2007-11-07 08:30:01 CET

2007-11-07 08:30:01 CET


REGULATED INFORMATION

Sampo - Quarterly report

SAMPO GROUP´S RESULTS FOR JANUARY - SEPTEMBER 2007


SAMPO PLC             STOCK EXCHANGE RELEASE      7 November 2007, at 9.30 am   


SAMPO GROUP´S RESULTS FOR JANUARY - SEPTEMBER 2007                              

Continued Stable Performance                                                    

Sampo Group's profit before taxes in January-September 2007 rose to EUR 3,673   
million (1,019). The profit contains the sales gain of EUR 2,830 million from   
the Sampo Bank transaction closed on 1 February 2007. Earnings per share        
amounted to EUR 5.99 (1.31) and, including the change in the fair value reserve,
to EUR 6.02 per share (1.21). Earnings per share from continuing operations were
EUR 1.05 (0.94). Net asset value per share amounted to EUR 13.74 (9.21).        

- Combined ratio in P&C insurance was 90.9 per cent (89.9) and profit before    
taxes amounted to EUR 430 million (503). Annualised RoE amounted to 19.6 per    
cent (19.2).                                                                    

- Profit before taxes in life insurance amounted to EUR 298 million (244) and   
annualised RoE was 18.8 per cent (19.5).                                        

- Profit before taxes for the segment ‘Holding' amounted to EUR 83 million      
(-11).                                                                          

- Sampo Group's total investment assets at the end of the reporting period      
amounted to EUR 21 billion, of which 76 per cent was invested in fixed income   
instruments. Investment income was EUR 899 million (674).                       


--------------------------------------------------------------------------------
| KEY FIGURES              |   1-9 |    1-9 | Change |    Q3 |     Q3 | Change |
--------------------------------------------------------------------------------
| EURm                     |  2007 |   2006 |      % |  2007 |   2006 |      % |
--------------------------------------------------------------------------------
| Profit before taxes *)   | 3,673 |  1,019 |    260 |   256 |    359 |    -29 |
--------------------------------------------------------------------------------
|   P&C insurance          |   430 |    503 |    -15 |   119 |    317 |    -62 |
--------------------------------------------------------------------------------
|   Life insurance         |   298 |    244 |     22 |   111 |     28 |    296 |
--------------------------------------------------------------------------------
|   Holding                |    83 |    -11 |      - |    22 |     23 |     -4 |
--------------------------------------------------------------------------------
| Profit for the period    | 3,460 |    751 |    361 |   191 |    255 |    -25 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share, EUR  |  5.99 |   1.31 |    357 |  0.33 |   0.60 |    -45 |
--------------------------------------------------------------------------------
| EPS (incl. change in     |  6.02 |   1.21 |    398 |  0.34 |   0.65 |    -48 |
| FVR) EUR                 |       |        |        |       |        |        |
--------------------------------------------------------------------------------
| EPS, continuing          |  1.05 |   0.94 |     12 |  0.33 |   0.45 |    -27 |
| operations EUR           |       |        |        |       |        |        |
--------------------------------------------------------------------------------
| EPS, continuing          |  1.08 |   0.85 |     27 |  0.34 |   0.52 |    -35 |
| operations (incl. change |       |        |        |       |        |        |
| in FVR) EUR              |       |        |        |       |        |        |
--------------------------------------------------------------------------------
| NAV per share, EUR ** )  | 13.74 |   8.28 |     66 |     - |      - |      - |
--------------------------------------------------------------------------------
| Average number of staff  | 6,838 | 11,628 |    -41 |     - |      - |      - |
| (FTE)                    |       |        |        |       |        |        |
--------------------------------------------------------------------------------
| Group solvency ratio, %  | 873.5 |  209.7 |    317 |     - |      - |      - |
--------------------------------------------------------------------------------
| RoE, % ***)              |  52.9 |   20.6 |    157 |     - |      - |      - |
--------------------------------------------------------------------------------

*) The sales gain of EUR 2,830 million and Sampo Bank Group's January 2007      
profit of EUR 29 million (pre-tax) are reported under ‘Discontinued operations'.
**) Less full deferred tax.                                                     
***) 1-9/2007 figure is not annualised.                                         

The figures in this report are unaudited. Income statement items are compared on
a year-on-year basis whereas comparison figures for balance sheet items are from
31 December, 2006 unless otherwise stated.                                      


Third quarter 2007 in brief                                                     

Sampo Group reported for the third quarter a profit before taxes of EUR 256     
million (359). Earnings per share amounted to EUR 0.33 (0.60) and taking the    
change in the fair value reserve into account to EUR 0.34 (0.65).               

Profit before taxes in P&C insurance for the third quarter was EUR 119 million  
(317). The insurance technical result amounted to 161 million (175) and the     
combined ratio was 88.8 per cent (86.3). Net investment income decreased to EUR 
21 million (198) because of poor equity performance.                            

Life operations reported a profit before taxes of EUR 111 million (28) due to   
high realized equity gains. Premiums written were stable at EUR 120 million     
(119).                                                                          

The segment ‘Holding' reported a profit before taxes of EUR 22 million in the   
third quarter (23).                                                             


Business areas                                                                  

P&C insurance                                                                   

If is the leading property and casualty insurance company in the Nordic region  
with operations also encompassing the Baltic countries and Russia. If P&C       
Insurance Holding Ltd, headquartered in Sweden, is the parent company for       
property and casualty insurance within the Sampo Group.                         

--------------------------------------------------------------------------------
| Results               |     1-9 |    1-9 | Change |     Q3 |     Q3 | Change |
--------------------------------------------------------------------------------
| EURm                  |    2007 |   2006 |      % |   2007 |   2006 |      % |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Premium income        |   3,055 |  3,009 |      2 |    767 |    722 |      6 |
--------------------------------------------------------------------------------
| Net income from       |     200 |    251 |    -20 |     21 |    198 |    -89 |
| investments           |         |        |        |        |        |        |
--------------------------------------------------------------------------------
| Other operating       |      19 |     16 |     19 |      6 |      5 |     20 |
| income                |         |        |        |        |        |        |
--------------------------------------------------------------------------------
| Claims incurred       |  -1,907 | -1,881 |      1 |   -635 |   -611 |      4 |
--------------------------------------------------------------------------------
| Change in liabilities |    -227 |   -197 |     15 |    198 |    223 |    -11 |
| for                   |         |        |        |        |        |        |
| insurance contracts   |         |        |        |        |        |        |
--------------------------------------------------------------------------------
| Staff costs           |    -334 |   -310 |      8 |   -112 |   -107 |      5 |
--------------------------------------------------------------------------------
| Other expenses        |    -356 |   -360 |     -1 |   -118 |   -104 |     13 |
--------------------------------------------------------------------------------
| Finance costs         |     -21 |    -26 |    -20 |     -7 |     -9 |    -22 |
--------------------------------------------------------------------------------
| Profit before taxes   |     430 |    503 |    -15 |    119 |    317 |    -62 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Key figures           |         |        |        |        |        |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Combined ratio, %     |    90.9 |   89.9 |      1 |   88.8 |   86.3 |      3 |
--------------------------------------------------------------------------------
| Risk ratio, %         |    67.4 |   66.9 |      1 |   65.9 |   64.7 |      2 |
--------------------------------------------------------------------------------
| Cost ratio, %         |    23.5 |   23.0 |      2 |   23.0 |   21.6 |      6 |
--------------------------------------------------------------------------------
| Expense ratio, %      |    17.1 |   16.7 |      2 |   17.0 |   15.4 |     10 |
--------------------------------------------------------------------------------
| Return on equity, %   |    19.6 |   19.2 |      2 |      - |      - |      - |
--------------------------------------------------------------------------------
| Average number of     |   6,407 |  6,453 |     -1 |      - |      - |      - |
| staff (FTE)           |         |        |        |        |        |        |
--------------------------------------------------------------------------------

Profit before taxes in P&C insurance for the first three quarters of 2007       
amounted to EUR 430 million (503). Technical result was EUR 405 million (414).  
Insurance margin - technical result in relation to net premiums earned -        
remained on a good level and was 14.3 per cent (14.7). The combined ratio       
increased 1 per cent to 90.9 per cent (89.9). The annualised RoE exceeded the   
target of 17.5 per cent and was 19.6 per cent (19.2).                           

Business area Private accounted for 54 per cent, Commercial for 32 per cent,    
Industrial for 10 per cent and Baltics and Russia for 3 per cent of the         
technical result. EUR 65 million was released from technical reserves relating  
to prior year claims (64).                                                      

In business areas Private and Commercial the combined ratios stayed at a good   
level and were 90.3 per cent (89.5) in Private and 90.5 per cent (89.9) in      
Commercial. Business area Industrial incurred more large claims than a year     
earlier and the combined ratio rose to 95.3 per cent (93.5). Technical result in
business area Baltics and Russia more than doubled from the earlier year's first
nine months, and the combined ratio improved to 90.5 per cent (95.3). The       
comparison figure was exceptionally high due to a couple of large claims. The   
Russian operation was included in business area Baltics in the beginning of 2007
and had only a small impact on business area's figures in the first nine months.
                                                                                

In Finland and Sweden the combined ratios improved significantly to 86.3 per    
cent (93.7) in Finland and 86.4 per cent (91.4) in Sweden. Both risk ratio and  
cost ratio improved in Finland. In Sweden the improvement is based on           
significantly lower risk ratio than a year earlier. In Norway the combined ratio
rose to 90.6 per cent (87.2). In Denmark profitability suffered again from      
adverse large claims development and the combined ratio increased to 125.7 per  
cent (88.6).                                                                    

Total costs amounted to EUR 711 million (696) and the cost ratio increased to   
23.5 per cent (23.0). During the comparison period costs were exceptionally low 
due to postponing of a number of projects, campaigns and manning decisions until
the last quarter of 2006. Cost ratio for full-year 2007 is expected to fall     
slightly below last year's level.                                               

Gross premiums written increased by 1 per cent and amounted to EUR 3,279 million
(3,228). Strong growth in Baltics and Russia continued as premiums grew by over 
22 per cent.                                                                    

On 30 September 2007 the total investment assets of If amounted to EUR 10.6     
billion (10.4), of which 88.6 per cent was invested in fixed income instruments 
(89), 10.7 per cent in equity (10) and 0.7 per cent in other assets (1). Net    
investment income for the first nine months of 2007 decreased to EUR 200 million
(251), mainly due to a weaker equity result. The return on investments was 2.4  
per cent (2.8). At the end of September the duration for interest-bearing assets
was 2.0 years (2.7).                                                            

If's capital position continued to be strong in the third quarter. Its solvency 
capital amounted to EUR 2,935 million on 30 September 2007 (2,841). The solvency
ratio - solvency capital in relation to net premiums written - was 77 per cent  
(74). If's reserve ratios increased further and were 170 per cent (159) of net  
premiums written and 265 per cent of claims paid (254).                         

If P&C Insurance Company signed a co-operation agreement with SOK, the central  
organisation of the S Group on 3 October 2007. The S Group is Finland's leading 
company in the food trade and in the hotel and restaurant business. Under the   
agreement, If's customers will be eligible, as of June 2008, for the S Group's  
customer bonus for P&C insurance policies offered to households by If. The      
agreement is long-term and significant in scope.                                


Life insurance                                                                  

Sampo Life Group consists of Sampo Life, a wholly-owned subsidiary of Sampo plc 
operating in Finland, and of its subsidiary Sampo Life Insurance Baltic SE. The 
latter has the form of a European company headquartered in Estonia. It operates 
in the other Baltic countries through branches. Sampo Life also has a subsidiary
in Sweden to complement the product offering of If P&C.                         

