy assets • Rising interest rates, particularly at the short end of the yield curve, led to fixed income net losses of EUR -253 million, resulting in negative net investment income of EUR -63 million in Q3 • Core investment portfolio continued to generate solid interest and dividend income of EUR 163 million over the quarter • Higher reinvestment yields supported an increase in the fixed income running yield to 4.0%, while the mark-to-market yield rose by 0.8%-p to 4.3% Group investment returns Q3/2026 and 1–9/2026 -276 76 -25 -63 163 Fixed income Equities & funds Group net investment income Q3/2026, EURm 4 November 2026 Core portfolio -0.8 % 1.8 % -0.4 % -0.8 % 0.8 % -3.8 % 0.1 % 1.2 % Fixed income Equities Total Total excl. NOBA & Nexi Q3/2026 1-9/2026
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Palette Additional Graph Fill Additional Table Positive / Negative Q2/2026 Operating performance Market effects NOBA Other items Distribution accrual Q3/2026 12 Solvency II coverage supported by strong operating performance Group Solvency II ratio Target: 150%-190% 5,785 5,794 3,327 3,314 Own funds SCR • Solvency II coverage stood strong at 175%, supported by strong operating performance • Positive market effects mainly driven by favourable FX movements, partly offset by higher interest and widening spreads • Other items included underwriting seasonality, reserve strengthening and some technical effects • NOBA share sales had an around 2%-p positive effect • Financial leverage improved to 25.1% from 25.9% at the end of Q2, supported by retained earnings, while financial debt remained largely unchanged Interest rates -100bps Interest rates +100bps Credit spreads +100bps Equities -10% Equities -20% Equities -30% -1%-p 0%-p -9%-p +1%-p +1%-p 0%-p Solvency II sensitivities 4 November 2026 174% 175% 13% +1% +2% -10% -5%
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Palette Additional Graph Fill Additional Table Positive / Negative 4 November 2026 13 Changes to operating result and operating EPS EURm Q3/2026 1-9/2026 Operating result 365 1,096 -Inclusion of RT1 interest expenses -9 -18 -Exclusion of certain derivatives 17 10 -Change of tax rate -6 -12 Core result 367 1,076 Operating EPS 0.14 0.41 Core EPS 0.14 0.41 The IFRS 18 Presentation and Disclosure in Financial Statements standard, due to applied from 1 January 2027 onward, introduces operating profit as a line item in the statement of profit or loss. To avoid ambiguity in terminology, Sampo’s operating result and operating EPS will be renamed core result and core EPS, respectively. At the same time, a few changes will be made to the calculation formula of these key figures: • Interest expenses on restricted Tier 1 instruments, which is recognised in equity in the IFRS accounting, will be included in the core result, as they have cash effect. • Derivatives related to hedging indexation of annuities and change in interest rates will be excluded for consistent treatment of mark-to-market effects. • The fixed tax rate used for the core result calculation will be increased to 22 per cent from the current 21 per cent to better reflect the actual average effective tax rate. Both the renaming and the changes in the calculation formula will be applied from the beginning of 2027. The changes will have no effect on full-year 2026 figures or the expected regular distributions for the fiscal year 2026. The comparable figures for the full-year and each quarter of 2026 will be published in connection with the full-year 2026 result in February. Core EPS bridge
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Palette Additional Graph Fill Additional Table Positive / Negative Outlook for 2026 Group insurance revenue: EUR 9.75–9.85 billion (from EUR 9.70–9.85 billion), representing growth of 7–9 per cent year-on-year Group underwriting result: EUR 1,600–1,650 million (from EUR 1,550–1,625 million), representing growth of 8–11 per cent year-on-year 14 Outlook for 2026 adjusted to reflect the strong performance Sampo is in a strong position to continue attractive UW profit growth• Sampo continues to deliver steady UW profit growth, driven by attractive organic growth • Following strong performance and a favourable weather and large claims experience in 1-9/2026, the outlook has been adjusted 2023 2024 2025 2026 outlook Insurance revenue (EURbn) 2023 2024 2025 2026 outlook Underwriting result (EURm) 1,600– 1,650 8.4 7.5 1,485 1,316 1,164 +7-9% +8-11%9.75– 9.85 9.1 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative • Nordic P&C is competitive, transparent and switching providers is already easy • Customers are digitally savvy, with most new sales through digital channels, and many customers already use AI to compare products and prices • Efficient claims handling requires extensive service capabilities and partnership network – more than 70% of motor claims are procured on behalf of customers • Together with 2,000+ employees in claims and ~3,000 external claims partners, Sampo handles close to 2 million private claims annually in the Nordics Private Nordic P&C market dynamics in a nutshell • Customer value goes beyond financial compensation to service and assistance • Claims are usually relatively small but frequent, and paid directly to claims partners • High-quality service supports strong customer satisfaction and retention • Customers typically hold multiple policies, with service, convenience, coverage and trust in strong brands supporting retention 82/100 Customer satisfaction <2 yrs Average time between claims per customer Insurance is fundamentally a service business Strong and lasting customer relationships Nordic P&C is highly digitalised and transparent Resolution of claims is physical business 89% Customer retention 4 November 2026 15 €1,400 Average claim size 4.1 Policies per household on avg 1.8m Number of claims in 2025 Note: All figures presented relate to Sampo Group Private Nordic 10 9 8 7 6 5 4 3 2 1 0 Most satisfied Least satisfied After claim, how likely are you to recommend us? (% of respondents) 84% • Private Nordic P&C is a mature market, but still growing ahead of GDP • Sizeable EUR >20 billion total market but individual countries are fairly small and competition is mostly local, with only few players operating in more than one country Big total size split into small local markets
