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Sampo Plc Investments, 30 June 2020 Investment Allocation (Unconsolidated) Total EUR 1.5 Billion

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Sampo Plc Investments, 30 June 2020 Investment Allocation (Unconsolidated) Total EUR 1.5 Billion Supplementary Financial Information JANUARY – JUNE 2020 5 August 2020 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. 5 August 2020 2 SAMPO GROUP 5 August 2020 3 Sampo Group Key financial figures 5 August 2020 4 Sampo Group results Profit before taxes and net profit Profit before taxes by quarters EURm EURm 981 1,000 800 900 826 800 700 700 600 600 569 500 469 500 400 400 300 708 300 200 506 490 451 475 468 100 200 436 445 407 0 1-6/2019 1-6/2020 100 162 92 Profit before taxes Net profit 0 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 5 August 2020 5 Sampo Group profit before taxes EURm 1,200 981 1,000 800 600 569 440 383 400 226 200 146 137 137 38 39 31 0 -29 -200 If Topdanmark Mandatum Life Associates (Nordea & Holding (excl. Sampo Group NDX Intressenter) associates) 1-6/2019 1-6/2020 5 August 2020 6 Sampo Group gross written premiums 1-6/2020 If Topdanmark Mandatum Life Sampo Group 58 114 56 745 1,193 Non-life Non-life Non-life Non-life Unit-linked Unit-linked Unit-linked Unit-linked With profit With profit With profit With profit 2,671 835 448 3,506 Total Total Total Total 2,671 EURm 1,638 EURm 504 EURm 4,813 EURm 5 August 2020 7 Earnings per share EPS and Comprehensive result EPS Reported EPS by quarter EUR EUR 1.80 1.68 1.20 1.60 1.06 1.37 1.00 1.40 1.20 0.80 0.73 0.69 0.66 1.00 0.66 0.64 0.81 0.60 0.55 0.80 0.60 0.40 0.40 0.26 0.20 0.20 0.02 0.01 0.00 0.00 1-6/2019 1-6/2020 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 EPS (reported) EPS (comp. result) 5 August 2020 8 Sampo Group net asset value per share EUR 28.0 24.86 25.37 23.79 24.0 22.15 22.63 20.60 20.71 20.0 17.79 17.38 16.99 16.0 14.05 12.0 8.0 4.0 0.0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 30 June 2020 5 August 2020 9 Equity per segment, 30 June 2020 (Topdanmark and Nordea at market value) EURm Nordea book value in Group accounts 6,777 20,000 EURm + 18,000 valuation difference -1,828 EURm 16,000 Topdanmark book 14,000 value in Group 12,000 accounts 1,398 EURm -938 + 10,000 valuation difference 146 EURm 8,000 4,949 6,000 1,278 9,435 4,000 1,544 2,000 2,603 0 If Topdanmark Mandatum Life Nordea Sampo plc & NAV, Sampo Group eliminations 5 August 2020 10 5 August 2020 5 August areas business on in equity Sampo Group’s Return -30% -10% 10% 30% 50% 70% 2011 12.4% -11.7% 7.7% 2012 36.9% 28.5% 19.9% 2013 24.4% 18.3% 13.8% 2014 18.1% 11.4% 10.9% 2015 21.5% 12.7% If 14.0% Mandatum Life Mandatum 2016 25.3% 15.9% 15.0% 2017 21.3% 13.3% 17.1% Sampo Group Sampo 2018 11.2% 8.7% 7.5% 2019 34.5% 23.5% 12.0% 1-6/2020 8.3% -13.3% 0.2% Average 21.4% 10.7% 11.8% 11 Fair value reserve development by segment EURm 6/2020 3/2020 12/2019 9/2019 6/2019 If 313.0 -5.9 456.7 403.0 420.9 Mandatum Life 316.2**) 127.6**) 438.2**) 405.5**) 431.0**) Holding 57.8 28.7 113.9 27.4 20.9 Sampo Group*) 703.7**) 167.1**) 1,025.5**) 836.5**) 873.5**) *) Eliminations included and figures after tax **) Excluding the segregated portfolio 5 August 2020 12 Fair value reserve by segment and asset class, 30 June 2020 The share transferred to EURm Fixed income Equity Deferred taxes FVR net the segregated portfolio If -11.2 413.6 -89.3 -313.0 Mandatum Life**) 7.9 404.0 -82.4 -13.3 316.2 Holding 10.7 61.5 -14.4 57.8 Sampo Group*) 7.4 899.9 -190.3 -13.3 703.7 *) Eliminations included and figures after tax **) Mandatum Life figures excluding the segregated portfolio 5 August 2020 13 Sampo Group Investments 5 August 2020 14 Investment allocation Sampo Group 