--------------------------------------------------------------------------------
| Results               |     1-9 |    1-9 | Change |     Q3 |     Q3 | Change |
--------------------------------------------------------------------------------
| EURm                  |    2007 |   2006 |      % |   2007 |   2006 |      % |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Premiums              |     430 |    422 |      2 |    120 |    119 |      1 |
--------------------------------------------------------------------------------
| Net income from       |     567 |    413 |     37 |    160 |    111 |     44 |
| investments           |         |        |        |        |        |        |
--------------------------------------------------------------------------------
| Claims incurred       |    -498 |   -397 |     25 |   -145 |   -131 |     11 |
--------------------------------------------------------------------------------
| Change in liabilities |    -141 |   -144 |     -2 |     -4 |    -55 |    -93 |
| for                   |         |        |        |        |        |        |
| inv. and ins.         |         |        |        |        |        |        |
| contracts             |         |        |        |        |        |        |
--------------------------------------------------------------------------------
| Staff costs           |     -15 |    -15 |      0 |     -5 |     -5 |      0 |
--------------------------------------------------------------------------------
| Other operating       |     -37 |    -29 |     28 |    -12 |    -10 |     20 |
| expenses              |         |        |        |        |        |        |
--------------------------------------------------------------------------------
| Finance costs         |      -8 |     -7 |     14 |     -3 |     -2 |     50 |
--------------------------------------------------------------------------------
| Profit before taxes   |     298 |    244 |     22 |    111 |     28 |    296 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Key figures           |         |        |        |        |        |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Expense ratio, %      |   106.5 |  102.6 |      4 |      - |      - |      - |
--------------------------------------------------------------------------------
| Return on equity, %   |    18.8 |   19.5 |     -4 |      - |      - |      - |
--------------------------------------------------------------------------------
| Average number of     |     374 |    361 |      4 |      - |      - |      - |
| staff (FTE)           |         |        |        |        |        |        |
--------------------------------------------------------------------------------


Profit before taxes in life insurance for the first nine months of 2007 amounted
to EUR 298 million (244). Net investment income, excluding income on unit-linked
contracts, was EUR 469 million (364). Net income from unit-linked investments   
was EUR 98 million (49). The fair value reserve decreased from the beginning of 
the year by EUR 95 million (after tax).                                         

Life insurance operations exceeded its RoE target of 17.5 per cent with the     
annualised RoE reaching 18.8 per cent (19.5).                                   

Sampo Life Group's investment assets, excluding the assets of EUR 2.0 billion   
(1.8) covering unit-linked liabilities, amounted to EUR 5.8 billion (5.9) at    
market values on 30 September 2007. Fixed income represented 72 per cent (66),  
equity 25 per cent (31) and real estate 2 per cent (2) of the total assets.     
Equity investments include direct equity holdings, equity funds and private     
equity. The return on investments for the first nine months of 2007 was 5.9 per 
cent (4.8). The duration of fixed income assets at the end of the reporting     
period was 2.0 years (2.5).                                                     

Sampo Life Group's solvency capital remained strong and amounted to EUR 1,118   
million (1,032) on 30 September 2007. Solvency ratio was 21.7 per cent (20.1).  
Total technical reserves were EUR 6.7 billion (6.4), of which unit-linked       
reserves accounted for 30.6 per cent (27.2).                                    

Premium income on own account for the first nine months was EUR 430 million     
(422). Premiums in the focus area, unit-linked insurance, amounted to EUR 288   
million (281) and the share of unit-linked premiums was 66.3 per cent of the    
total premiums (66.0). Development in corporate pension policies was            
particularly good.                                                              

The premium income from the Baltic operations increased by 86 per cent to EUR 43
million (23). Sampo Life's Swedish subsidiary If Liv had premium income of EUR 4
million. If Liv focuses on risk policies in cooperation with If P&C.            

In Finland Sampo Life's overall market share measured by premium income was 19.3
per cent (19.3) and its market share in unit-linked premiums was 22.0 per cent  
(23.7).                                                                         

Holding                                                                         

Sampo plc manages investment assets of approximately EUR 5 billion and, in      
addition, owns and controls its subsidiaries engaged in P&C and life insurance. 

--------------------------------------------------------------------------------
| Results                |   1-9 |    1-9 |  Change |    Q3 |     Q3 |  Change |
--------------------------------------------------------------------------------
| EURm                   |  2007 |   2006 |       % |  2007 |   2006 |       % |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net investment income  |   135 |     24 |     463 |    35 |      7 |     400 |
--------------------------------------------------------------------------------
| Other operating income |     5 |     79 |     -94 |     1 |     49 |     -98 |
--------------------------------------------------------------------------------
| Staff costs            |   -12 |    -29 |     -59 |    -3 |     -9 |     -67 |
--------------------------------------------------------------------------------
| Other operating        |   -16 |    -44 |     -64 |    -3 |    -13 |     -77 |
| expenses               |       |        |         |       |        |         |
--------------------------------------------------------------------------------
| Finance costs          |   -29 |    -41 |     -29 |    -8 |    -11 |     -27 |
--------------------------------------------------------------------------------
| Profit before taxes    |    83 |    -11 |       - |    22 |     23 |      -4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Average number of      |    57 |    434 |     -87 |     - |      - |       - |
| staff (FTE)            |       |        |         |       |        |         |
--------------------------------------------------------------------------------

The segment's profit before taxes amounted to EUR 83 million (-11). The fair    
value reserve increased from the beginning of the year by EUR 113 million (after
tax).                                                                           

The assets on Sampo plc's balance sheet on 30 September 2007 comprise investment
assets of EUR 4.8 billion, of which fixed income instruments covered EUR 2.5    
billion and equities EUR 2.3 billion. Sampo plc's largest equity holding is     
Nordea, the market value of which was EUR 2.3 billion on 30 September 2007.     
Sampo plc held 185,043,000 Nordea shares and, in addition, Sampo Life held      
11,270,000 Nordea shares. Sampo Group's average acquisition price of Nordea     
share was EUR 11.07 per share. Sampo plc's assets also include holdings in      
insurance subsidiaries for EUR 2.4 billion (3.2).                               

Balance sheet liabilities include a subordinated note with face value of EUR 600
million which can be paid back in April 2009 at the earliest.                   


Developments in the third quarter of 2007                                       

Shares and share capital                                                        

Based on the authorisation granted by the Annual General Meeting of 12 April    
2007, Sampo plc's Board of Directors decided on 22 August 2007 to repurchase    
Sampo's A shares with distributable capital and reserves. Maximum amount to be  
repurchased is 28,000,000 A shares, corresponding to approximately 4.8 per cent 
of the total number of shares. Repurchases shall decrease the distributable     
capital and reserves. The shares shall be acquired through public trading on the
OMX Nordic Stock Exchange at market price prevailing at the time of repurchase. 

During the third quarter of 2007 Sampo plc acquired 162,000 Sampo A shares      
corresponding to 0.03 per cent of all shares and related voting rights. EUR 3.1 
million was used to purchase the shares at an average price of EUR 19.37.       
On 30 September 2007 Sampo plc's share capital amounted to EUR 98 million (95), 
and the number of A shares was 577,330,890. The total number of shares of the   
company, including 1,200,000 B shares, was 578,530,890.                         

On 25 July 2007 Sampo received a disclosure under chapter 2, section 9 of the   
Securities Markets Act, regarding Exista hf.'s and its subsidiaries' holding in 
Sampo shares and voting rights. According to the disclosure Exista held 15.58   
per cent of Sampo's shares and 15.45 per cent of the voting rights and had      
entered into agreements, which enabled the company to acquire an additional 4.35
per cent of shares and 4.32 per cent of the voting rights.                      

On 9 August 2007 Exista hf. notified Sampo that its holding in Sampo plc had, as
a result of agreements concluded on that day, reached 19.98 percent of the total
number of shares and 19.82 percent of the voting rights in the Sampo plc. Exista
hf. also notified Sampo in accordance with Chapter 2 Section 9 of the Securities
Market Act that it had entered into an agreement regarding 100,000 A shares in  
Sampo plc. The agreement, if consummated through delivery of the shares, would  
result in Exista holding shares in Sampo plc in excess of 20 percent of the     
total number of shares.                                                         

Morgan Stanley & Co International Limited notified Sampo that its holding in    
Sampo plc had, as a result of share transaction concluded on 24 July 2007, risen
to 5.33 per cent of the total amount of Sampo's shares and 5.29 per cent of the 
voting rights. According to the disclosure the holding had, as a result of share
transaction concluded on 25 July 2007, decreased to 1.55 per cent of the total  
amount of Sampo's shares and 1.54 per cent of the voting rights.                

Complete disclosures are available at www.sampo.com.                            


Staff                                                                           

Sampo Group's full-time equivalent staff on 30 September 2007 amounted to 6,849 
employees compared to 11,763 employees on 31 December 2006. The number of staff 
in the comparison period includes the staff of Sampo Bank Group, which was      
divested from Sampo Group on 1 February 2007.                                   

At the end of September approximately 94 per cent of the staff worked in P&C    
insurance, nearly 6 per cent in life insurance and 1 per cent in the holding    
company. Geographical division of the staff was the following: 30 per cent      
worked in Finland, 27 per cent in Sweden, 24 per cent in Norway and 19 per cent 
in the Baltic and other countries. The average number of employees during the   
first three quarters of 2007 was 6,838 compared to 11,628 employees during the  
same period of time in 2006 including Sampo Bank Group.                         


Management long-term incentive schemes                                          

The payout on Sampo Group's long-term management incentive schemes is dependent 
on Sampo's financial and share price performance. The incentive schemes 2004I - 
2006II extend to 2010. The incentive schemes increased staff costs in the third 
quarter of 2007 by EUR 0.02 million (6) and on 30 September 2007 the total      
provision for the schemes was EUR 24 million (53). The comparison figure        
contains EUR 18 million of provisions in the banking and investment services    
companies.                                                                      

The ‘Sampo 2006' share-based incentive increased staff costs by EUR 1 million in
the third quarter of 2007.                                                      


Ratings                                                                         

All the main ratings for Sampo Group companies remained unchanged in the third  
quarter of 2007.                                                                

--------------------------------------------------------------------------------
| Rated company         |         Moody's          |    Standard and Poor's    |
--------------------------------------------------------------------------------
|                       | Rating      | Outlook    |  Rating     | Outlook     |
--------------------------------------------------------------------------------
| Sampo plc             | Baa1        | Positive   | Not rated   | -           |
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| If P&C Insurance      | A2          | Positive   | A           | Stable      |
| (Sweden)              |             |            |             |             |
--------------------------------------------------------------------------------
| If P&C Insurance Co.  | A2          | Positive   | A           | Stable      |
| (Finland)             |             |            |             |             |
--------------------------------------------------------------------------------


Group solvency                                                                  

As a result of the disposal of Sampo Bank plc and other banking and investment  
service companies, the Group solvency for 2007 is based on adjusted solvency    
calculations for insurance groups according to the Decree of the Ministry of    
Social Affairs and Health (1106/2000), Chapter 7.1 §. The adjusted solvency is  
determined on the basis of the Group financial statements as permitted by the   
Insurance Supervisory Authority. In the comparative period, the Group solvency  
is calculated according to the consolidation method defined in Chapter 3 of the 
Act on the Supervision of Financial and Insurance Conglomerates, entered into   
force on 1 January 2005.                                                        

The Group's solvency ratio (own funds in relation to minimum requirements for   
own funds) on 30 September 2007 was 873.5 per cent (202.7).                     

--------------------------------------------------------------------------------
| SAMPO GROUP SOLVENCY              |          30.9.2007 |          31.12.2006 |
--------------------------------------------------------------------------------
| EURm                              |                    |                     |
--------------------------------------------------------------------------------
| Group capital                     |              7,932 |               5,190 |
--------------------------------------------------------------------------------
| Sectoral items                    |                918 |               3,134 |
--------------------------------------------------------------------------------
| Intangibles and sectoral          |             -1,061 |              -3,503 |
| deductibles                       |                    |                     |
--------------------------------------------------------------------------------
| Group's own funds, total          |              7,790 |               4,821 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Minimum requirements for own      |                892 |               2,378 |
| funds, total                      |                    |                     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Group solvency                    |              6,898 |               2,443 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Group solvency ratio              |                    |                     |
--------------------------------------------------------------------------------
| (Own funds % of minimum           |              873.5 |               202.7 |
| requirements)                     |                    |                     |
--------------------------------------------------------------------------------

In Sampo Group, and in its insurance subsidiaries, risks are measured and       
aggregated internally using an economic capital framework, which quantifies the 
amount of capital required to protect the economic solvency over a one year time
horizon at a confidence level equalling the historic bond defaults of AA-rated  
issuers. The economic capital tied up in the Group's operations on 30 September 
2007 was EUR 3,316 million compared to pro forma EUR 2,695 million at 31        
December 2006 excluding Sampo Bank Group.                                       


Outlook for the rest of 2007                                                    

Sampo Group's result for 2007 is expected to remain good as operating           
profitability of the Group's insurance operations remains strong.               

The favourable insurance technical development in P&C insurance is expected to  
continue in the last quarter of 2007. Although the fourth quarter is usually    
seasonally weaker than the second and third quarters, If P&C is expected to     
reach a combined ratio of 90-92 per cent for the full year 2007. If is also     
foreseen to achieve its RoE target of 17.5 per cent with prevailing investment  
market conditions. If reports its investments at market value through the income
statement, whereby changes in share prices or interest rates are directly       
reflected in its result.                                                        

Sampo Life Group has reported exceptionally strong results for the first three  
quarters of 2007. The full-year 2007 result is expected to be good with an      
expected pre-tax profit of 20-30 million euros for the last quarter of 2007. The
reported profit does not reflect the changes in the market values of investment 
assets. The RoE target of 17.5 per cent is foreseen to be achieved unless equity
market performance significantly weakens. The focus of operations continues to  
be on unit-linked insurance and risk policies in Finland and the Baltics.       