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Palette Additional Graph Fill Additional Table Positive / Negative Financial leverage: <30% 1,164 1,316 1,485 1,600-1,650 2023 2024 2025 2026 outlook Strong performance on key operational ambitions Operating EPS growth: >9%1) (period average) Consistent delivery against targets throughout the strategic period Combined ratio: <85% Deployable capital generation: >EUR 4.5bn2) Solvency II ratio: 150-190% Strong execution on delivering underwriting profit growth 13% 84.3% 2.0 177% 26.9% 7% 83.6% 3.5 174% 23.6% 8% 83.3% 5.0 175% 25.1% 2024 2025 1–9/2026 1) Operating EPS growth target raised from >7% p.a. in Nov 2025; 2) Deployable capital generation target raised from >EUR 4.0bn in 2024; 3) Personal insurance target raised from >7.5% in Nov 2025; 4. Private UK UW profit growth target raised from 10-15% in Nov 2025 4 November 2026 Annual SME GWP growth Personal insurance GWP growth (annual) Nordic Private customer retention Private UK UW profit growth p.a. Target 2024-2026 89% 11% 6% 20% ≥89% >10%3 >6% 20-25%4 Target Target Target Target Actual Actual Actual Actual +37-42%
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Palette Additional Graph Fill Additional Table Positive / Negative 4 November 2026 17 Sampo’s Investor Update 2026 • Sampo’s Investor Update will take place in London on 17 November 2026. • Group Management will provide further insight into Sampo’s operational and financial ambitions for the next strategic period • The program will start at 10:00 am UK time and end at around 1:00 pm • The event will be webcast and can be followed live at www.sampo.com
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Performance by segment
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Palette Additional Graph Fill Additional Table Positive / Negative 19 Private Nordic: Broad-based growth continued • Like-for-like top-line growth of 5.6% in Q3, driven by broad-based momentum across the Nordics • In Q3, personal insurance grew by 12% and private property by 6%, while motor was up 3% with momentum expected to improve • All Nordic countries reported positive top-line development with Denmark standing out in Q3, delivering high-single-digit growth • Momentum in digital sales remained strong, although intensifying competition in Finland dampened growth to some extent in Q3 • High and stable customer retention at the target ambition level of 89%, supporting continued increase in customer numbers • In Q3, combined ratio improved by 1.2%-p to 79.5%, benefitting from both benign weather and lower claims frequency, partly reflecting changes in driving patterns following a period of elevated fuel prices € 3,416 million +5% year-on-year Gross written premiums 81.3% -0.7%-p year-on-year Combined ratio € 602 million +13% year-on-year Underwriting result 89% Stable year-on-year Retention rate GWP growth on like-for-like basis. 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 89% 89% 89% 2024* 2025 1–9/2026 83 83 82 2024* 2025* 1–9/2026 12% 6% 3% 5.6% 10% 5% 4% 5.4% Personal insurance Private property Motor Total Q3/2026 1–9/2026 20 Private Nordic: Key growth drivers GWP growth, like-for-like Digital sales (EURm) 144 175 136 154 2024* 2025 1–9/2025 1–9/2026 Operational ambition for 2024-2026 Retention rate (%) Customer satisfaction** Insured households (millions) 3.7 3.7 3.8 2024 2025 1–9/2026 6.5% 8.5% 5.4% 2024 2025 1–9/2026 GWP growth, like-for-like 3,872 3,667 4,183 3,995 3,416 3,230 GWP: Ins. revenue: PI operational ambition refers to the total Nordic portfolio * 4 November 2026 *) Excluding Topdanmark, **) The new customer satisfaction metric combines relational NPS, transactional NPS for closed claims, customer satisfaction from inbound customer centre contacts and customer satisfaction from digital interactions into single KPI.
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Palette Additional Graph Fill Additional Table Positive / Negative 21 Private UK: Capturing growth with disciplined underwriting • Top-line development continued to be driven by LCP growth across several segments in motor and home • LCP growth of 3% quarter-on-quarter and 13% year-on-year • Average market prices for motor broadly stable year-on-year at total portfolio level • Continued disciplined approach to risk pricing and risk selection – UW margins remained in line with target levels despite the softer pricing environment and home claims experience • Risk ratio increased by 2.8%-p, mainly driven by lower average premiums and home claims experience, particularly fire and subsidence claims following the hot and dry summer • Cost ratio improved by 1.5%-p year-on-year, reflecting higher level of earned premiums and continued operational efficiency € 2,328 million +5% year-on-year Gross written premiums 89.5% +1.3%-p year-on-year Combined ratio € 170 million -3% year-on-year Underwriting result 4.9 million +3% from Q2/2026 Live customer policies GWP includes broker revenues, growth rate on like-for-like basis. 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 32% 21% 13% 5% 2023 2024 2025 1–9/2026 UK: GWP growth, like-for-like Including broker revenues 22 Private UK: Key growth drivers 2.92 3.14 3.47 3.56 3.83 3.97 2023 2024 Q3/2025 2025 Q2/2026 Q3/2026 UK: motor policies in force, millions UK: home policies in force, millions 0.54 0.72 0.89 0.91 0.94 0.96 2023 2024 Q3/2025 2025 Q2/2026Q3/2026 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 23 Nordic Commercial: Accelerating growth momentum • Strong SME-driven growth momentum with high-single-digit like-for-like GWP growth for the second consecutive quarter • SME lines grew by 9% in Q3 and 5% in January-September, supported by solid and broad-based growth across the Nordics • Digital sales up 13%, totalling EUR 43 million on a rolling 12-month basis, progressing towards the operational ambition of EUR 45 million • Combined ratio stood strong despite a higher risk ratio, driven by a higher level of large claims as well as Storm Dave • Cost ratio improved by 0.5 %-p year-on-year to 23.8%, reflecting continued cost discipline and operational efficiency € 2,025 million +3% year-on-year Gross written premiums 83.0% +0.1%-p year-on-year Combined ratio € 298 million +7% year-on-year Underwriting result +5% SME GWP growth GWP growth on like-for-like-basis. 