Sampo Oyj (OTCPK:SAXPF)

$ 43.251 0.2332 (0.54%) Market Cap: 23.31 Bil Enterprise Value: 24.79 Bil PE Ratio: 14.97 PB Ratio: 3.19 GF Score: 72/100

Sampo plc IFRS 17 Update Transcript

Dec 01, 2022 / 09:00AM GMT

Release Date Price: $45.37

Transcript

Sami Taipalus

Sampo Oyj - Head of IR

Good morning, everyone, and welcome to this Sampo Group update on IFRS 17 and IFRS 9. My name is Sami Taipalus, and I'm the Head of Investor Relations at Sampo. On the agenda today, we have first a presentation from Group CFO, Knut-Arne Alsaker, which will take about 20 minutes. After the presentation, we will have a Q&A session, where we will be joined by CFO of If P&C, Mans Edsman as well. We have 1 hour in total for the call today. So we will be finishing at 12:00 Finnish time at the latest. A recording of the call will later be available on sampo.com.

With that, I hand over to you, Knut-Arne.

Knut;Arne Alsaker

Sampo Oyj - CFO & Member of Group Executive Committee

On my behalf as well, good morning, and welcome to our update regarding implications to Sampo of the new accounting standards, IFRS 17 as well as IFRS 9. The 2 new accounting standards, which will come into effect now on 1st of January, are for Sampo just that, 2 new accounting standards. They will not impact the way we

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