Sampo plc continued to purchase Nordea shares in the third quarter of 2007. This
reduced the amount of fixed income investments in Sampo plc's balance sheet and 
therefore has a slightly negative effect on reported profits as the segment does
not report changes in market values of assets through the profit and loss       
account. A more detailed plan on the use of Sampo plc's excess capital will be  
presented in connection with full-year 2007 result release.                     

The biggest risk for the outlook is a severe weakening of equity markets.       
However, in life insurance and Sampo plc, equity losses would in all likelihood 
be absorbed by the fair value reserve and would not affect reported profits. If,
again, has a fairly limited equity exposure. A sudden rise in interest rates    
would in the short term cause losses by lowering the value of bond portfolios,  
but in the longer run it would enhance fixed income yields.                     


SAMPO PLC                                                                       
Board of Directors                                                              


For more information, please contact:                                           

Peter Johansson, Group CFO, tel. +358 10 516 0010                               
Jarmo Salonen, Head of Investor Relations and Group Communications, tel. +358 10
516 0030                                                                        
Maria Silander, Press Officer, +358 10 516 0031                                 
Essi Nikitin, IR Officer, +358 10 516 0066                                      

Sampo will arrange an English-language telephone conference for investors and   
analysts on the third quarter results at 4 pm. (2 pm UK-time). Please call +44  
20 7162 0125 (UK/Europe) or +1 334 323 6203 (North America). Password: SAMPO.   

The telephone conference can also be followed from a direct transmission on the 
Internet at www.sampo.com/ir. A recorded version will later be available at the 
same address.                                                                   

In addition, a webcast of Group CEO and President Björn Wahlroos review of third
quarter developments is available at www.sampo.com/ir.                          

Sampo will publish the full-year 2007 result release on 12 February 2008.       

DISTRIBUTION:                                                                   
The Helsinki Stock Exchange                                                     
The principal media                                                             
www.sampo.com                                                                   
Financial Supervisory Authority                                                 
Insurance Supervisory Authority                                                 


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| GROUP FINANCIAL REVIEW                  |          |           |             |
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| FINANCIAL HIGHLIGHTS                    |          | 1-9/2007  | 1-9/2006    |
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| GROUP ¹)                                |          |           |             |
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| Profit before taxes                     | EURm     |     3,673 |        1019 |
--------------------------------------------------------------------------------
| Return on equity (at fair value)        | %        |      52.9 |        20.6 |
--------------------------------------------------------------------------------
| Return on assets (at fair value)        | %        |      11.2 |         3.5 |
--------------------------------------------------------------------------------
| Equity/assets ratio                     | %        |      30.0 |        10.0 |
--------------------------------------------------------------------------------
| Group solvency ²)                       | EURm     |     6,898 |       2,533 |
--------------------------------------------------------------------------------
| Group solvency ratio                    | %        |     873.5 |       209.7 |
--------------------------------------------------------------------------------
| Average number of staff 4)              |          |     6,838 |      11,628 |
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| PROPERTY & CASUALTY INSURANCE           |          |           |             |
--------------------------------------------------------------------------------
| Premiums written before reinsurers'     | EURm     |     3,279 |       3,228 |
| share                                   |          |           |             |
--------------------------------------------------------------------------------
| Premiums earned                         | EURm     |     2,828 |       2,813 |
--------------------------------------------------------------------------------
| Profit before taxes                     | EURm     |     430.0 |       503.0 |
--------------------------------------------------------------------------------
| Return on equity (at current value)     | %        |      19.6 |        19.2 |
--------------------------------------------------------------------------------
| Risk ratio ³)                           | %        |      67.4 |        66.9 |
--------------------------------------------------------------------------------
| Cost ratio ³)                           | %        |      23.5 |        23.0 |
--------------------------------------------------------------------------------
| Loss ratio ³)                           | %        |      75.3 |        74.7 |
--------------------------------------------------------------------------------
| Loss ratio before unwinding of discount | %        |      73.8 |        73.2 |
| ³)                                      |          |           |             |
--------------------------------------------------------------------------------
| Expense ratio ³)                        | %        |      17.1 |        16.7 |
--------------------------------------------------------------------------------
| Combined ratio                          | %        |      92.4 |        91.3 |
--------------------------------------------------------------------------------
| Combined ratio before unwinding of      | %        |      90.9 |        89.9 |
| discount                                |          |           |             |
--------------------------------------------------------------------------------
| Average number of staff                 |          |     6,407 |       6,453 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| LIFE INSURANCE                          |          |           |             |
--------------------------------------------------------------------------------
| Premiums written before reinsurers'     | EURm     |       436 |         428 |
| share                                   |          |           |             |
--------------------------------------------------------------------------------
| Profit before taxes                     | EURm     |       298 |         244 |
--------------------------------------------------------------------------------
| Return on equity (at current value)     | %        |      18.8 |        19.5 |
--------------------------------------------------------------------------------
| Expense ratio                           | %        |     106.5 |       102.6 |
--------------------------------------------------------------------------------
| Average number of staff                 |          |       374 |         361 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| HOLDING                                 |          |           |             |
--------------------------------------------------------------------------------
| Profit before taxes 1)                  | EURm     |        83 |         -11 |
--------------------------------------------------------------------------------
| Average number of staff 4)              |          |        57 |         434 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| PER SHARE KEY FIGURES                   |          |           |             |
--------------------------------------------------------------------------------
| Earnings per share                      | EUR      |      5.99 |        1.31 |
--------------------------------------------------------------------------------
| Earnings per share, continuing          | EUR      |      1.05 |        0.94 |
| operations                              |          |           |             |
--------------------------------------------------------------------------------
| Earnings per share, incl. change in     |          |           |             |
| fair value                              |          |           |             |
--------------------------------------------------------------------------------
| reserve                                 | EUR      |      6.02 |        1.21 |
--------------------------------------------------------------------------------
| Earnings per share, incl. change in     |          |           |             |
| fair value                              |          |           |             |
--------------------------------------------------------------------------------
| reserve, continuing operations          | EUR      |      1.08 |        0.85 |
--------------------------------------------------------------------------------
| Diluted earnings per share              | EUR      |         - |        1.28 |
--------------------------------------------------------------------------------
| Diluted earnings per share, continuing  | EUR      |         - |        0.92 |
| operations                              |          |           |             |
--------------------------------------------------------------------------------
| Capital and reserves per share          | EUR      |     13.72 |        8.26 |
--------------------------------------------------------------------------------
| Net asset value per share               | EUR      |     13.74 |        8.28 |
--------------------------------------------------------------------------------
| Adjusted share price, high              | EUR      |     24.38 |       17.99 |
--------------------------------------------------------------------------------
| Adjusted share price, low               | EUR      |     19.33 |       13.58 |
--------------------------------------------------------------------------------
| Market capitalisation                   | EURm     |    12,383 |       9,221 |
--------------------------------------------------------------------------------

¹) Sampo plc's sales gain (EURm 2,830) arising from the disposal of the share   
stock of Sampo Bank plc to Danske Bank A/S is included in the Group key figures.
Due to the one-off nature of the sales gain, the key figures return on equity   
and return on assets have not been annualised.                                  

²) As a result of the disposal of Sampo Bank plc and other banking and          
investment service companies, the Group solvency for 2007 is based on adjusted  
solvency calculations for insurance groups according to the Decree of the       
Ministry of Social Affairs and Health(1106/2000), Chapter 7.1 §. The adjusted   
solvency is determined on the basis of the Group financial statements as        
permitted by the Insurance Supervisory Authority. In the comparative period, the
Group solvency is calculated according to the consolidation method defined in   
Chapter 3 of the Act on the Supervision of Financial and Insurance              
Conglomerates, entered into force on 1 Jan. 2005.                               

³) The key figures for P&C Insurance are based on activity based costs and      
cannot, therefore, be calculated directly from the consolidated income          
statement. The result analysis of P&C insurance is presented in note 13.        

4) The comparative Group number includes the number for banking and investment  
services (4,380). The comparative parent number includes staff for Primasoft Oy 
(347), fully consolidated in the financial statements for the year 2006.        

In calculating the per share key figures, the number of shares used at the      
balance sheet date was 578,368,890 and the average number of shares during the  
period 577,876,763. The 162,000 treasury shares acquired by Sampo plc in the    
reporting period have been deducted from both numbers of shares. In the average 
number of shares, the 4,827,500 treasury shares cancelled at 13 Feb. 2007 have  
also been taken into account.                                                   

In calculating the key figures, the tax corresponding to the result for the     
accounting period has been taken into account. The valuation differences of     
investment property and held-to-maturity debt securities have been taken into   
account in return on assets, return on equity, equity/assets ratio and net asset
value per share. Additionally, the change in fair value reserve has been taken  
into account in return on assets and return on equity. A deferred tax liability 
has been deducted from the valuation differences.                               

The key figures for the insurance business have been calculated according to the
decree of the Ministry of Finance and the specifying instruction 11/002/2006 of 
the Insurance Supervisory Authority.                                            