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 5.1% 6.8% 5.1% 2024 2025 1–9/2026 5.6% 5.9% 3.1% 2024 2025 1–9/2026 24 Nordic Commercial: Key growth drivers GWP growth, like-for-like 2,173 2,391 2,025 2,128 2,201 1,755 GWP: Ins. rev.: 27 40 29 33 2024 2025 1–9/2025 1–9/2026 Commercial digital sales (EURm)SME: GWP growth, like-for-like Operational ambition for 2024-2026 Growth rates for 2024 excluding Topdanmark. Digital sales for 1-9/2024 excluding Topdanmark.Growth rate for 2024 excluding Topdanmark. 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 25 Nordic Industrial: Strong margins amid soft market conditions • Like-for-like top-line growth slightly negative in January-September, but up 3% in Q3, driven by new sales, particularly in Denmark • Insurance revenue increased by 10% in 1-9/2026, supported by favourable reinsurance terms • Despite the soft market environment, retention remained relatively strong, demonstrating high customer loyalty • Project insurance continued to develop favourably and ahead of the prior-year • Underwriting performance supported by large claims being below budget and favourable reinsurance renewals • Cost ratio improved by 2%-p to 20.7%, reflecting continued efficiency measures and disciplined cost management € 843 million 0% year-on-year Gross written premiums € 481 million +10% year-on-year Insurance revenue GWP growth on like-for-like basis. 81.8% 0.0%-p year-on-year Combined ratio € 88 million +10% year-on-year Underwriting result 4 November 2026
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Financial supplement
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Palette Additional Graph Fill Additional Table Positive / Negative Profit & loss detail
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Palette Additional Graph Fill Additional Table Positive / Negative 28 Key result movements Q3/2026 EURm Q3/2026 Q3/2025 Comments Gross written premiums 2,373 2,218 - Like-for-like growth of 6%, driven by continued momentum in private and SME lines Insurance revenue, net 2,503 2,303 - Broad-based underlying development across segments Underwriting result 435 392 - UW result up 9% on a currency-adjusted basis, supported by continued top-line growth and strong underwriting margins - Private Nordic 225 196 - UW performance supported by strong top-line growth and benign claims experience - Private UK 59 63 - UW result remained strong despite being affected by lower average premiums, a higher risk ratio and adverse FX movements - Nordic Commercial 107 95 - Higher UW result supported by strong top-line growth and improved cost efficiency - Nordic Industrial 24 20 - UW improvement driven by higher insurance revenue, lower reinsurance prices, improved cost ratio and benign claims experience - Baltic and other operations 18 19 - UW result impacted by a higher cost ratio, reflecting lower volumes Combined ratio, % 82.6 83.0 - Improvement driven by benign weather conditions, favourable large claims experience and positive underlying trends Nordic underlying risk ratio, % 62.5 62.8 - 0.3%-p improvement driven by disciplined underwriting and a favourable large claims outcome Net financial result 69 549 - Rising yields led to material net losses in the fixed income portfolio, partly offset through positive discounting effects on insurance liabilities, while the comparison figure was boosted by a EUR 355 million net gain from NOBA’s IPO Profit before taxes 323 866 - Profit before taxes weighed down by the lower net financial result, while the UW result remained strong Operating EPS, EUR 0.14 0.14 - Operating EPS up 2%, driven by improved UW result, partly offset by realised gains being lower than in the comparison period 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative Top-line development 29 3,627 3,872 4,183 3,192 3,416 2,063 2,565 2,865 2,243 2,328 1,977 2,173 2,391 1,990 2,025 966 1,070 1,046 841 843 238 249 253 195 191 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 2023 2024 2025 1–9/2025 1–9/2026 Private Nordic Private UK Nordic Commercial Nordic Industrial Baltic and other operations 8,870 EURm Gross written premiums 3,487 3,667 3,995 2,968 3,230 1,251 1,659 2,000 1,487 1,621 1,945 2,128 2,201 1,640 1,755 627 657 584 439 481 223 275 298 223 217 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 2023 2024 2025 1–9/2025 1–9/2026 Private Nordic Private UK Nordic Commercial Nordic Industrial Baltic and other operations Insurance revenue, net EURm GWP and insurance revenue include broker revenues. 7,535 8,386 9,078 10,738 9,931 8,461 8,803 6,755 7,303 12 Aug 2026 29
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Palette Additional Graph Fill Additional Table Positive / Negative 595 628 715 533 602 128 190 216 175 170 315 352 376 279 298 80 74 109 80 88 46 72 69 55 63 0 200 400 600 800 1,000 1,200 1,400 1,600 2023 2024 2025 1–9/2025 1–9/2026 Private Nordic Private UK Nordic Commercial Nordic Industrial Baltic and other operations 1,164 84.6% 84.3% 83.6% 83.4% 83.3% 70% 72% 74% 76% 78% 80% 82% 84% 86% 88% 2023 2024 2025 1–9/2025 1–9/2026 Underwriting result and combined ratio development EURm Underwriting result Combined ratio 30 1,316 1,485 1,121 1,221 12 Aug 2026 30
