Sampo Oyj (Sampo Oyj) Claims Ratio % : 0.00% (As of . 20)

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What is Sampo Oyj Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

Sampo Oyj's Claims Ratio % for the annual that ended in Dec. 2023 was 67.60% , which is higher than 66.80% for the pervious year ended in Dec. 2022.

The historical rank and industry rank for Sampo Oyj's Claims Ratio % or its related term are showing as below:

SAXPY's Claims Ratio % is not ranked ^*
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

Sampo Oyj Claims Ratio % Historical Data

The historical data trend for Sampo Oyj's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sampo Oyj Claims Ratio % Chart

Sampo Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Claims Ratio %

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Expense Ratio %

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Combined Ratio %

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Competitive Comparison of Sampo Oyj's Claims Ratio %

For the Insurance - Diversified subindustry, Sampo Oyj's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sampo Oyj (OTCPK:SAXPY) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %

Total Claims

Total Premiums Earned

100%

Sampo Oyj (OTCPK:SAXPY) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

Sampo Oyj Claims Ratio % Related Terms

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Sampo Oyj (Sampo Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sampo Oyj (OTCPK:SAXPY) » Definitions » Claims Ratio %

Comparable Companies

Traded in Other Exchanges

SAXPF:USA SAMPO SDB:Sweden SAMPOh:UK 0HAG:UK SAMPO:Finland SMP0:Germany

Address

Fabianinkatu 27, Helsinki, FIN, 00100

Website

https://www.sampo.com

Sampo is a leading Nordics-based insurer headquartered in Finland and listed in Helsinki. The company has operations in Denmark, Estonia, Finland, Norway, Lithuania, Latvia, and the United Kingdom. Sampo has four subsidiaries that mainly sell personal lines of insurance to retail customers. If is the largest property and casualty insurer in the Nordics. Headquartered in Sweden, If also sells insurance in Denmark, Norway, and Finland. Topdanmark is a Danish property and casualty insurer also focussing on personal lines insurance as well as agriculture and small and medium-sized enterprises. Hastings is a digital insurer that focuses on car, van, bike, and home insurance in the United Kingdom. Mandatum, a life insurer and wealth and asset manager, is currently being divested.

Sampo Oyj (Sampo Oyj) Headlines

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