--------------------------------------------------------------------------------
| CALCULATION OF KEY FIGURES                             |                     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Return on equity (fair values), %                      |                     |
--------------------------------------------------------------------------------
| + profit before taxes                                  |                     |
--------------------------------------------------------------------------------
| ± change in fair value reserve                         |                     |
--------------------------------------------------------------------------------
| ± change in valuation differences on investments       |                     |
--------------------------------------------------------------------------------
| - tax (incl. change in deferred tax relating to        | x 100 %             |
| valuation differences on investments)                  |                     |
--------------------------------------------------------------------------------
| + total equity                                         |                     |
--------------------------------------------------------------------------------
| ± valuation differences on investments after deduction |                     |
| of deferred tax                                        |                     |
--------------------------------------------------------------------------------
| (average of values 1 Jan. and the end of reporting     |                     |
| period)                                                |                     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Return on assets (at fair values), %                   |                     |
--------------------------------------------------------------------------------
| + operating profit                                     |                     |
--------------------------------------------------------------------------------
| + interest and other financial charges                 |                     |
--------------------------------------------------------------------------------
| + calculated interest on technical provisions          |                     |
--------------------------------------------------------------------------------
| ± change in fair value reserve                         |                     |
--------------------------------------------------------------------------------
| ± change in valuation differences on investments       | x 100 %             |
--------------------------------------------------------------------------------
| + balance sheet total                                  |                     |
--------------------------------------------------------------------------------
| -  technical provisions relating to unit-linked        |                     |
| insurance                                              |                     |
--------------------------------------------------------------------------------
| ± valuation differences on investments                 |                     |
--------------------------------------------------------------------------------
| (average of values on 1 Jan. and the end of the        |                     |
| reporting period)                                      |                     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity/assets ratio (at fair values), %                |                     |
--------------------------------------------------------------------------------
| + total equity                                         |                     |
--------------------------------------------------------------------------------
| ± valuation differences on investments after deduction | x 100 %             |
| of deferred tax                                        |                     |
--------------------------------------------------------------------------------
| + balance sheet total                                  |                     |
--------------------------------------------------------------------------------
| ± valuation differences on investments                 |                     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Risk ratio for P&C Insurance, %                        |                     |
--------------------------------------------------------------------------------
| + claims incurred                                      |                     |
--------------------------------------------------------------------------------
| - claims settlement expenses                           | x 100 %             |
--------------------------------------------------------------------------------
| insurance premiums earned                              |                     |
--------------------------------------------------------------------------------
|                                                        |                     |
--------------------------------------------------------------------------------
| Cost ratio for P&C Insurance, %                        |                     |
--------------------------------------------------------------------------------
| + operating expenses                                   |                     |
--------------------------------------------------------------------------------
| + claims settlement expenses                           |                     |
--------------------------------------------------------------------------------
| insurance premiums earned                              |                     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Loss ratio for P&C Insurance, %                        |                     |
--------------------------------------------------------------------------------
| claims incurred                                        | x 100 %             |
--------------------------------------------------------------------------------
| insurance premiums earned                              |                     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Expense ratio for P&C Insurance, %                     |                     |
--------------------------------------------------------------------------------
| operating expenses                                     | x 100 %             |
--------------------------------------------------------------------------------
| insurance premiums earned                              |                     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Combined ratio for P&C Insurance, %                    |                     |
--------------------------------------------------------------------------------
| Loss ratio + expense ratio                             |                     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Expense ratio for life insurance, %                    |                     |
--------------------------------------------------------------------------------
| + operating expenses before change in deferred         |                     |
| acquisition costs                                      |                     |
--------------------------------------------------------------------------------
| + claims settlement expenses                           | x 100 %             |
--------------------------------------------------------------------------------
| expense charges                                        |                     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Per share key figures                                  |                     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share                                     |                     |
--------------------------------------------------------------------------------
| Profit for the financial period attributable to the    |                     |
| parent                                                 |                     |
--------------------------------------------------------------------------------
| company's equity holders                               |                     |
--------------------------------------------------------------------------------
| adjusted average number of shares                      |                     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity per share                                       |                     |
--------------------------------------------------------------------------------
| Profit for the financial period attributable to the    |                     |
| parent                                                 |                     |
--------------------------------------------------------------------------------
| company's equity holders                               |                     |
--------------------------------------------------------------------------------
| adjusted number of shares at the balance sheet date    |                     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net asset value per share                              |                     |
--------------------------------------------------------------------------------
| + equity attributable to the parent company's equity   |                     |
| holders                                                |                     |
--------------------------------------------------------------------------------
| ± valuation differences after the deduction of         |                     |
| deferred taxes                                         |                     |
--------------------------------------------------------------------------------
| adjusted number of shares at balance sheet date        |                     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Market capitalisation                                  |                     |
--------------------------------------------------------------------------------
| number of shares at the balance sheet date             |                     |
--------------------------------------------------------------------------------
| x closing share price at the balance sheet date        |                     |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| GROUP QUARTERLY INCOME       |        |         |         |         |        |
| STATEMENT                    |        |         |         |         |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EURm                         | 7-9    | 4-6     | 1-3     | 10-12   | 7-9    |
|                              | /2007  | /2007   | /2007   | /2006   | /2006  |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Continuing operations        |        |         |         |         |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Insurance premiums written   |    887 |   1,046 |   1,552 |   1,001 |    841 |
--------------------------------------------------------------------------------
| Net income from investments  |    217 |     360 |     322 |     335 |    298 |
--------------------------------------------------------------------------------
| Other operating income       |      6 |       6 |       5 |      10 |     41 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Claims incurred              |   -781 |    -769 |    -855 |    -752 |   -742 |
--------------------------------------------------------------------------------
| Change in liabilities for    |    193 |     -84 |    -477 |     -12 |    168 |
| insurance and investment     |        |         |         |         |        |
| contracts                    |        |         |         |         |        |
--------------------------------------------------------------------------------
| Staff costs                  |   -120 |    -116 |    -126 |    -133 |   -120 |
--------------------------------------------------------------------------------
| Other operating expenses     |   -132 |    -139 |    -132 |    -175 |   -107 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Finance costs                |    -16 |     -16 |     -19 |     -17 |    -21 |
--------------------------------------------------------------------------------
| Share of associates'         |      1 |       1 |       1 |       0 |      0 |
| profit/loss                  |        |         |         |         |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit from continuing       |    256 |     289 |     270 |     258 |    359 |
| operations before taxes      |        |         |         |         |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Taxes                        |    -65 |     -75 |     -68 |     -75 |   -104 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit from continuing       |    191 |     214 |     202 |     183 |    255 |
| operations                   |        |         |         |         |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Discontinued operations      |        |         |         |         |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit from discontinued     |      0 |       0 |   2,853 |      57 |     82 |
| operations                   |        |         |         |         |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit for the period        |    191 |     214 |   3,055 |     241 |    337 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Attributable to              |        |         |         |         |        |
--------------------------------------------------------------------------------
| Equity holders of parent     |    191 |     214 |   3,054 |     239 |    335 |
| company                      |        |         |         |         |        |
--------------------------------------------------------------------------------
|   Minority interest          |      0 |       0 |       0 |       2 |      2 |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| CONSOLIDATED INCOME STATEMENT           |           |           |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EURm                                    | Note      | 1-9/2007  | 1-9/2006   |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Continuing operations                   |           |           |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Insurance premiums written              |     1     |     3,485 |      3,431 |
--------------------------------------------------------------------------------
| Net income from investments             |     2     |       899 |        674 |
--------------------------------------------------------------------------------
| Other operating income                  |           |        17 |         54 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Claims incurred                         |     3     |    -2,405 |     -2,278 |
--------------------------------------------------------------------------------
| Change in liabilities for insurance and |           |      -368 |       -341 |
| investment contracts                    |           |           |            |
--------------------------------------------------------------------------------
| Staff costs                             |     4     |      -361 |       -350 |
--------------------------------------------------------------------------------
| Other operating expenses                |           |      -403 |       -397 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Finance costs                           |           |       -51 |        -68 |
--------------------------------------------------------------------------------
| Share of associates' profit/loss        |           |         2 |          1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit from continuing operations       |           |       814 |        727 |
| before taxes                            |           |           |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Taxes                                   |           |      -208 |       -207 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit from continuing operations       |           |       607 |        520 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Discontinued operations                 |           |           |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit from discontinued operations     |           |     2,853 |        231 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit for the period                   |           |     3,460 |        751 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Attributable to                         |           |           |            |
--------------------------------------------------------------------------------
|   Equity holders of parent company      |           |     3,459 |        738 |
--------------------------------------------------------------------------------
|   Minority interest                     |           |         0 |         13 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earning per share (eur)                 |           |           |            |
--------------------------------------------------------------------------------
|   Basic, continuing operations          |           |      1.05 |       0.94 |
--------------------------------------------------------------------------------
|   Basic, discontinued operations        |           |      4.94 |       0.37 |
--------------------------------------------------------------------------------
| Total                                   |           |      5.99 |       1.31 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|   Diluted, continuing operations        |           |           |            |
--------------------------------------------------------------------------------
|   Diluted, discontinued operations      |           |         - |       0.92 |
--------------------------------------------------------------------------------
| Total                                   |           |           |            |
--------------------------------------------------------------------------------
|                                         |           |         - |       0.36 |
--------------------------------------------------------------------------------
|                                         |           |         - |       1.28 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| CONSOLIDATED BALANCE SHEET              |           |           |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EURm                                    | Note      |    9/2007 |    12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Assets                                  |           |           |            |
--------------------------------------------------------------------------------
| Property, plant and equipment           |           |        39 |         51 |
--------------------------------------------------------------------------------
| Investment property                     |           |       154 |        170 |
--------------------------------------------------------------------------------
| Intangible assets                       |     5     |       742 |        782 |
--------------------------------------------------------------------------------
| Investments in associates               |           |         8 |          5 |
--------------------------------------------------------------------------------
| Financial assets                        |   6, 7    |    20,141 |     15,921 |
--------------------------------------------------------------------------------
| Investments related to unit-linked      |     8     |     2,048 |      1,753 |
| insurance                               |           |           |            |
--------------------------------------------------------------------------------
| Tax assets                              |           |       102 |        149 |
--------------------------------------------------------------------------------
| Reinsurers' share of insurance          |           |       540 |        525 |
| liabilities                             |           |           |            |
--------------------------------------------------------------------------------
| Other assets                            |           |     1,449 |      1,638 |
--------------------------------------------------------------------------------
| Cash and cash equivalents               |           |     1,133 |         41 |
--------------------------------------------------------------------------------
| Non-current assets classified as held   |           |         - |     26,585 |
| for sale                                |           |           |            |
--------------------------------------------------------------------------------
| Total assets                            |           |    26,355 |     47,620 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Liabilities                             |           |           |            |
--------------------------------------------------------------------------------
| Liabilities for insurance and           |     9     |    13,493 |     12,942 |
| investment contracts                    |           |           |            |
--------------------------------------------------------------------------------
| Liabilities for unit-linked insurance   |    10     |     2,041 |      1,752 |
| and investment contracts                |           |           |            |
--------------------------------------------------------------------------------
| Financial liabilities                   |  11, 12   |     1,150 |      1,395 |
--------------------------------------------------------------------------------
| Tax liabilities                         |           |       653 |        607 |
--------------------------------------------------------------------------------
| Provisions                              |           |        36 |         42 |
--------------------------------------------------------------------------------
| Employee benefits                       |           |       123 |        109 |
--------------------------------------------------------------------------------
| Other liabilities                       |           |       928 |      1,065 |
--------------------------------------------------------------------------------
| Liabilities directly associated with    |           |         - |     24,520 |
| non-current assets classified as held   |           |           |            |
| for sale                                |           |           |            |
--------------------------------------------------------------------------------
| Total liabilities                       |           |    18,423 |     42,431 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity                                  |           |           |            |
--------------------------------------------------------------------------------
| Share capital                           |           |        98 |         95 |
--------------------------------------------------------------------------------
| Reserves                                |           |     2,036 |      2,012 |
--------------------------------------------------------------------------------
| Retained earnings                       |           |     5,798 |      3,061 |
--------------------------------------------------------------------------------
| Equity attributable to parent company's |           |     7,932 |      5,168 |
| equityholders                           |           |           |            |
--------------------------------------------------------------------------------
| Minority interest                       |           |         0 |         21 |
--------------------------------------------------------------------------------
| Total equity                            |           |     7,932 |      5,189 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total equity and liabilities            |           |    26,355 |     47,620 |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| STATEMENTS   |      |      |       |       |        |       |        |       |
| OF CHANGES   |      |      |       |       |        |       |        |       |
| IN EQUITY,   |      |      |       |       |        |       |        |       |
| IFRS         |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EURm         | Shar | Shar | Legal | Fair  | Retain | Total | Minori | Total |
|              | e    | e    | reser | value | ed     |       | ty     |       |
|              | capi | prem | ve    | reser | earnin |       | intere |       |
|              | tal  | ium  |       | ve    | gs     |       | st     |       |
|              |      | acco |       |       |        |       |        |       |
|              |      | unt  |       |       |        |       |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity at    |   96 | 1,04 |   370 |   396 |  2,412 | 4,322 |     26 | 4,348 |
| 1 Jan. 2006  |      |    8 |       |       |        |       |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow    |      |      |       |       |        |       |        |       |
| hedges:      |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| - recognised |      |      |       |     0 |        |     0 |        |     0 |
| in equity    |      |      |       |       |        |       |        |       |
| during the   |      |      |       |       |        |       |        |       |
| financial    |      |      |       |       |        |       |        |       |
| year         |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| - recognised |      |      |       |    -1 |        |    -1 |        |    -1 |
| in p/l       |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Financial    |      |      |       |       |        |       |        |       |
| assets       |      |      |       |       |        |       |        |       |
| available-fo |      |      |       |       |        |       |        |       |
| r-sale       |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| - change in  |      |      |       |    92 |        |    92 |        |    92 |
| fair value   |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| - recognised |      |      |       |  -146 |        |  -146 |        |  -146 |
| in p/l       |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Exchange     |      |      |       |       |     15 |    15 |        |    15 |
| rate         |      |      |       |       |        |       |        |       |
| translation  |      |      |       |       |        |       |        |       |
| difference   |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Profit for   |      |      |       |       |    738 |   738 |     13 |   751 |
| the period   |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Total income |      |      |       |   -55 |    754 |   698 |     13 |   711 |
| and expenses |      |      |       |       |        |       |        |       |
| recognised   |      |      |       |       |        |       |        |       |
| for the      |      |      |       |       |        |       |        |       |
| period       |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Subscription |    0 |    3 |       |       |        |     4 |        |     4 |
| for shares   |      |      |       |       |        |       |        |       |
| with options |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Acquisition  |      |      |       |       |    -64 |   -64 |        |   -64 |
| of treasury  |      |      |       |       |        |       |        |       |
| shares       |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Cancellation |   -1 |    1 |       |       |        |     0 |        |     0 |
| of treasury  |      |      |       |       |        |       |        |       |
| shares       |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Recognition  |      |      |       |       |     13 |    13 |        |    13 |
| of undrawn   |      |      |       |       |        |       |        |       |
| dividends    |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Dividends    |      |      |       |       |   -339 |  -339 |    -20 |  -359 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity at    |   95 | 1,05 |   370 |   341 |  2,776 | 4,634 |     19 | 4,653 |
| 30 Sep 2006  |      |    2 |       |       |        |       |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity at    |   95 | 1,15 |   370 |   486 |  3,061 | 5,168 |     21 | 5,189 |
| 1 Jan. 2007  |      |    7 |       |       |        |       |        |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Items of     |      |    0 |     0 |     3 |     -3 |    -1 |    -21 |   -22 |
| equity of    |      |      |       |       |        |       |        |       |
| disposed     |      |      |       |       |        |       |        |       |
| operations   |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Financial    |      |      |       |       |        |       |        |       |
| assets       |      |      |       |       |        |       |        |       |
| available-fo |      |      |       |       |        |       |        |       |
| r-sale       |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| - change in  |      |      |       |   188 |        |   188 |        |   188 |
| fair value   |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| - recognised |      |      |       |  -174 |        |  -174 |        |  -174 |
| in p/l       |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Exchange     |    0 |    0 |     0 |       |    -23 |   -23 |        |   -23 |
| rate         |      |      |       |       |        |       |        |       |
| translation  |      |      |       |       |        |       |        |       |
| difference   |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Profit for   |      |      |       |       |  3,459 | 3,459 |      0 | 3,459 |
| period       |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Total income |    0 |    0 |     0 |    17 |  3,433 | 3,450 |    -21 | 3,428 |
| and expenses |      |      |       |       |        |       |        |       |
| recognised   |      |      |       |       |        |       |        |       |
| for the      |      |      |       |       |        |       |        |       |
| period       |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Subscription |    3 |    4 |       |       |        |     6 |        |     6 |
| for shares   |      |      |       |       |        |       |        |       |
| with options |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Share-based  |      |      |       |       |     -1 |    -1 |        |    -1 |
| payments     |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Acquisition  |      |      |       |       |     -3 |    -3 |        |    -3 |
| of treasury  |      |      |       |       |        |       |        |       |
| shares       |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Recognition  |      |      |       |       |      6 |     6 |        |     6 |
| of undrawn   |      |      |       |       |        |       |        |       |
| dividends    |      |      |       |       |        |       |        |       |
--------------------------------------------------------------------------------
| Dividends    |      |      |       |       |   -693 |  -693 |        |  -693 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity at    |   98 | 1,16 |   370 |   503 |  5,801 | 7,932 |      0 | 7,932 |
| 30 Sep 2007  |      |    0 |       |       |        |       |        |       |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| STATEMENT OF CASH FLOWS                         |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|                                                 | 1-9/2007    | 1-9/2006     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash and cash equivalent at the beginning of    |       2,016 |        1,787 |
| the period                                      |             |              |
--------------------------------------------------------------------------------
| Cash flows from/used in operating activities    |        -748 |       -1,243 |
--------------------------------------------------------------------------------
| Cash flows from/used in investing activities    |       1,201 |          -34 |
--------------------------------------------------------------------------------
| Cash flows from/used in financing activities    |      -1,338 |        1,520 |
--------------------------------------------------------------------------------
|    Paid dividends                               |        -693 |         -401 |
--------------------------------------------------------------------------------
|    Subscription for shares with options         |           6 |            4 |
--------------------------------------------------------------------------------
|    Acquisition of own shares                    |          -3 |          -64 |
--------------------------------------------------------------------------------
|    Increase of liabilities                      |         742 |        9,034 |
--------------------------------------------------------------------------------
|    Decrease of liabilities                      |      -1,390 |       -7,052 |
--------------------------------------------------------------------------------
| Cash and cash equivalent at the end of the      |       1,131 |        2,029 |
| period                                          |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| The net cash flows of discontinued operations   |    1-9/2007 |     1-9/2006 |
--------------------------------------------------------------------------------
| Cash flows used in operating activities         |        -712 |       -1,848 |
--------------------------------------------------------------------------------
| Cash flows from/used in investing activities    |       3,224 |          -50 |
--------------------------------------------------------------------------------
| Cash flows from/used in financing activities    |        -299 |        2,217 |
--------------------------------------------------------------------------------
| Net cash flows total                            |       2,214 |          319 |
--------------------------------------------------------------------------------