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Palette Additional Graph Fill Additional Table Positive / Negative 31 Group: results and key figures EURm 1–9/2026 Q3/2026 Q2/2026 Q1/2026 Q4/2025 1–9/2025 Q3/2025 Q2/2025 Q1/2025 FY 2025 FY 2024 FY 2023 Gross written premiums 8,803 2,373 2,677 3,752 2,277 8,461 2,218 2,542 3,701 10,738 9,931 8,870 Insurance revenue, net 7,303 2,503 2,437 2,363 2,322 6,755 2,303 2,264 2,188 9,078 8,386 7,535 Claims incurred, net -4,253 -1,444 -1,401 -1,407 -1,377 -3,913 -1,338 -1,286 -1,289 -5,290 -4,948 -4,482 Operating expense (incl. claims handling costs) -1,829 -624 -618 -587 -581 -1,721 -573 -585 -563 -2,302 -2,122 -1,890 Underwriting result 1,221 435 418 368 364 1,121 392 393 336 1,485 1,316 1,164 Net investment income 21 -63 360 -276 358 927 554 292 80 1,285 888 1,006 Insurance finance income or expense -7 132 -140 1 17 -91 -5 -107 21 -74 -252 -446 Net financial result 14 69 220 -276 375 836 549 185 101 1,210 636 560 Other income or expense -54 -32 -6 -15 -21 -28 -18 -3 -7 -48 -210 -81 Non-operational amortisations -178 -125 -26 -26 -25 -103 -51 -26 -26 -128 -79 -68 Finance expenses -69 -24 -22 -24 -25 -58 -6 -24 -28 -83 -103 -93 Profit before taxes 934 323 584 28 668 1.769 866 526 377 2,436 1,559 1,481 Net profit for the equity holders 687 270 462 -46 538 1,460 757 417 285 1,998 1,154 1,323 - of which from life operations - - - - - - - - - - -26 251 Earnings per share, EUR 0.26 0.10 0.17 -0.02 0.20 0.54 0.28 0.16 0.11 0.74 0.45 0.52 Operating EPS, EUR 0.41 0.14 0.14 0.13 0.12 0.38 0.14 0.14 0.11 0.50 0.47 0.41 Risk ratio, % 58.2 57.7 57.5 59.6 59.3 57.9 58.1 56.8 58.9 58.3 59.0 59.5 Cost ratio, % 25.0 24.9 25.4 24.8 25.0 25.5 24.9 25.9 25.7 25.4 25.3 25.1 Combined ratio, % 83.3 82.6 82.9 84.4 84.3 83.4 83.0 82.6 84.6 83.6 84.3 84.6 Gross written premiums and insurance revenue include broker revenues. 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 32 Group: operating result EURm 1–9/2026 Q3/2026 Q2/2026 Q1/2026 Q4/2025 1–9/2025 Q3/2025 Q2/2025 Q1/2025 FY2025 FY 2024 FY 2023 Underwriting result 1,221 435 418 368 364 1,121 392 393 336 1,485 1,316 1,164 Interest and dividend income 484 170 168 146 142 450 144 164 142 592 609 593 Realised gains or losses 3 -31 3 30 -1 27 30 7 -11 25 46 86 Unwind of discounting -216 -75 -75 -67 -64 -176 -59 -59 -57 -240 -238 -248 Other income or expense (excl. one-offs) -69 -48 -6 -15 -21 -39 -18 -14 -7 -60 -46 -81 Finance expense -34 11 -22 -24 -25 -78 -27 -24 -28 -103 -103 -93 Operating result before taxes 1,388 462 486 440 395 1,305 463 466 375 1,700 1,585 1,420 Taxes on operating result -291 -97 -102 -92 -83 -274 -97 -98 -79 -357 -333 -298 Non-controlling interest - - - - - - - - - - -59 -76 Operating result 1,096 365 384 347 312 1,031 366 368 297 1,343 1,193 1,046 Average share count (YTD, split adjusted), mn shares 2,646 2,646 2,654 2,657 2,685 2,687 2,687 2,691 2,691 2,685 2,561 2,530 Operating EPS, EUR 0.41 0.14 0.14 0.13 0.12 0.38 0.14 0.14 0.11 0.50 0.47 0.41 Growth, % 8 2 6 19 -10 14 16 16 9 7 13 - In the third quarter of 2025, the reporting method was changed so that interest income on bank accounts and assets at amortised cost have been moved from realised gains or losses to interest and dividend income, in line with the change in the net financial result table. The figures for 2023-2024 have been restated as well. 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 33 Private Nordic: results and key figures EURm 1–9/2026 Q3/2026 Q2/2026 Q1/2026 Q4/2025 1–9/2025 Q3/2025 Q2/2025 Q1/2025 FY 2025 FY 2024 FY 2023 Gross written premiums 3,416 1,077 1,172 1,167 991 3,192 1,011 1,100 1,081 4,183 3,872 3,627 Insurance revenue, net 3,230 1,099 1,083 1,048 1,027 2,968 1,014 995 958 3,995 3,667 3,489 Claims incurred, net -1,936 -642 -649 -645 -629 -1,802 -610 -598 -594 -2,431 -2,226 -2,125 Operating expense (incl. claims handling costs) -692 -232 -236 -224 -216 -633 -209 -215 -209 -849 -814 -769 Underwriting result 602 225 198 179 183 533 196 182 155 715 628 595 GWP growth, like-for-like, % 5.4 5.6 4.8 5.7 7.0 8.9 9.5 8.7 8.5 8.5 - - Insurance revenue growth, like-for-like, % 6.5 6.0 6.7 7.0 8.1 8.1 8.8 8.2 7.4 8.1 - - Risk ratio, % 59.9 58.4 59.9 61.6 61.2 60.7 60.1 60.1 61.9 60.9 60.7 60.9 Cost ratio, % 21.4 21.1 21.8 21.4 21.0 21.3 20.6 21.6 21.8 21.2 22.2 22.0 Combined ratio, % 81.3 79.5 81.7 83.0 82.2 82.0 80.7 81.7 83.8 82.1 82.9 83.0 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 34 Private UK: results and key figures EURm 1–9/2026 Q3/2026 Q2/2026 Q1/2026 Q4/2025 1–9/2025 Q3/2025 Q2/2025 Q1/2025 FY 2025 FY 2024 FY 2023 Gross written premiums 2,328 828 798 702 622 2,243 764 757 722 2,865 2,565 2,063 Insurance revenue, net 1,621 562 537 522 513 1,487 518 499 470 2,000 1,659 1,251 Claims incurred, net -885 -301 -286 -298 -302 -770 -272 -253 -245 -1,073 -868 -658 Operating expense (incl. claims handling costs) -566 -202 -191 -173 -170 -542 -183 -187 -172 -712 -601 -465 Underwriting result 170 59 60 50 41 175 63 59 53 216 190 128 GWP growth, like-for-like, % 5 7 8 1 5 16 7 13 26 13 - - Insurance revenue growth, like-for-like, % 11 7 10 15 19 23 21 24 24 22 - - Live customer policies, mn 4.9 4.9 4.8 4.6 4.5 4.4 4.4 4.2 4.1 4.5 3.9 3.5 Risk ratio, % 54.6 53.5 53.2 57.1 58.8 51.8 52.5 50.7 52.2 53.6 52.3 52.6 Cost ratio, % 34.9 35.9 35.6 33.2 33.2 36.5 35.4 37.6 36.5 35.6 36.2 37.2 Combined ratio, % 89.5 89.4 88.9 90.3 91.9 88.3 87.9 88.2 88.7 89.2 88.5 89.8 Gross written premiums and insurance revenue include broker revenues. 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 35 Nordic Commercial: results and key figures EURm 1–9/2026 Q3/2026 Q2/2026 Q1/2026 Q4/2025 1–9/2025 Q3/2025 Q2/2025 Q1/2025 FY 2025 FY 2024 FY 2023 Gross written premiums 2,025 304 386 1,335 401 1,990 282 360 1,348 2,391 2,173 1,977 Insurance revenue, net 1,755 599 585 570 561 1,640 554 549 537 2,201 2,128 1,945 Claims incurred, net -1,038 -352 -348 -338 -324 -961 -326 -309 -325 -1,285 -1,254 -1,153 Operating expense (incl. claims handling costs) -418 -140 -137 -142 -140 -399 -133 -133 -134 -539 -522 -477 Underwriting result 298 107 100 90 96 279 95 107 78 376 352 315 GWP growth, like-for-like, % 3.1 6.7 8.6 1.0 6.4 5.8 7.8 6.3 5.2 5.9 - - Insurance revenue growth, like-for-like, % 5.0 5.7 4.5 4.8 2.7 3.6 3.0 4.4 3.5 3.4 - - Risk ratio, % 59.2 58.7 59.5 59.3 57.8 58.6 58.9 56.3 60.6 58.4 58.9 59.2 Cost ratio, % 23.8 23.3 23.4 24.9 25.0 24.3 23.9 24.2 24.9 24.5 24.5 24.5 Combined ratio, % 83.0 82.1 82.9 84.1 82.8 83.0 82.9 80.5 85.5 82.9 83.5 83.8 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 36 Nordic Industrial: results and key figures EURm 1–9/2026 Q3/2026 Q2/2026 