30 June 2020 Total EUR 20.4 billion By sector By company Public sector 4% If 53% Other fixed income 46% Topdanmark (P&C) 15% Mandatum Life 26% Covered bonds 22% Sampo plc 6% Money market 7% Equities 14% Real estate 2% Private equity 2% Other 4% Investments of If, Topdanmark (excluding life insurance), Mandatum Life and Sampo plc 5 August 2020 15 Fixed income investment allocation Sampo Group excluding Topdanmark 30 June 2020 Total EUR 13.7 billion By geography By sector Europe money market 6% Money market 8% Scandinavia money market 2% Banks 29% Europe 25% Covered bonds 20% Scandinavia 61% North America 6% Public sector 5% Other 0% Corporate 38% 5 August 2020 16 Fixed income investments in public sector Sampo Group excluding Topdanmark 30 June 2020 EURm Government Government guaranteed Public sector, other Total Sweden 9 286 295 Norway 302 302 Finland 19 27 23 69 Denmark 9 9 Total 28 36 610 674 5 August 2020 17 Financial sector fixed income investments by country and investment class, Sampo Group excluding Topdanmark 30 June 2020 Long-term senior Long-term subord. Covered bonds Money market debt debt Total % Sweden 1,611 5 609 146 2,371 30% Finland 102 639 457 202 1,400 18% Norway 651 463 295 1,409 18% France 368 166 534 7% Denmark 287 258 243 788 10% Netherlands 213 37 249 3% United States 294 294 4% Canada 34 147 181 2% United Kingdom 2 137 15 154 2% Iceland 60 39 99 1% Germany 65 14 78 1% Others 1 5 246 9 260 3% Total 2,685 1,019 3,115 999 7,817 100% 5 August 2020 18 Equity investment allocation Sampo Group excluding Topdanmark 30 June 2020 Total EUR 2.7 billion By geography By company Scandinavia 40% If 41% Finland 18% Mandatum Life 42% Western Europe 17% Sampo plc 18% North America 9% Emerging markets 13% Latin America 1% 5 August 2020 19 Investment returns excluding Topdanmark, January–June 2020 Return, % EURm ML*) If Group ML*) If Group Fixed income -0.7% -0.2% -0.1% -30 (1) -18 (-1) -29 Equities -4.4% -9.8% -6.5% -60 (38) -124 (44) -206 Other (incl. -8.4% -114.6% -15.6% -59 (0) -25 -149 FX net result) Total -2.6% -1.4% -1.9% -149 -166 -385 Realized sales gains and losses in parenthesis *) Including the segregated portfolio 5 August 2020 20 Market risk sensitivity of Group investments excluding Topdanmark, 30 June 2020 EURm If Mandatum Life*) Sampo plc Sampo Group - 10% -95 -115 -48 -257 Equities + 10% 95 115 48 257 - 100 bps 142 121 37 298 Interest rates + 100 bps -137 -101 -35 -271 - 10% -2 -67 -24 -90 Other + 10% 2 67 24 90 - 5% -1 5 23 Local currency + 5% 1 -5 -23 - *) Including the segregated portfolio The changes of interest rates have a strong effect on the reinvestment risk of the insurance companies. The sensitivities include the effects of derivative positions, but do not capture indirect effects, like the impact of the changes of the discount rates in the value in force. All sensitivities are before taxes. The scenario definitions assume an uniform movement of the whole underlying market. 5 August 2020 21 Sampo Group Capital position 5 August 2020 22 Sampo Group Solvency II, 30 June 2020 EURm 10,000 Solvency ratio 187% 9,000 8,000 262 7,000 6,000 913 232 89 174 1,711 582 5,000 9,406 4,000 3,000 5,023 2,000 4,515 1,000 0 5 August 2020 23 Group, Solvency Ratio, estimated sensitivities on market risk factors 30 June 2020 250% 198% 200% 187% 185% 186% 171% 175% 164% 150% 100% 50% 0% Base case 30/6/2020 RFR: -100 bps RFR: +100 bps Spreads: +100 bps Equity prices -10% Equity prices -20% Equity prices -30% The Solvency II volatility adjustment applied by Mandatum Life and Topdanmark is assumed to increase by 25 bps in the spread stress. The Solvency II symmetric adjustment of the equity capital charge was -6.72% at the end of Q2/2020.
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