In the statements, the net cash derived from the disposal of Banking and        
investment services, is included in the cash flows from investing activities.   

The cash flow statement reports cash flows during the period classified by      
operating, investing and financing activities. Cash flows are reported by using 
the indirect method. Cash flows from operating activities derive primarily from 
the principal revenue-producing activities. Cash flows from investments in      
subsidiaries and associated undertakings and those from investments in          
intangible assets and property, plant and equipment are presented in investing  
activities. Financing activities include cash flows resulting from changes in   
equity and borrowings in order to conduct the business. Cash and cash           
equivalents consist of cash at bank and in hand and short-term deposits (under 3
months).                                                                        

NOTES                                                                           

ACCOUNTING POLICIES                                                             

Sampo Group's consolidated financial statements are prepared in accordance with 
the International Financial Reporting Standards (IFRS) adopted by the EU. The   
interim financial statements are presented in accordance with IAS 34 Interim    
Financial Reporting. In preparing the interim financial statements, the same    
accounting policies and methods of computation are applied as in the financial  
statements for 2006. Sampo has in 2007 adopted the following interpretations:   
IFRIC 8 Scope of IFRS 2, IFRIC 9 Reassesment of embedded derivatives, IFRIC 10  
Interim Financial Reporting and impairment, and IFRIC 11 IFRS 2 - Group and     
treasury share transactions. The adoption of interpretations has not had an     
effect on the Group consolidated financial statements, per share key figures or 
accounting policies.                                                            

The financial statements for 2006 are available on Sampo's website at the       
address www.sampo.com/ir.                                                       