Q1/2026 Q4/2025 1–9/2025 Q3/2025 Q2/2025 Q1/2025 FY 2025 FY 2024 FY 2023 Gross written premiums 843 108 255 480 205 841 104 256 481 1,046 1,070 966 Insurance revenue, net 481 168 159 154 145 439 141 147 150 584 657 627 Claims incurred, net -293 -111 -91 -91 -82 -259 -88 -84 -87 -341 -455 -428 Operating expense (incl. claims handling costs) -100 -33 -34 -33 -34 -100 -33 -34 -33 -134 -128 -118 Underwriting result 88 24 33 30 29 80 20 29 31 109 74 80 GWP growth, like-for-like, % -0.4 2.6 -0.6 -1.0 1.9 -4.1 -15.2 -6.6 0.3 -3.0 - - Insurance revenue growth, like-for-like, % 8.7 16.3 6.5 3.5 -11.9 -9.8 -13.1 -7.1 -9.0 -10.3 - - Risk ratio, % 61.1 66.0 57.6 59.0 56.2 59.1 62.5 57.1 57.8 58.4 69.2 68.3 Cost ratio, % 20.7 19.6 21.4 21.3 23.5 22.7 23.5 22.8 21.8 22.9 19.5 18.9 Combined ratio, % 81.8 85.6 79.0 80.3 79.7 81.8 86.1 80.0 79.6 81.3 88.7 87.3 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 37 Baltic & other operations: results and key figures EURm 1–9/2026 Q3/2026 Q2/2026 Q1/2026 Q4/2025 1–9/2025 Q3/2025 Q2/2025 Q1/2025 FY 2025 FY 2024 FY 2023 Gross written premiums 191 57 66 69 58 195 57 69 69 253 249 238 Insurance revenue, net 217 75 73 69 75 223 76 75 72 298 275 223 Claims incurred, net -101 -38 -27 -36 -40 -121 -41 -42 -38 -161 -146 -118 Operating expense (incl. claims handling costs) -53 -18 -20 -15 -21 -47 -15 -17 -15 -68 -57 -60 Underwriting result 63 18 26 19 14 55 19 16 19 69 72 46 Risk ratio, % 46.5 51.6 36.9 51.2 52.9 54.2 54.3 55.7 52.6 53.9 53.0 52.6 Cost ratio, % 24.3 23.6 27.3 21.8 28.2 21.2 20.0 22.3 21.3 23.0 20.7 26.8 Combined ratio, % 70.8 75.2 64.1 73.1 81.1 75.4 74.3 78.0 73.9 76.9 73.7 79.4 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 1–9/2026 Q3/2026 Q2/2026 Q1/2026 Q4/2025 1–9/2025 Q3/2025 Q2/2025 Q1/2025 FY 2025 FY 2024 FY 2023 Risk ratio, % 59.8 59.2 59.6 60.6 59.7 59.9 59.9 58.6 61.1 59.8 61.0 61.1 Large claims, % -0.8 -0.3 -0.5 -1.7 -1.4 -1.0 -0.3 -1.6 -1.0 -1.1 1.2 1.3 Severe weather, % 0.4 0.0 1.1 0.0 2.5 -0.3 0.0 -0.3 -0.5 0.4 2.2 3.3 PYD, RA and other technical effects, % 0.3 1.0 -0.1 -0.1 -1.6 0.4 0.5 1.0 -0.2 -0.1 -3.5 -3.7 Discounting effect, current year, % -3.3 -4.0 -3.0 -2.9 -3.0 -2.9 -3.0 -2.9 -2.8 -2.9 -2.8 -3.3 Underlying risk ratio, % 63.3 62.5 62.1 65.4 63.2 63.6 62.8 62.5 65.5 63.5 63.8 63.6 Change, year-on-year, % -0.3 -0.3 -0.3 -0.2 -0.3 -0.3 -0.3 -0.4 -0.2 -0.3 0.2 - 38 Nordic underlying risk ratio development All the key figures in the table above are calculated on a net basis. Ratios are also based on SEK figures, which may cause s mall quarterly differences compared to ratios based on reported EUR figures. Large claims measured against budget but severe weather claims are reported in full. Negative figures i ndicate a positive outcome. 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 39 Group net financial result EURm 1–9/2026 Q3/2026 Q2/2026 Q1/2026 Q4/2025 1–9/2025 Q3/2025 Q2/2025 Q1/2025 FY 2025 FY 2024 FY 2023 Fixed income 443 156 146 141 137 405 139 132 134 541 559 520 Equities 42 2 37 3 3 25 2 19 4 28 37 59 Funds 18 12 4 3 3 20 4 12 5 23 16 16 Interest and dividend income 502 170 186 146 142 450 144 164 142 592 612 595 Fixed income -291 -253 117 -156 -16 57 -15 86 -13 41 147 364 Equities -215 28 3 -247 232 415 428 11 -24 648 81 64 Funds 60 18 70 -28 18 65 19 34 12 83 70 60 Net gains or losses -447 -207 190 -431 234 538 432 131 -25 772 298 488 Other items -34 -25 -17 8 -18 -61 -22 -2 -37 -80 -22 -77 Net investment income 21 -63 360 -276 358 927 554 292 80 1,285 888 1,006 Unwind of discounting -216 -75 -75 -67 -64 -176 -59 -59 -57 -240 -238 -248 Changes in discount rates 209 206 -66 69 69 114 65 -42 91 183 -25 -160 Indexation of annuities 1 1 2 -1 12 -29 -11 -5 -12 -17 11 -38 Insurance finance income or expense -7 132 -140 1 17 -91 -5 -107 21 -74 -252 -446 Net financial result 14 69 220 -276 375 836 549 185 101 1,210 636 560 In the third quarter of 2025, the reporting method regarding investment income in the table above was changed so that interest income on bank accounts and assets at amortised cost have been moved from Other items to Fixed income under Interest and dividend income. The figures for 2023-2024 have been restated as well. 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative Investments & balance sheet
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Palette Additional Graph Fill Additional Table Positive / Negative 41 Q3/2026 Q2/2026 Q1/2026 Q4/2025 Q3/2025 Q2/2025 Q1/2025 FY 2025 FY 2024 FY 2023 Property, plant and equipment 309 315 305 301 276 288 296 301 284 318 Intangible assets 3,347 3,461 3,479 3,492 3,510 3,556 3,629 3,492 3,637 3,637 Investments in associates 5 5 5 5 4 4 4 5 4 12 Financial assets 17,828 17,540 18,123 17,154 16,640 16,143 16,749 17,154 16,090 15,757 Deferred income tax 4 3 2 2 1 6 8 2 2 3 Reinsurance contract assets 2,514 2,545 2,454 2,488 2,446 2,511 2,408 2,488 2,618 2,282 Other assets 973 979 991 962 1,161 978 1,080 962 880 800 Cash and cash equivalents 1,375 1,511 1,272 1,319 1,492 1,321 1,819 1,319 962 1,415 Total assets 26,354 26,358 26,631 25,732 25,531 24,808 25,994 25,723 24,478 24,225 Insurance contract liabilities 13,916 13,875 13,703 12,760 12,960 12,963 13,009 12,760 12,286 11,716 Subordinated debts 1,179 1,179 1,179 1,317 1,314 1,626 1,650 1,317 1,642 1,645 Other financial liabilities 1,543 1,660 1,326 1,413 1,384 1,288 1,467 1,413 1,395 1,269 Deferred income tax 522 558 537 553 566 528 555 553 535 567 Other liabilities 1,550 1,744 1,681 1,589 1,646 1,563 1,833 1,589 1,562 1,342 Total liabilities 18,710 19,015 18,426 17,631 17,860 17,968 18,514 17,631 17,419 16,538 Share capital 98 98 98 98 98 98 98 98 98 98 Reserves 3,969 3,531 3,531 3,531 3,530 3,531 3,531 3,531 3,531 1,530 Restricted Tier 1 notes 439 439 439 298 298 - - 298 - - Retained earnings 4,307 4,029 4,874 4,927 4,533 3.971 4,473 4,927 4,176 6,378 Other components of equity -730 -754 -737 -762 -788 -760 -622 -762 -746 -743 Non-controlling interests - - - - - - - - - 424 Total equity 7,644 7,343 8,205 8,092 7,671 6,840 7,480 8,092 7,059 7,687 Total equity and liabilities 26,354 26,358 26,631 25,723 25,531 24,808 25,994 25,723 24,478 24,225 Group balance sheet 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 42 Q3/2026 Q2/2026 Q1/2026 Q4/2025 Q3/2025 Q2/2025 Q1/2025 FY 2025 FY 2024 FY 2023 Credit bonds, funds and loans 51% 49% 46% 47% 47% 47% 43% 47% 49% 44% Covered bonds 19% 19% 20% 21% 21% 24% 25% 21% 24% 23% Government bonds 5% 5% 6% 6% 7% 7% 7% 6% 6% 4% Index-linked bonds 2% 2% 2% 3% 3% 3% 3% 3% 3% 3% Money market and cash 13% 13% 15% 9% 10% 8% 11% 9% 6% 12% Total fixed income 89% 88% 89% 87% 88% 89% 89% 87% 88% 86% Equities and equity funds 10% 11% 10% 13% 11% 8% 8% 13% 8% 8% Alternatives 1% 1% 1% 1% 1% 4% 3% 1% 4% 6% Total, EURbn 18.4 18.2 18.7 17.8 17.5 16.9 17.9 17.8 16.5 17.1 Fixed income return -0.8% 1.6% -0.1% 0.8% 1.3% 1.5% 0.8% 4.0% 5.0% 5.3% Equites return 1.8% 7.2% -12.3% 15.4% 27.0% 6.0% -0.7% 55.1% 14.6% 8.0% Total investment return -0.4% 1.9% -1.5% 2.1% 3.5% 1.8% 0.5% 7.6% 5.5% 5.7% Fixed income duration, years 2.7 2.7 2.5 2.3 2.3 2.5 2.3 2.3 2.3 2.3 Fixed income average maturity, years 3.2 3.2 3.4 3.2 3.4 3.7 3.4 3.2 3.7 3.3 Fixed income running yield 4.0% 3.9% 3.8% 3.9% 3.8% 3.9% 3.9% 3.9% 3.9% 3.9% Fixed income mark-to-market yield* 4.3% 3.7% 3.9% 3.6% 3.5% 3.8% 4.1% 3.6% 4.2% 4.8% Group investment mix and returns *) Mark-to-market yield excluding Topdanmark until 30 June 2025. 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 43 Group fixed income mix Q3/2026 27% 14% 11%10% 9% 8% 8% 6% Sweden, 27% Denmark, 14% Norway, 11% United States, 10% Others, 9% Finland, 8% France, 8% UK, 6% Netherlands, 4% Germany, 3% 29% 28% 22% 11% 7% AAA, 29% A, 28% BBB, 22% AA, 11% Non-rated, 7% BB, 1% B, 1% CCC-D, 0% 4 November 2026 Rating breakdownGeographical breakdown EURbn 16.3 EURbn 16.3
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Palette Additional Graph Fill Additional Table Positive / Negative Hold Co alternative investments Value, EURm Nexi 99 Top 10 equity funds and ETFs Top 10 direct equity investments 47% 20% 17% 16% Nordics Western Europe North America Emerging markets 44 Group equities mix Q3/2026 Listed equities EURbn 1.9 Nexi is reported with a delay of one quarter in Sampo’s accounts. 4 November 2026 Exposure-% by regions excluding NOBA Value, EURm NOBA 388 Volvo AB 133 Veidekke 81 ABB 80 Telia 63 Autoliv 61 Yara International 45 Sandvik 40 Nederman Holding 39 VBG Group 30 Total Top 10 959 Value, EURm SPDR S&P 500 Trust ETF 175 iShares MSCI Europe ETF 127 Hermes Asia ex-JP Fund 125 Investec GSF Asia Pacific Fund 111 iShares DAX ETF 62 iShares MSCI USA ESG ETF 38 iShares Euro Stoxx 50 ETF 27 iShares MSCI Europe ESG ETF 17 Schroder Global Equity Fund GBP 17 Schroder QEP Global Core Fund GBP 17 Total 714
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Palette Additional Graph Fill Additional Table Positive / Negative 45 Net insurance liabilities Q3/2026 Q2/2026 Q1/2026 Q4/2025 Q3/2025 Q2/2025 Q1/2025 FY 2025 FY 2024 FY 2023 Liability for remaining coverage, net 1,997 2,206 2,529 1,556 1,924 2,167 2,516 1,556 1,620 1,469 Liability for incurred claims, net 9,414 9,133 8,728 8,728 8,603 8,301 8,100 8,728 8,067 7,983 - of which from risk adjustment 430 423 372 339 351 353 315 339 305 239 Acquisition cash flow asset -9 -9 -9 -12 -12 -16 -16 -12 -20 -18 Net insurance liability 11,402 11,330 11,248 10,272 10,514 10,452 10,601 10,272 9,668 9,434 LIC per country and durations 2025 year-end LIC, % Duration, years Sweden 20 6.0 Norway 13 3.1 Finland 21 7.8 Denmark 26 3.9 Baltics 2 2.6 UK 18 1.6 Total 100 4.6 End of Q3/2026 discount rates EUR 8 years: 3.83% DKK 4 years: 3.84% SEK 6 years: 3.61% GBP 2 years: 4.96% NOK 3 years: 5.28% 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 46 Key sensitivities EURm Effect on quarterly Combined ratio *) Discount rate ±100 bps ±70bps Insurance finance income & expense, net Discount rate +100 bps 305 Non-annuities Discount rate +100 bps 105 Annuities Discount rate +100 bps 200 Insurance finance income & expense, net Discount rate -100 bps -350 Non-annuities Discount rate -100 bps -110 Annuities Discount rate -100 bps -240 Net investment income Interest rates +100 bps -430 Net investment income Interest rates -100 bps 455 Net investment income Spreads +100 bps -395 Net investment income Equities -10% -210 *) Effect from current year Liability for incurred claims, net. CR improvement from increase in rate, CR deterioration from decrease in rate • Loss and combined ratio sensitive to changes in discount rates • Net investment income sensitive to mark-to- market returns on assets • IFIE sensitive to changes in discount rates • Sampo Group discount rate sensitivity driven by long-tailed annuity reserves in EUR and SEK (duration ~11 years) • Sensitivities change over time and vary somewhat by quarter The unwind of discounting is expected to be around EUR -90 million in Q4/2026. Quarterly P&L effects, Q3/2026 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 47 Solvency II ratio development 176% 185% 210% 182% 177% 174% 174% 174% 175% 100% 120% 140% 160% 180% 200% 220% 2020 2021 2022 2023 2024 2025 Q1/2026 Q2/2026 Q3/2026 Target range for 2021-2023 (170-190%) Target range for 2024-2026 (150-190%) 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 48 EURm Q3/2026 Q2/2026 Q1/2026 Q4/2025 Q3/2025 Q2/2025 Q1/2025 FY 2025 FY 2024 FY 2023 Market risk 2,106 2,169 2,063 2,316 2,201 2,067 2,033 2,316 1,974 1,920 Insurance risk 1,857 1,801 1,774 1,849 1,847 1,827 1,823 1,849 1,734 2,027 Counterparty risk 192 193 190 201 185 206 211 201 139 200 Operational risk 321 315 311 306 297 296 297 306 284 272 Diversification -817 -815 -791 -855 -832 -814 -810 -855 -714 -816 LAC of DT -392 -379 -340 -361 -354 -413 -406 -361 -403 -404 Related undertakings / other 47 43 38 34 33 31 27 34 25 18 Solvency capital requirement 3,314 3,327 3,245 3,490 3,376 3,200 3,175 3,490 3,040 3,217 Tier-1 unrestricted (incl. distribution accrual) 4,271 4,218 4,080 4,480 4,235 4,009 4,162 4,480 3,839 4,324 Tier-1 restricted 413 434 436 300 300 0 21 300 21 21 Tier-2 1,029 1,064 1,055 1,199 1,188 1,466 1,458 1,199 1,448 1,448 Tier-3 81 68 68 80 86 83 60 80 61 63 Own funds 5,794 5,785 5,639 6,059 5,809 5,558 5,701 6,059 5,368 5,856 Solvency II ratio,% 175 174 174 