--------------------------------------------------------------------------------
| CONSOLIDATED INCOME      |          |         |         |          |         |
| STATEMENT BY SEGMENT FOR |          |         |         |          |         |
| NINE MONTHS ENDED 30     |          |         |         |          |         |
| SEPTEMBER 2007           |          |         |         |          |         |
--------------------------------------------------------------------------------
| EURm                     | P&C      | Life    | Holding | Elimina- | Group   |
|                          | insuranc | insuran |         | tion     |         |
|                          | e        | ce      |         |          |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Insurance premius        |    3,055 |     430 |       - |        - |   3,485 |
| written                  |          |         |         |          |         |
--------------------------------------------------------------------------------
| Net income from          |      200 |     567 |     135 |       -3 |     899 |
| investments              |          |         |         |          |         |
--------------------------------------------------------------------------------
| Other operating income   |       19 |       0 |       5 |       -7 |      17 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Claims incurred          |   -1,907 |    -498 |       - |        - |  -2,405 |
--------------------------------------------------------------------------------
| Change in liabilities    |     -227 |    -141 |       - |        - |    -368 |
| for insurance and        |          |         |         |          |         |
| investment contracts     |          |         |         |          |         |
--------------------------------------------------------------------------------
| Staff costs              |     -334 |     -15 |     -12 |        - |    -361 |
--------------------------------------------------------------------------------
| Other operating expenses |     -356 |     -37 |     -16 |        6 |    -403 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Finance costs            |      -21 |      -8 |     -29 |        7 |     -51 |
--------------------------------------------------------------------------------
| Share of associates'     |        0 |       1 |       1 |        0 |       2 |
| profit/loss              |          |         |         |          |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit from continuing   |      430 |     298 |      83 |        3 |     814 |
| operations before taxes  |          |         |         |          |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Taxes                    |          |         |         |          |    -208 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit from continuing   |          |         |         |          |     607 |
| operations               |          |         |         |          |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit from discontinued |          |         |         |          |   2,853 |
| operations               |          |         |         |          |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit for the period    |          |         |         |          |   3,460 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Attributable to          |          |         |         |          |         |
--------------------------------------------------------------------------------
| Equity holders of parent |          |         |         |          |   3,459 |
| company                  |          |         |         |          |         |
--------------------------------------------------------------------------------
|   Minority interest      |          |         |         |          |       0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| CONSOLIDATED INCOME      |          |         |         |          |         |
| STATEMENT BY SEGMENT FOR |          |         |         |          |         |
| NINE MONTHS ENDED 30     |          |         |         |          |         |
| SEPTEMBER 2006           |          |         |         |          |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EURm                     | P&C      | Life    | Holding | Elimina- | Group   |
|                          | insuranc | insuran |         | tion     |         |
|                          | e        | ce      |         |          |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Insurance premius        |    3,009 |     422 |       - |        - |   3,431 |
| written                  |          |         |         |          |         |
--------------------------------------------------------------------------------
| Net income from          |      251 |     413 |      24 |      -14 |     674 |
| investments              |          |         |         |          |         |
--------------------------------------------------------------------------------
| Other operating income   |       16 |       0 |      79 |      -41 |      54 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Claims incurred          |   -1,881 |    -397 |       - |        - |  -2,278 |
--------------------------------------------------------------------------------
| Change in liabilities    |     -197 |    -144 |       - |        - |    -341 |
| for insurance and        |          |         |         |          |         |
| investment contracts     |          |         |         |          |         |
--------------------------------------------------------------------------------
| Staff costs              |     -310 |     -15 |     -29 |        4 |    -350 |
--------------------------------------------------------------------------------
| Other operating expenses |     -360 |     -29 |     -44 |       37 |    -397 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Finance costs            |      -26 |      -7 |     -41 |        6 |     -68 |
--------------------------------------------------------------------------------
| Share of associates'     |        0 |       1 |       0 |        - |       1 |
| profit/loss              |          |         |         |          |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit from continuing   |      503 |     244 |     -11 |       -9 |     727 |
| operations before taxes  |          |         |         |          |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Taxes                    |          |         |         |          |    -207 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit from continuing   |          |         |         |          |     520 |
| operations               |          |         |         |          |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit from discontinued |          |         |         |          |     218 |
| operations               |          |         |         |          |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Intra-segment            |          |         |         |          |      14 |
| elimination items        |          |         |         |          |         |
| attributable to          |          |         |         |          |         |
| discontinued operations  |          |         |         |          |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit for the period    |          |         |         |          |     751 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Attributable to          |          |         |         |          |         |
--------------------------------------------------------------------------------
| Equity holders of parent |          |         |         |          |     738 |
| company                  |          |         |         |          |         |
--------------------------------------------------------------------------------
|   Minority interest      |          |         |         |          |      13 |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| CONSOLIDATED BALANCE      |         |          |         |          |        |
| SHEET BY SEGMENT AT 30    |         |          |         |          |        |
| SEPTEMBER 2007            |         |          |         |          |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EURm                      | P&C     | Life     | Holding | Elimina- | Group  |
|                           | insuran | insuranc |         | tion     |        |
|                           | ce      | e        |         |          |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Assets                    |         |          |         |          |        |
--------------------------------------------------------------------------------
| Property, plant and       |      27 |        5 |       7 |        - |     39 |
| equipment                 |         |          |         |          |        |
--------------------------------------------------------------------------------
| Investment property       |      38 |      105 |      12 |        - |    154 |
--------------------------------------------------------------------------------
| Intangible assets         |     580 |      162 |       0 |        - |    742 |
--------------------------------------------------------------------------------
| Investments in associates |       4 |        1 |       2 |        - |      8 |
--------------------------------------------------------------------------------
| Financial assets          |  10,097 |    5,357 |   7,187 |   -2,499 | 20,141 |
--------------------------------------------------------------------------------
| Investments related to    |       - |    2,048 |       - |        - |  2,048 |
| unit-linked insurance     |         |          |         |          |        |
--------------------------------------------------------------------------------
| Tax assets                |      95 |        1 |       6 |        1 |    102 |
--------------------------------------------------------------------------------
| Reinsurers' share of      |     535 |        5 |       - |        - |    540 |
| insurance liabilities     |         |          |         |          |        |
--------------------------------------------------------------------------------
| Other assets              |   1,345 |       72 |      57 |      -25 |  1,449 |
--------------------------------------------------------------------------------
| Cash and cash equivalents |     681 |      334 |     119 |        - |  1,133 |
--------------------------------------------------------------------------------
| Total assets              |  13,401 |    8,089 |   7,389 |   -2,523 | 26,355 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Liabilities               |         |          |         |          |        |
--------------------------------------------------------------------------------
| Liabilities for insurance |   8,856 |    4,637 |       - |        - | 13,493 |
| and investment contracts  |         |          |         |          |        |
--------------------------------------------------------------------------------
| Liabilities for           |       - |    2,041 |       - |        - |  2,041 |
| unit-linked insurance and |         |          |         |          |        |
| investment contracts      |         |          |         |          |        |
--------------------------------------------------------------------------------
| Financial liabilities     |     574 |      102 |     598 |     -125 |  1,150 |
--------------------------------------------------------------------------------
| Tax liabilities           |     409 |      193 |      51 |        - |    653 |
--------------------------------------------------------------------------------
| Provisions                |      36 |        - |       - |        - |     36 |
--------------------------------------------------------------------------------
| Employee benefits         |     123 |        - |       - |        - |    123 |
--------------------------------------------------------------------------------
| Other liabilities         |     772 |       93 |      89 |      -25 |    928 |
--------------------------------------------------------------------------------
| Total liabilities         |  10,768 |    7,066 |     738 |     -150 | 18,423 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity                    |         |          |         |          |        |
--------------------------------------------------------------------------------
| Share capital             |         |          |         |          |     98 |
--------------------------------------------------------------------------------
| Reserves                  |         |          |         |          |  2,036 |
--------------------------------------------------------------------------------
| Retained earnings         |         |          |         |          |  5,798 |
--------------------------------------------------------------------------------
| Equity attributable to    |         |          |         |          |  7,932 |
| parent company's          |         |          |         |          |        |
| equityholders             |         |          |         |          |        |
--------------------------------------------------------------------------------
| Minority interest         |         |          |         |          |      0 |
--------------------------------------------------------------------------------
| Total equity              |         |          |         |          |  7,932 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total equity and          |         |          |         |          | 26,355 |
| liabilities               |         |          |         |          |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| CONSOLIDATED BALANCE      |         |          |         |          |        |
| SHEET BY SEGMENT AT 31    |         |          |         |          |        |
| DECEMBER 2006             |         |          |         |          |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EURm                      | P&C     | Life     | Holding | Elimina- | Group  |
|                           | insuran | insuranc |         | tion     |        |
|                           | ce      | e        |         |          |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Assets                    |         |          |         |          |        |
--------------------------------------------------------------------------------
| Property, plant and       |      28 |        5 |      18 |        - |     51 |
| equipment                 |         |          |         |          |        |
--------------------------------------------------------------------------------
| Investment property       |      41 |      110 |      19 |        - |    170 |
--------------------------------------------------------------------------------
| Intangible assets         |     599 |      159 |      23 |        - |    782 |
--------------------------------------------------------------------------------
| Investments in associates |       4 |        1 |       0 |        - |      5 |
--------------------------------------------------------------------------------
| Financial assets          |   9,821 |    5,657 |   4,043 |   -3,598 | 15,921 |
--------------------------------------------------------------------------------
| Investments related to    |       - |    1,753 |       - |        - |  1,753 |
| unit-linked insurance     |         |          |         |          |        |
--------------------------------------------------------------------------------
| Tax assets                |     113 |       13 |      22 |        1 |    149 |
--------------------------------------------------------------------------------
| Reinsurers' share of      |     521 |        4 |       - |        - |    525 |
| insurance liabilities     |         |          |         |          |        |
--------------------------------------------------------------------------------
| Other assets              |   1,475 |      121 |      78 |      -36 |  1,638 |
--------------------------------------------------------------------------------
| Cash and cash equivalents |     230 |       58 |     336 |     -582 |     41 |
--------------------------------------------------------------------------------
| Non-current assets        |       - |        - |       - |        - | 26,585 |
| classified as held for    |         |          |         |          |        |
| sale                      |         |          |         |          |        |
--------------------------------------------------------------------------------
| Total assets              |  12,831 |    7,882 |   4,538 |   -4,216 | 47,620 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Liabilities               |         |          |         |          |        |
--------------------------------------------------------------------------------
| Liabilities for insurance |   8,247 |    4,695 |       - |        - | 12,942 |
| and investment contracts  |         |          |         |          |        |
--------------------------------------------------------------------------------
| Liabilities for           |       - |    1,752 |       - |        - |  1,752 |
| unit-linked insurance and |         |          |         |          |        |
| investment contracts      |         |          |         |          |        |
--------------------------------------------------------------------------------
| Financial liabilities     |     499 |      112 |     930 |     -146 |  1,395 |
--------------------------------------------------------------------------------
| Tax liabilities           |     407 |      189 |      11 |        - |    607 |
--------------------------------------------------------------------------------
| Provisions                |      42 |        - |       - |        - |     42 |
--------------------------------------------------------------------------------
| Employee benefits         |     109 |        - |       - |        - |    109 |
--------------------------------------------------------------------------------
| Other liabilities         |     961 |       39 |      98 |      -32 |  1,065 |
--------------------------------------------------------------------------------
| Liabilities directly      |       - |        - |       - |        - | 24,520 |
| associated with           |         |          |         |          |        |
| non-current assets        |         |          |         |          |        |
| classified as held for    |         |          |         |          |        |
| sale                      |         |          |         |          |        |
--------------------------------------------------------------------------------
| Total liabilities         |  10,264 |    6,787 |   1,039 |     -179 | 42,431 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity                    |         |          |         |          |        |
--------------------------------------------------------------------------------
| Share capital             |         |          |         |          |     95 |
--------------------------------------------------------------------------------
| Reserves                  |         |          |         |          |  2,012 |
--------------------------------------------------------------------------------
| Retained earnings         |         |          |         |          |  3,061 |
--------------------------------------------------------------------------------
| Equity attributable to    |         |          |         |          |  5,168 |
| parent company's          |         |          |         |          |        |
| equityholders             |         |          |         |          |        |
--------------------------------------------------------------------------------
| Minority interest         |         |          |         |          |     21 |
--------------------------------------------------------------------------------
| Total equity              |         |          |         |          |  5,189 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total equity and          |         |          |         |          | 47,620 |
| liabilities               |         |          |         |          |        |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| OTHER NOTES                                  |               |               |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 1 INSURANCE PREMIUMS                         |               |               |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| P&C insurance                                |               |               |
--------------------------------------------------------------------------------
|                                              |      1-9/2007 |      1-9/2006 |
--------------------------------------------------------------------------------
| Premiums from insurance contracts            |               |               |
--------------------------------------------------------------------------------
| Premiums written, direct insurance           |         3,204 |         3,157 |
--------------------------------------------------------------------------------
| Premiums written, assumed reinsurance        |            75 |            71 |
--------------------------------------------------------------------------------
| Premiums written, gross                      |         3,279 |         3,228 |
--------------------------------------------------------------------------------
| Ceded reinsurance premiums written           |          -224 |          -218 |
--------------------------------------------------------------------------------
| Premiums written, net                        |         3,055 |         3,009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Change in unearned premium provision         |          -263 |          -235 |
--------------------------------------------------------------------------------
| Reinsurers' share                            |            36 |            38 |
--------------------------------------------------------------------------------
| Insurance premiums earned, net               |         2,828 |         2,813 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Life insurance                               |               |               |
--------------------------------------------------------------------------------
|                                              |      1-9/2007 |      1-9/2006 |
--------------------------------------------------------------------------------
| Premiums from insurance contracts            |               |               |
--------------------------------------------------------------------------------
| Premiums from contracts with discretionary   |           140 |           138 |
| participation feature                        |               |               |
--------------------------------------------------------------------------------
| Premiums from unit-linked contracts          |           274 |           252 |
--------------------------------------------------------------------------------
| Premiums from other contracts                |             5 |             3 |
--------------------------------------------------------------------------------
| Insurance contracts, total                   |           419 |           394 |
--------------------------------------------------------------------------------
| Assumed reinsurance                          |             3 |             3 |
--------------------------------------------------------------------------------
| Premiums from investment contracts           |               |               |
--------------------------------------------------------------------------------
| Premiums from contracts with discretionary   |             1 |             3 |
| participation feature                        |               |               |
--------------------------------------------------------------------------------
| Premiums from unit-linked contracts          |            13 |            29 |
--------------------------------------------------------------------------------
| Investment contracts, total                  |            14 |            32 |
--------------------------------------------------------------------------------
| Reinsurers' shares                           |            -6 |            -7 |
--------------------------------------------------------------------------------
| Premiums written, total                      |           430 |           422 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Single and regular premiums from direct      |               |               |
| insurance                                    |               |               |
--------------------------------------------------------------------------------
| Regular premiums, insurance contracts        |           268 |           231 |
--------------------------------------------------------------------------------
| Single premiums, insurance contracts         |           151 |           163 |
--------------------------------------------------------------------------------
| Single premiums, investment contracts        |            14 |            32 |
--------------------------------------------------------------------------------
| Total                                        |           433 |           426 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Group, total                                 |         3,485 |         3,431 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 2 NET INCOME FROM INVESTMENTS                |               |               |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| P&C Insurance                                |               |               |
--------------------------------------------------------------------------------
|                                              |      1-9/2007 |      1-9/2006 |
--------------------------------------------------------------------------------
| Financial assets                             |               |               |
--------------------------------------------------------------------------------
| Derivative financial instruments             |            40 |             6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Financial assets designated as at fair value |               |               |
| through p/l                                  |               |               |
--------------------------------------------------------------------------------
|     Debt securities                          |           177 |           157 |
--------------------------------------------------------------------------------
|     Equity securities                        |            14 |           124 |
--------------------------------------------------------------------------------
| Total                                        |           191 |           281 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Loans and receivables                        |            18 |             8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total financial assets                       |           249 |           295 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Income from other assets                     |             1 |             1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Fee and commission expense                   |            -6 |            -3 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Expense on other than financial liabilities  |            -1 |            -1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Effect of discounting annuities              |           -42 |           -40 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| P&C insurance, total                         |           200 |           251 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Life insurance                               |               |               |
--------------------------------------------------------------------------------
|                                              |      1-9/2007 |      1-9/2006 |
--------------------------------------------------------------------------------
| Financial assets                             |               |               |
--------------------------------------------------------------------------------
| Derivative financial instruments             |            27 |            13 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Financial assets designated as at fair value |               |               |
| through p/l                                  |               |               |
--------------------------------------------------------------------------------
|     Debt securities                          |             0 |             3 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Investments related to unit-linked contracts |               |               |
--------------------------------------------------------------------------------
|     Debt securities                          |            -4 |             0 |
--------------------------------------------------------------------------------
|     Equity securities                        |           102 |            49 |
--------------------------------------------------------------------------------
| Total                                        |            98 |            49 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Loans and receivables                        |             3 |             2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Financial asset available-for-sale           |               |               |
--------------------------------------------------------------------------------
|     Debt securities                          |            81 |            67 |
--------------------------------------------------------------------------------
|     Equity securities                        |           344 |           261 |
--------------------------------------------------------------------------------
| Total                                        |           425 |           328 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total income from financial assets           |           554 |           395 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other assets                                 |             4 |            12 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Fee and commission income, net               |             9 |             7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Life insurance, total                        |           567 |           413 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Holding                                      |               |               |
--------------------------------------------------------------------------------
|                                              |      1-9/2007 |      1-9/2006 |
--------------------------------------------------------------------------------