174 172 174 180 174 177 182 As of 2026, the reported regulatory Solvency II ratio includes distribution accrual of 90 per cent of operating result. Any b uybacks based on excess capital will come on top of this and be deducted from own funds separately when announced. Previously, the accrual was based on latest regular dividend. Solvency II SCR and own funds 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 49 Estimated Solvency II ratio sensitivities on market risk factors Q3/2026 Q2/2026 Q1/2026 Q4/2025 Q3/2025 Q2/2025 Q1/2025 FY 2025 FY 2024 FY 2023 Solvency II ratio 175% 174% 174% 174% 172% 174% 180% 174% 177% 182% Rates -100bps -1%-p -1%-p -2%-p -4%-p -5%-p -5%-p -5%-p -4%-p -5%-p -5%-p Rates +100bps 0%-p 0%-p 0%-p +2%-p +4%-p +4%-p +4%-p +2%-p +3%-p +5%-p Spreads +100bps -9%-p -9%-p -9%-p -8%-p -7%-p -8%-p -8%-p -8%-p -9%-p -6%-p Equity prices -10% +1%-p +1%-p +1%-p +1%-p +1%-p 0%-p 0%-p +1%-p -1%-p +1%-p Equity prices -20% +1%-p +2%-p +1%-p +2%-p +2%-p -2%-p -1%-p +2%-p -4%-p 0%-p Equity prices -30% 0%-p +1%-p -2%-p +0%-p 0%-p -5%-p -4%-p +0%-p -8%-p -3%-p Symmetric adjustment 7.71% 8.94% 4.98% 7.90% 6.92% 6.23% 5.32% 7.90% 2.86% 1.46% Scenario Symmetric adjustment Equity prices -10% 1.55% Equity prices -20% -4.62% Equity prices -30% -10.00% At the end of Q3/2026, the symmetric adjustment is assumed to have the following values in the equity market scenarios: 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 0% 5% 10% 15% 20% 25% 30% 35% 2021 2022 2022 2023 2024 2025 Q1/2026 Q2/2026 Q3/2026 Hybrid Senior Target (<30%) 50 Financial leverage development 23.8% IFRS 17IFRS 4 EURm 2021 2022 (IFRS 4) 2022 (IFRS 17) 2023 2024 2025 Q1/2026 Q2/2026 Q3/2026 Hybrid debt 2,015 1,983 1,983 1,645 1,642 1,615 1,617 1,618 1,618 Senior debt 2,195 1,306 1,306 959 954 787 792 791 795 Total debt 4,210 3,288 3,288 2,604 2,596 2,402 2,409 2,409 2,413 IFRS equity* 13,464 9,543 10,178 7,687 7,059 7,794 7,766 6,904 7,205 25.6% 24.4% 25.3% 26.9% *) Excluding Tier 1 debt 23.6% 23.7% 4 November 2026 25.9% 25.1%
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Palette Additional Graph Fill Additional Table Positive / Negative 51 Outstanding debt instruments Issue date Currency Issued, million Outstanding, million Coupon Maturity date First call date Sampo plc senior bond Feb 2018 EUR 500 313 1.625% 21 Feb 2028 21 Nov 2027 Sampo plc senior bond Aug 2018 NOK 1,000 (EUR 92) 1,000 (EUR 92) 3.100% 7 Sep 2028 - Sampo plc Tier 2 May 2019 EUR 500 500 3.375% 23 May 2049 23 May 2029 Sampo plc senior bond Sep 2018 EUR 500 392 2.250% 27 Sep 2030 27 Jun 2030 Sampo RT 1 Feb 2026 SEK 1,500 (EUR 132) 1,500 (EUR 132) Stibor 3m + 1.80% Perpetual 18 Feb 2031 Sampo Tier 2 Aug 2020 EUR 1,000 684 2.500% 3 Sep 2052 3 Sep 2032 Sampo RT 1 Sep 2025 EUR 300 300 5.250% Perpetual 24 Mar 2035 Moody’s Standard & Poor’s Rating Outlook Rating Outlook Sampo plc – Issuer Credit Rating A2 Stable A Stable If P&C Insurance Ltd – Insurance Financial Strength Rating Aa3 Stable AA- Stable If P&C Insurance Holding Ltd (publ) – Issuer Credit Rating - - A Stable Credit Ratings 405 392 500 132 684 300 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Senior Hybrid Debt maturity profile, EURm 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 52 Hold Co (Sampo plc) balance sheet EURm Q3/2026 Q2/2026 Q1/2026 Q4/2025 Q3/2025 Q2/2025 Q1/2025 FY 2025 FY 2024 FY 2023 Liquidity 963 814 1,059 881 862 593 608 881 626 1,352 Investment assets 2,303 2,352 2,406 2,754 2,584 2,380 2,406 2,754 2,408 979 Tangible assets 3 3 3 4 4 2 3 4 3 2 Fixed income 1,813 1,813 1,813 1,813 1,814 1,814 1,825 1,813 1,826 101 Equity and private equity 487 537 590 938 767 563 578 938 580 876 Equity holdings (subsidiaries) 7,158 7,158 7,431 7,431 7,431 7,431 7,431 7,431 7,431 5,635 Other assets 66 63 77 56 90 57 113 56 44 24 Total assets 10,491 10,388 10,973 11,121 10,967 10,460 10,557 11,121 10,508 7,990 Long-term senior debt 795 791 792 787 788 792 957 787 954 959 Private placements 0 0 0 0 0 0 0 0 0 2 Bonds issued 795 791 792 787 788 792 957 787 954 957 Subordinated debt 1,179 1,179 1,179 1,178 1,178 1,492 1,491 1,178 1,491 1,490 Capital 8,436 8,118 8,894 8,947 8,816 8,083 7,952 8,947 7,989 5,465 Undistributable capital 98 98 98 98 98 98 98 98 98 98 Issued Tier 1 notes 439 439 439 0 0 0 0 0 0 0 Distributable capital 7,899 7,581 8,358 8,849 8,718 7,985 7,853 8,849 7,891 5,367 Other Liabilities 81 300 108 209 185 94 157 209 75 76 Total Liabilities 10,491 10,388 10,973 11,121 10,967 10,460 10,557 11,121 10,508 7,990 Fixed income from Q4/2024 onwards includes the loan agreement of EUR 1,724 million between Sampo plc and If in connection with the sale of Topdanmark shares to If in November 2024. 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative Additional information
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Palette Additional Graph Fill Additional Table Positive / Negative 54 Share count development 2,777 2,734 2,572 2,509 2,691* 2,662 2,656 2,640 2,618 2020 2021 2022 2023 2024 2025 Q1/26 Q2/26 Q3/2026 Total share count, million Average number of shares Shares held by the company have been deducted from the total share count and the average number of shares. 1-12/2020 2,776,759,250 1-12/2021 2,771,584,090 1-12/2022 2,651,481,010 1-12/2023 2,529,695,320 1-12/2024 2,560,572,410 1-3/2025 2,691,238,860 1-6/2025 2,691,238,860 1-9/2025 2,689,912,218 1-12/2025 2,684,637,482 1-3/2026 2,656,746,258 1-6/2026 2,653,649,724 1–9/2026 2,646,226,621 Quarterly EPS figures are calculated by deducting the previous quarters’ result from the YTD result. *) 241 million new shares issued for Topdanmark shareholders in 2024. 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 55 Share buybacks development Launch Start End Announced, EURm Executed, EURm 1. programme 1 Oct 2021 4 Oct 2021 25 Mar 2022 750 750 2. programme 30 Mar 2022 31 Mar 2022 17 May 2022 250 228 3. programme 9 Jun 2022 10 Jun 2022 8 Feb 2023 1,000 1,000 4. programme 29 Mar 2023 3 April 2023 1 Aug 2023 400 400 5. programme 17 Jun 2024 18 Jun 2024 29 Nov 2024 475 475 6. programme 6 Aug 2025 7 Aug 2025 30 Oct 2025 200 200 7. programme 5 Nov 2025 6 Nov 2025 30 Jan 2026 150 150 8. programme 6 May 2026 7 May 2026 24 Sep 2026 350 350 Shares repurchased EURm Total 2021 42,699,780 380 Total 2022 162,212,895 1,443 Total 2023 62,862,815 555 Total 2024 58,738,450 475 Total 2025 29,430,336 290 Q1/2026 6,133,698 60 Q2/2026 15,981,793 144 Q3/2026 21,845,227 206 Total since 2021 399,904,994 3,553 Buybacks by quarterBuyback programmes 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 56 Geographical mix 1–9/2026 Gross written premiums and insurance revenue include broker revenues. Gross written premiums, EURm Insurance revenue, net, EURm Sweden 1,555 1,347 Norway 1,802 1,595 Denmark 1,851 1,634 Finland 1,706 890 UK 2,328 1,621 Baltic & other 191 217 Group total 8,803 7,303 8.8 EURbn 7.3 EURbn GWP by country, % Insurance revenue by country, % Sweden, 18% Norway, 22% Denmark, 22% Finland, 12% UK, 22% Baltic & other, 3% Sweden, 18% Norway, 21% Denmark, 21% Finland, 12% UK, 26% Baltic & other, 2% 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 57 Geographical mix Q3/2026 Gross written premiums and insurance revenue include broker revenues. Gross written premiums, EURm Insurance revenue, net, EURm Sweden 408 453 Norway 439 556 Denmark 415 553 Finland 227 304 UK 828 562 Baltic & other 57 75 Group total 2,373 2,503 2.4 EURbn 2.5 EURbn GWP by country, % Insurance revenue by country, % Sweden, 18% Norway, 22% Denmark, 22% Finland, 12% UK, 23% Baltic & other, 3% Sweden, 17% Norway, 19% Denmark, 18% Finland, 10% UK, 35% Baltic & other, 2% 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 58 Geographical mix by segment 2025 Private Nordic Sweden Norway Denmark Finland UK Total Gross written premiums 1,320 1,126 1,048 668 - 4,183 Insurance revenue, net 1,271 1,043 1,014 666 - 3,995 Private UK Sweden Norway Denmark Finland UK Total Gross written premiums - - - - 2,865 2,865 Insurance revenue, net - - - - 2,000 2,000 Nordic Commercial Sweden Norway Denmark Finland UK Total Gross written premiums 284 697 1,029 381 - 2,391 Insurance revenue, net 276 648 914 363 - 2,201 Baltic and other operations reported GWP of EUR 253 million and insurance revenue of EUR 298 million. Nordic Industrial Sweden Norway Denmark Finland UK Total Gross written premiums 417 228 198 202 - 1,046 Insurance revenue, net 190 157 124 113 - 584 4 November 2026 Gross written premiums and insurance revenue include broker revenues.
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Palette Additional Graph Fill Additional Table Positive / Negative 59 Nordic new car sales Number of cars sold (1,000) Q3/2026 Q2/2026 Q1/2026 Q4/2025 Q3/2025 Q2/2025 Q1/2025 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Sweden 69.9 79.9 62.0 69.0 63.1 77.5 63.4 273.0 269.5 289.7 288.0 301.0 292.0 Norway 41.8 46.2 27.2 66.2 37.8 43.9 31.6 179.6 128.7 127.0 174.3 176.3 141.4 Denmark 50.7 57.3 43.7 50.5 44.5 52.1 37.4 184.6 173.1 172.8 148.3 185.3 198.2 Finland 19.7 20.1 17.2 17.9 16.7 20.6 16.7 71.9 74.1 87.5 81.7 98.5 96.4 Nordic total 182.1 203.5 150.0 203.7 162.1 194.1 149.2 709.0 645.3 676.9 692.3 761.1 728.0 Growth (year-on-year) Q3/2026 Q2/2026 Q1/2026 Q4/2025 Q3/2025 Q2/2025 Q1/2025 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Sweden 10.9% 3.0% -2.3% -9.4% 3.2% 7.0% 6.1% 1.3% -7.0% 0.6% -4.3% 3.1% -18.0% Norway 10.5% 5.3% -14.0% 79.5% 23.8% 12.6% 42.0% 39.5% 1.4% -27.2% -1.1% 24.7% -0.7% Denmark 13.9% 10.0% 16.7% 7.9% 11.5% 5.5% 1.4% 6.7% 0.2% 16.5% -20.0% -6.5% -12.2% Finland 17.9% -2.4% 3.0% -3.4% 2.1% -0.7% -9.5% -3.0% -15.4% 7.1% -17.1% 2.2% -15.6% Nordic total 12.4% 4.8% 0.6% 14.2% 9.6% 6.9% 8.5% 9.9% -4.7% -2.2% -9.0% 4.5% -13.2% 4 November 2026
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Sampo Group overview
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Palette Additional Graph Fill Additional Table Positive / Negative 61 Safety and value through understanding risks 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative Sampo is the leading Northern European P&C insurance group 62 Multiple strong brands Unique partnership network* *Examples of Nordic partnerships 9 million customers in 8 markets Private Nordic Private UK Nordic Commercial Sampo’s scale is unmatched among P&C peers 8.8 4.9 3.6 1.6 5.4 5.7 Insurance revenues, EURbn Note: Peers’ figures based on segments relevant to Sampo. 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative © GeoNames, Microsoft, Open Places, OpenStreetMap Powered by Bing 63 A well-diversified platform with scalable growth potential Leading market position across markets 17% 22% 20% 11% 10% 21% Note: UK = Private car market share Multiple attractive growth areas Digital UK personal lines €11bn GWP in 2025 Structural growth above market Cyclical growth . Manage margins and risk Nordic personal insurance Nordic private property Nordic mid-sized and large corporates Nordic private motor insurance Other operations Nordic SME 4 November 2026
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Palette Additional Graph Fill Additional Table Positive / Negative 64 Sampo aims to deliver attractive and reliable capital returns 0.26 0.28 0.30 0.32 0.34 0.36 2020 2021 2022 2023 2024 2025 4754001,228750Buybacks, EURm 350 Note: Dividends based on the fiscal year, buybacks on the announcement year. Figures excluding extra dividends and Mandatum’s contribution. Regular dividend per share, EUR 4 November 2026 Distribution policy Sampo aims to return capital through a reliable and progressive regular dividend complemented by share buybacks. In a typical year, Sampo expects to return around 90 per cent of its operating result to shareholders through dividends and share buybacks, of which its annual dividend is expected to represent more than two-thirds. To ensure that the Group’s balance sheet remains both strong and efficient, as defined by its capital management framework, Sampo may take additional action to return excess capital or to protect the balance sheet.
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Sampo plc Fabianinkatu 21 00130 Helsinki Finland www.sampo.com Sampo_plc Sampo_plc Sampo plc Web Phone: +358 10 516 0100 Business ID: 0142213-3 January–September 2026 Investor Presentation