| Financial assets                             |               |               |
--------------------------------------------------------------------------------
| Loans and other receivables                  |            -1 |             9 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Financial assets available-for-sale          |               |               |
--------------------------------------------------------------------------------
|     Debt securities                          |            96 |             6 |
--------------------------------------------------------------------------------
|     Equity securities                        |            41 |             3 |
--------------------------------------------------------------------------------
| Total                                        |           137 |             9 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other assets                                 |            -2 |             6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Holding, total                               |           135 |            24 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Elimination items between segments           |            -3 |           -14 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Group, total                                 |           899 |           674 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 3  CLAIMS                                    |               |               |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| P&C insurance                                |      1-9/2007 |      1-9/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Claims paid                                  |        -1,709 |        -1,672 |
--------------------------------------------------------------------------------
| Reinsurers' share                            |            99 |           100 |
--------------------------------------------------------------------------------
| Claims paid, net                             |        -1,610 |        -1,572 |
--------------------------------------------------------------------------------
| Change in provision for claims outstanding   |          -284 |          -295 |
--------------------------------------------------------------------------------
| Reinsurers' share                            |           -12 |           -13 |
--------------------------------------------------------------------------------
| Claims incurred, net                         |        -1,907 |        -1,881 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Life insurance                               |      1-9/2007 |      1-9/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Claims paid                                  |          -413 |          -308 |
--------------------------------------------------------------------------------
| Reinsurers' share                            |             5 |             5 |
--------------------------------------------------------------------------------
| Claims paid, net                             |          -408 |          -304 |
--------------------------------------------------------------------------------
| Change in provision for claims outstanding   |           -90 |           -94 |
--------------------------------------------------------------------------------
| Reinsurers' share                            |             0 |             0 |
--------------------------------------------------------------------------------
| Claims incurred, net                         |          -498 |          -397 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Group, total                                 |        -2,405 |        -2,278 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 4 STAFF COSTS                                |               |               |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| P&C insurance                                |      1-9/2007 |      1-9/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Wages and salaries                           |          -228 |          -217 |
--------------------------------------------------------------------------------
| Granted equity-settled share options         |            -1 |             0 |
--------------------------------------------------------------------------------
| Granted cash-settled share options           |            -5 |            -5 |
--------------------------------------------------------------------------------
| Pension costs                                |           -53 |           -47 |
--------------------------------------------------------------------------------
| Other social security costs                  |           -47 |           -41 |
--------------------------------------------------------------------------------
| P&C insurance, total                         |          -334 |          -310 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Life insurance                               |      1-9/2007 |      1-9/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Wages and salaries                           |           -12 |           -11 |
--------------------------------------------------------------------------------
| Granted equity-settled share options         |             0 |             0 |
--------------------------------------------------------------------------------
| Granted cash-settled share options           |             0 |            -1 |
--------------------------------------------------------------------------------
| Pension costs                                |            -2 |            -2 |
--------------------------------------------------------------------------------
| Other social security costs                  |            -1 |            -1 |
--------------------------------------------------------------------------------
| Life insurance, total                        |           -15 |           -15 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Holding                                      |      1-9/2007 |      1-9/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Wages and salaries                           |            -8 |           -22 |
--------------------------------------------------------------------------------
| Granted equity-settled share options         |            -1 |            -1 |
--------------------------------------------------------------------------------
| Granted cash-settled share options           |             0 |            -2 |
--------------------------------------------------------------------------------
| Pension costs                                |            -2 |            -4 |
--------------------------------------------------------------------------------
| Other social security costs                  |             0 |            -1 |
--------------------------------------------------------------------------------
| Holding, total                               |           -12 |           -29 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Elimination items between segments           |             - |             4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Group, total                                 |          -361 |          -350 |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| 5 INTANGIBLE ASSETS                               |            |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| P&C insurance                                     |     9/2007 |     12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Goodwill                                          |        545 |         557 |
--------------------------------------------------------------------------------
| Customer relations                                |         23 |          29 |
--------------------------------------------------------------------------------
| Other intangible assets                           |         12 |          13 |
--------------------------------------------------------------------------------
| Total                                             |        580 |         599 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Life insurance                                    |     9/2007 |     12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Goodwill                                          |        153 |         153 |
--------------------------------------------------------------------------------
| Other intangible assets                           |          9 |           6 |
--------------------------------------------------------------------------------
| Total                                             |        162 |         159 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Holding                                           |     9/2007 |     12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other intangible assets                           |          0 |          23 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Group, total                                      |        742 |         782 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 6 FINANCIAL ASSETS                                |            |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| P&C insurance                                     |            |             |
--------------------------------------------------------------------------------
|                                                   |     9/2007 |     12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Derivative financial instruments (Note 7)         |        260 |          87 |
--------------------------------------------------------------------------------
| Financial assets designated as at fair value      |            |             |
| through p/l                                       |            |             |
--------------------------------------------------------------------------------
|    Debt securities                                |      8,751 |       8,690 |
--------------------------------------------------------------------------------
|    Equity securities                              |      1,084 |       1,041 |
--------------------------------------------------------------------------------
| Total                                             |      9,835 |       9,732 |
--------------------------------------------------------------------------------
| Loans and receivables                             |            |             |
--------------------------------------------------------------------------------
|    Deposits with ceding undertakings              |          2 |           2 |
--------------------------------------------------------------------------------
| P&C insurance, total                              |     10,097 |       9,821 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Life insurance                                    |            |             |
--------------------------------------------------------------------------------
|                                                   |     9/2007 |     12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Derivative financial instruments (Note 7)         |         11 |          16 |
--------------------------------------------------------------------------------
| Financial assets designated as at fair value      |            |             |
| through p/l                                       |            |             |
--------------------------------------------------------------------------------
|    Debt securities                                |         35 |          70 |
--------------------------------------------------------------------------------
|    Equity securities                              |          5 |           5 |
--------------------------------------------------------------------------------
| Total                                             |         40 |          75 |
--------------------------------------------------------------------------------
| Investments held-to-maturity                      |            |             |
--------------------------------------------------------------------------------
|    Debt securities                                |          8 |          10 |
--------------------------------------------------------------------------------
| Loans and receivables                             |            |             |
--------------------------------------------------------------------------------
|    Deposits                                       |          2 |           4 |
--------------------------------------------------------------------------------
|    Deposits with ceding undertakings              |          2 |           2 |
--------------------------------------------------------------------------------
| Total                                             |          3 |           6 |
--------------------------------------------------------------------------------
| Financial assets available-for-sale               |            |             |
--------------------------------------------------------------------------------
|    Debt securities                                |      3,562 |       3,440 |
--------------------------------------------------------------------------------
|    Equity securities                              |      1,731 |       2,110 |
--------------------------------------------------------------------------------
| Total                                             |      5,294 |       5,550 |
--------------------------------------------------------------------------------
| Life insurance, total                             |      5,357 |       5,657 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Holding                                           |            |             |
--------------------------------------------------------------------------------
|                                                   |     9/2007 |     12/2006 |
--------------------------------------------------------------------------------
| Loans and receivables                             |            |             |
--------------------------------------------------------------------------------
|    Deposits                                       |          0 |         291 |
--------------------------------------------------------------------------------
| Financial assets available-for-sale               |            |             |
--------------------------------------------------------------------------------
|    Debt securities                                |      2,521 |         140 |
--------------------------------------------------------------------------------
|    Equity securities                              |      2,296 |         454 |
--------------------------------------------------------------------------------
| Total                                             |      4,817 |         595 |
--------------------------------------------------------------------------------
| Investments in subsidiaries                       |      2,370 |       3,157 |
--------------------------------------------------------------------------------
| Holding, total                                    |      7,187 |       4,043 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Elimination items between segments                |     -2,499 |      -3,598 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Group, total                                      |     20,141 |      15,921 |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| 7 DERIVATIVE   |        |        |           |         |         |           |
| FINANCIAL      |        |        |           |         |         |           |
| INSTRUMENTS    |        |        |           |         |         |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| P&C insurance  |        | 9/2007 |           |         | 12/2006 |           |
--------------------------------------------------------------------------------
|                |        | Fair   | Fair      |         | Fair    | Fair      |
|                |        | value  | value     |         | value   | value     |
--------------------------------------------------------------------------------
|                | Contra | Assets | Liabiliti | Contrac | Assets  | Liabiliti |
|                | ct/    |        | es        | t/      |         | es        |
|                | notion |        |           | notiona |         |           |
|                | al     |        |           | l       |         |           |
|                | amount |        |           | amount  |         |           |
--------------------------------------------------------------------------------
| Derivatives    |        |        |           |         |         |           |
| held for       |        |        |           |         |         |           |
| trading        |        |        |           |         |         |           |
--------------------------------------------------------------------------------
| Interest rate  |  5,784 |     19 |         5 |   1,668 |       4 |         2 |
| derivatives    |        |        |           |         |         |           |
--------------------------------------------------------------------------------
| Foreign        |  6,726 |    241 |       128 |   4,548 |      73 |        55 |
| exchange       |        |        |           |         |         |           |
| derivatives    |        |        |           |         |         |           |
--------------------------------------------------------------------------------
| Equity         |     94 |      0 |         0 |      15 |      10 |         0 |
| derivatives    |        |        |           |         |         |           |
--------------------------------------------------------------------------------
| Total          | 12,605 |    260 |       133 |   6,232 |      87 |        57 |
| derivative     |        |        |           |         |         |           |
| assets/(liabil |        |        |           |         |         |           |
| ities) held    |        |        |           |         |         |           |
| for trading    |        |        |           |         |         |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Life insurance |        | 9/2007 |           |         | 12/2006 |           |
--------------------------------------------------------------------------------
|                |        | Fair   | Fair      |         | Fair    | Fair      |
|                |        | value  | value     |         | value   | value     |
--------------------------------------------------------------------------------
|                | Contra | Assets | Liabiliti | Contrac | Assets  | Liabiliti |
|                | ct/    |        | es        | t/      |         | es        |
|                | notion |        |           | notiona |         |           |
|                | al     |        |           | l       |         |           |
|                | amount |        |           | amount  |         |           |
--------------------------------------------------------------------------------
| Derivatives    |        |        |           |         |         |           |
| held for       |        |        |           |         |         |           |
| trading        |        |        |           |         |         |           |
--------------------------------------------------------------------------------
| Interest rate  |  1,548 |      2 |         2 |     754 |       8 |         9 |
| derivatives    |        |        |           |         |         |           |
--------------------------------------------------------------------------------
| Foreign        |    581 |      9 |         1 |     676 |       7 |         3 |
| exchange       |        |        |           |         |         |           |
| derivatives    |        |        |           |         |         |           |
--------------------------------------------------------------------------------
| Equity         |      9 |      0 |         0 |       0 |       0 |         0 |
| derivatives    |        |        |           |         |         |           |
--------------------------------------------------------------------------------
| Commodity      |      0 |      0 |         0 |      76 |       1 |         1 |
| derivatives    |        |        |           |         |         |           |
--------------------------------------------------------------------------------
| Total          |  2,137 |     11 |         2 |   1,506 |      16 |        12 |
| derivative     |        |        |           |         |         |           |
| assets/(liabil |        |        |           |         |         |           |
| ities)         |        |        |           |         |         |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Holding        |        | 9/2007 |           |         | 12/2006 |           |
--------------------------------------------------------------------------------
|                |        | Fair   | Fair      |         | Fair    | Fair      |
|                |        | value  | value     |         | value   | value     |
--------------------------------------------------------------------------------
|                | Contra | Assets | Liabiliti | Contrac | Assets  | Liabiliti |
|                | ct/    |        | es        | t/      |         | es        |
|                | notion |        |           | notiona |         |           |
|                | al     |        |           | l       |         |           |
|                | amount |        |           | amount  |         |           |
--------------------------------------------------------------------------------
| Derivatives    |        |        |           |         |         |           |
| held for       |        |        |           |         |         |           |
| hedging        |        |        |           |         |         |           |
--------------------------------------------------------------------------------
| Derivatives    |      - |      - |         - |     628 |       - |        12 |
| designated as  |        |        |           |         |         |           |
| fair value     |        |        |           |         |         |           |
| hedges         |        |        |           |         |         |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total          |      - |      - |         - |     628 |       - |        12 |
| derivative     |        |        |           |         |         |           |
| assets/(liabil |        |        |           |         |         |           |
| ities)         |        |        |           |         |         |           |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| 8 INVESTMENTS RELATED TO UNIT-LINKED INSURANCE    |            |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Life insurance                                    |            |             |
--------------------------------------------------------------------------------
|                                                   |     9/2007 |     12/2006 |
--------------------------------------------------------------------------------
| Financial assets as at fair value through p/l     |            |             |
--------------------------------------------------------------------------------
| Debt securities                                   |         70 |          58 |
--------------------------------------------------------------------------------
| Equity securities                                 |      1,977 |       1,695 |
--------------------------------------------------------------------------------
| Financial assets as at fair value through p/l     |      2,048 |       1,753 |
| total                                             |            |             |
--------------------------------------------------------------------------------
| Other                                             |          0 |           0 |
--------------------------------------------------------------------------------
| Life insurance, total                             |      2,048 |       1,753 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 9 LIABILITIES FOR INSURANCE AND INVESTMENT        |            |             |
| CONTRACTS                                         |            |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| P&C insurance                                     |            |             |
--------------------------------------------------------------------------------
|                                                   |     9/2007 |     12/2006 |
--------------------------------------------------------------------------------
| Insurance contracts                               |            |             |
--------------------------------------------------------------------------------
| Provision for unearned premiums                   |      1,947 |       1,640 |
--------------------------------------------------------------------------------
| Provision for claims outstanding                  |      6,909 |       6,606 |
--------------------------------------------------------------------------------
| Total insurance liabilities for P&C insurance     |      8,856 |       8,247 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Reinsurers' share                                 |            |             |
--------------------------------------------------------------------------------
| Provision for unearned premiums                   |         92 |          56 |
--------------------------------------------------------------------------------
| Provision for claims outstanding                  |        443 |         465 |
--------------------------------------------------------------------------------
| Total reinsurers' share                           |        535 |         521 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Life insurance                                    |            |             |
--------------------------------------------------------------------------------
|                                                   |     9/2007 |     12/2006 |
--------------------------------------------------------------------------------
| Insurance contracts                               |            |             |
--------------------------------------------------------------------------------
| Liabilities for contracts with DPF                |            |             |
--------------------------------------------------------------------------------
|    Provision for unearned premiums                |      2,860 |       2,979 |
--------------------------------------------------------------------------------
|    Provision for claims outstanding               |      1,655 |       1,565 |
--------------------------------------------------------------------------------
| Total                                             |      4,516 |       4,544 |
--------------------------------------------------------------------------------
| Liabilities for contracts without DPF             |            |             |
--------------------------------------------------------------------------------
|    Provision for unearned premiums                |          6 |           6 |
--------------------------------------------------------------------------------
|    Provision for claims outstanding               |          0 |           0 |
--------------------------------------------------------------------------------
| Total                                             |          7 |           6 |
--------------------------------------------------------------------------------
| Total                                             |      4,522 |       4,550 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Assumed reinsurance                               |            |             |
--------------------------------------------------------------------------------
|    Provision for unearned premiums                |          4 |           4 |
--------------------------------------------------------------------------------
|    Provision for claims outstanding               |          2 |           3 |
--------------------------------------------------------------------------------
| Total                                             |          6 |           7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Insurance contracts, total                        |            |             |
--------------------------------------------------------------------------------
| Provision for unearned premiums                   |      2,871 |       2,989 |
--------------------------------------------------------------------------------
| Provision for claims outstanding                  |      1,658 |       1,568 |
--------------------------------------------------------------------------------
|                                                   |      4,528 |       4,557 |
--------------------------------------------------------------------------------
| Investment contracts                              |            |             |
--------------------------------------------------------------------------------
| Liabilities for contracts with DPF                |            |             |
--------------------------------------------------------------------------------
|    Provision for unearned premiums                |        109 |         138 |
--------------------------------------------------------------------------------
| Investment contracts, total                       |        109 |         138 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Liabilities for insurance and investment          |            |             |
| contracts, total                                  |            |             |
--------------------------------------------------------------------------------
| Provision for unearned premiums                   |      2,979 |       3,127 |
--------------------------------------------------------------------------------
| Provision for claims outstanding                  |      1,658 |       1,568 |
--------------------------------------------------------------------------------
| Life insurance, total                             |      4,637 |       4,695 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Recoverable from reinsurers                       |            |             |
--------------------------------------------------------------------------------
| Provision for unearned premiums                   |          1 |           0 |
--------------------------------------------------------------------------------
| Provision for claims outstanding                  |          4 |           4 |
--------------------------------------------------------------------------------
| Total                                             |          5 |           4 |
--------------------------------------------------------------------------------

Investment contracts do not include a provision for claims outstanding.         

Liability adequacy test does not give rise to supplementary claims.             

Exemption allowed in IFRS 4 Insurance contracts has been applied to investment  
contracts with DPF or contracts with a right to trade-off for an investment     
contract with DPF.These investment contracts have been valued like insurance    
contracts.                                                                      

--------------------------------------------------------------------------------
| Group, total                                      |     13,493 |      12,942 |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| 10 LIABILITIES FROM UNIT-LINKED INSURANCE AND     |            |             |
| INVESTMENT CONTRACTS                              |            |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Life insurance                                    |     9/2007 |     12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Unit-linked insurance contracts                   |      1,974 |       1,690 |
--------------------------------------------------------------------------------
| Unit-linked investment contracts                  |         67 |          62 |
--------------------------------------------------------------------------------
| Total                                             |      2,041 |       1,752 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 11 FINANCIAL LIABILITIES                          |            |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| P&C insurance                                     |     9/2007 |     12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Derivative financial instruments (Note 7)         |        133 |          57 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Subordinated debt securities                      |            |             |
--------------------------------------------------------------------------------
| Subordinated loans                                |        440 |         441 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| P&C insurance, total                              |        574 |         499 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Life insurance                                    |     9/2007 |     12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Derivative financial instruments (Note 7)         |          2 |          12 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Subordinated debt securities                      |            |             |
--------------------------------------------------------------------------------
| Subordinated loans                                |        100 |         100 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Life insurance, total                             |        102 |         112 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Holding                                           |     9/2007 |     12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Derivative financial instruments (Note 7)         |          - |          12 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Debt securities in issue                          |            |             |
--------------------------------------------------------------------------------
| Certificates of deposit                           |          5 |          50 |
--------------------------------------------------------------------------------
| Bonds and notes                                   |          - |         191 |
--------------------------------------------------------------------------------
| Total                                             |          5 |         241 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Subordinated debt securities                      |            |             |
--------------------------------------------------------------------------------
| Debentures                                        |        587 |         586 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other                                             |            |             |
--------------------------------------------------------------------------------
| Pension loan                                      |          - |          85 |
--------------------------------------------------------------------------------
| Other                                             |          6 |           6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Holding, total                                    |        598 |         930 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Elimination items between segments                |       -125 |        -146 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Group, total                                      |      1,150 |       1,395 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| 12 CONTINGENT LIABILITIES   |         |             |          |             |
| AND COMMITMENTS             |         |             |          |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| P&C insurance               |         |             |          |             |
--------------------------------------------------------------------------------
|                             |  9/2007 |     12/2006 |          |             |
--------------------------------------------------------------------------------
| Off-balance sheet items     |         |             |          |             |
--------------------------------------------------------------------------------
| Guarantees                  |      41 |          48 |          |             |
--------------------------------------------------------------------------------
| Other irrevocable           |      17 |          19 |          |             |
| commitments                 |         |             |          |             |
--------------------------------------------------------------------------------
| Total                       |      58 |          67 |          |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other                       |         |             |          |             |
--------------------------------------------------------------------------------
| Assets covered by           |     342 |         326 |          |             |
| policyholders' beneficiary  |         |             |          |             |
| rights                      |         |             |          |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Assets pledged as           |         |             |          |             |
| collateral for liabilities  |         |             |          |             |
| or contingent liabilities   |         |             |          |             |
--------------------------------------------------------------------------------
|                             |  9/2007 |      9/2007 |  12/2006 |     12/2006 |
--------------------------------------------------------------------------------
| Assets pledged as           | Assets  | Liabilities | Assets   | Liabilities |
| collateral                  | pledged | / commit-   | pledged  | / commit-   |
|                             |         | ments       |          | ments       |
--------------------------------------------------------------------------------
| Cash at balances at central |      11 |           8 |       18 |           9 |
| banks                       |         |             |          |             |
--------------------------------------------------------------------------------
| Investments                 |         |             |          |             |
--------------------------------------------------------------------------------
| - Investment securities     |     289 |         106 |      250 |         114 |
--------------------------------------------------------------------------------
| Total                       |     299 |         114 |      268 |         123 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-cancellable operating   |  9/2007 |     12/2006 |          |             |
| leases                      |         |             |          |             |
--------------------------------------------------------------------------------
| Minimum lease payments      |         |             |          |             |
| under non-cancellable       |         |             |          |             |
| operating leases            |         |             |          |             |
--------------------------------------------------------------------------------
| not later than one year     |      35 |          33 |          |             |
--------------------------------------------------------------------------------
| later than one year and not |      89 |          92 |          |             |
| later than five years       |         |             |          |             |
--------------------------------------------------------------------------------
| later than five years       |      75 |          75 |          |             |
--------------------------------------------------------------------------------
| Total                       |     199 |         201 |          |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Life insurance              |         |             |          |             |
--------------------------------------------------------------------------------
|                             |  9/2007 |     12/2006 |          |             |
--------------------------------------------------------------------------------
| Off-balance sheet items     |         |             |          |             |
--------------------------------------------------------------------------------
| Fund commitments            |     235 |         178 |          |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Assets pledged as           |         |             |          |             |
| collateral for liabilities  |         |             |          |             |
| or contingent liabilities   |         |             |          |             |
--------------------------------------------------------------------------------
|                             |  9/2007 |      9/2007 |  12/2006 |     12/2006 |
--------------------------------------------------------------------------------
| Assets pledged as           | Assets  | Liabilities | Assets   | Liabilities |
| collateral                  | pledged | / commit-   | pledged  | / commit-   |
|                             |         | ments       |          | ments       |
--------------------------------------------------------------------------------
| Investments                 |         |             |          |             |
--------------------------------------------------------------------------------
| - Investment securities     |       2 |           0 |        4 |           0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|                             |  9/2007 |     12/2006 |          |             |
--------------------------------------------------------------------------------
| Other commitments           |         |             |          |             |
--------------------------------------------------------------------------------
| Acquisition of IT-software  |       2 |           1 |          |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-cancellable operating   |  9/2007 |     12/2006 |          |             |
| leases                      |         |             |          |             |
--------------------------------------------------------------------------------
| Minimum lease payments      |         |             |          |             |
| under non-cancellable       |         |             |          |             |
| operating leases            |         |             |          |             |
--------------------------------------------------------------------------------
| not later than one year     |       2 |           2 |          |             |
--------------------------------------------------------------------------------
| later than one year and not |       6 |           6 |          |             |
| later than five years       |         |             |          |             |
--------------------------------------------------------------------------------
| later than five years       |       4 |           5 |          |             |
--------------------------------------------------------------------------------
| Total                       |      12 |          13 |          |             |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| 13 RESULT ANALYSIS OF P&C INSURANCE BUSINESS      |            |             |
--------------------------------------------------------------------------------
|                                                   |   1-9/2007 |    1-9/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Premiums earned                                   |      2,828 |       2,813 |
--------------------------------------------------------------------------------
| Claims incurred                                   |     -2,088 |      -2,060 |
--------------------------------------------------------------------------------
| Operating expenses                                |       -484 |        -468 |
--------------------------------------------------------------------------------
| Other technical income and expenses               |          1 |           0 |
--------------------------------------------------------------------------------
| Allocated investment return transferred from the  |        148 |         130 |
| non-technical account                             |            |             |
--------------------------------------------------------------------------------
| Technical result                                  |        405 |         414 |
--------------------------------------------------------------------------------
| Investment result                                 |        222 |         266 |
--------------------------------------------------------------------------------
| Allocated investment return transferred to the    |       -190 |        -170 |
| technical account                                 |            |             |
--------------------------------------------------------------------------------
| Other income and expenses                         |         -6 |          -6 |
--------------------------------------------------------------------------------
| Operating result                                  |        430 |         503 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 14 SAMPO PLC'S INCOME STATEMENT AND BALANCE SHEET |            |             |
| (FAS)                                             |            |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| INCOME STATEMENT                                  |            |             |
--------------------------------------------------------------------------------
|                                                   |   1-9/2007 |    1-9/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other operating income                            |          9 |          45 |
--------------------------------------------------------------------------------
| Staff expenses                                    |        -13 |         -14 |
--------------------------------------------------------------------------------
| Depreciation and impairment                       |         -2 |          -6 |
--------------------------------------------------------------------------------
| Other operating expenses                          |        -20 |         -19 |
--------------------------------------------------------------------------------
| Operating profit                                  |        -27 |           6 |
--------------------------------------------------------------------------------
| Finance income and expenses                       |      3,781 |         915 |
--------------------------------------------------------------------------------
| Profit before appropriations and income taxes     |      3,755 |         922 |
--------------------------------------------------------------------------------
| Income taxes                                      |        -21 |           1 |
--------------------------------------------------------------------------------
| Profit for the financial period                   |      3,733 |         923 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| BALANCE SHEET                                     |     9/2007 |     12/2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| ASSETS                                            |            |             |
--------------------------------------------------------------------------------
| Non-current assets                                |            |             |
--------------------------------------------------------------------------------
| Intangible assets                                 |          1 |          23 |
--------------------------------------------------------------------------------
| Property, plant and equipment                     |          6 |           5 |
--------------------------------------------------------------------------------
| Investments                                       |            |             |
--------------------------------------------------------------------------------
|   Shares and participations in Group companies    |      2,370 |       3,157 |
--------------------------------------------------------------------------------
|   Other shares and participations                 |      2,297 |         456 |
--------------------------------------------------------------------------------
|   Other receivables and investments               |      2,528 |         158 |
--------------------------------------------------------------------------------
| Receivables                                       |         60 |          94 |
--------------------------------------------------------------------------------
| Cash and cash equivalents                         |        118 |         623 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| TOTAL ASSETS                                      |      7,381 |       4,516 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| LIABILITIES                                       |            |             |
--------------------------------------------------------------------------------
| Equity                                            |            |             |
--------------------------------------------------------------------------------
| Share capital                                     |         98 |          95 |
--------------------------------------------------------------------------------
| Share premium account                             |      1,160 |       1,157 |
--------------------------------------------------------------------------------
| Legal reserve                                     |        366 |         366 |
--------------------------------------------------------------------------------
| Fair value reserve                                |        132 |          20 |
--------------------------------------------------------------------------------
| Other reserves                                    |        273 |         273 |
--------------------------------------------------------------------------------
| Retained earnings                                 |        892 |         188 |
--------------------------------------------------------------------------------
| Profit for the year                               |      3,730 |       1,391 |
--------------------------------------------------------------------------------
| Total equity                                      |      6,651 |       3,490 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Liabilities                                       |            |             |
--------------------------------------------------------------------------------
| Long-term                                         |        587 |         671 |
--------------------------------------------------------------------------------
| Short-term                                        |        142 |         355 |
--------------------------------------------------------------------------------
| Total liabilities                                 |        729 |       1,026 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| TOTAL LIABILITIES                                 |      7,381 |       4,516 |
--------------------------------------------------------------------------------

03q2007eng.pdf