About the company

Mandatum is a renowned financial group. To its customers and owners, it is more than the sum of its parts. 

About the company

Mandatum is a renowned financial group. To its customers and owners, it is more than the sum of its parts. 

Mandatum is a solvent and respected financial services provider and part of the Nordic insurance group Sampo. Mandatum’s mission is to create added value for customers, personnel and society, and to grow shareholder value for Sampo Group.

Mandatum combines special expertise in money and life and offers customers a wide array of services covering asset and wealth management, savings and investment, compensation and rewards, pension plans and personal risk insurance.

Mandatum Group consists of two business areas: life insurance and asset management. Mandatum Life (Mandatum Life Insurance Company Limited) offers services in wealth management, rewards and compensation, retirement plans and personal insurance to private and corporate customers. Mandatum Asset Management is an investment firm, which combines fund business, discretionary and consultative wealth management, and asset management services for the Sampo Group.


Mandatum Group's key figures 2022

Result before taxes EUR 202 million (247)

Customer assets under management EUR 10.3 billion (11.1)

Solvency ratio 266% (192)

Average number of staff 663 (638)

Private customers 330,000

Corporate and institutional customers 20,000


Mandatum strategic review: The Board of Sampo plc proposes a demerger

On 7 December 2022, the Board of Directors of Sampo plc announced a strategic review of Mandatum’s role within the Group. Following an assessment of options, the Board has resolved to propose a partial demerger of Sampo plc to separate Mandatum from the Sampo Group.

Sampo Plc’s Stock Exchange Release, 29 Mar 2023: Mandatum strategic review: The Board of Sampo plc proposes a demerger | Sampo.com

All the published materials regarding the demerger can be found at www.sampo.com/demerger. All the future materials will be added to this page as well.

Mandatum Group’s organisational structure

Mandatum organisaatiokaavio en.png

Learn more about Mandatum Group’s subsidiaries »

Learn more about Sampo Group's organisation »

Sampo Group’s financial information

Mandatum Group’s parent company Mandatum Holding Ltd is a wholly-owned subsidiary of Sampo plc. Sampo plc is listed in Nasdaq Helsinki and is Sampo Group’s parent company.

Sampo Group’s financial reporting is available on Sampo’s website. Sampo annually publishes two interim statements, a half-year report and its financial statement release. In addition, Sampo annually releases other reports in compliance with Finnish legislation and regulations.

Read more on Sampo plc’s website:

Sampo Group 
Financial reporting 
Annual reporting for 2021 
Sampo’s annual report archive 

Mandatum's reports: 

Mandatum Group's Annual Report 2021
Mandatum Asset Management’s Annual Report 2021
Mandatum Life Annual Report 2021

Mandatum Group's Corporate Responsibility Report 2021

Solvency and Financial Condition Reports:
2021 »
2020 »
2019 »
2018 »
2017 »

Vision and values

Mandatum is a renowned financial group, which is more than the sum of its parts.

Mandatum Group’s task is to create added value for its stakeholders by combining special expertise in money and life.

The company’s values:

  • Benefit the customer
  • As one team
  • By far the most active
  • Dares to be different
  • Straight talk
  • We strive to win

We also comply with Sampo Group’s values: ethics, loyalty, transparency and entrepreneurship. 

Corporate governance

Mandatum complies with good governance based on legislation governing the insurance and financial industry and the regulations and guidelines issued by the Finnish Financial Supervisory Authority. As part of Sampo Group, we comply with the Corporate Governance Code maintained by the Securities Market Association.

Read more about Sampo Group’s governance »

Mandatum’s risk management

Mandatum complies with risk management principles appropriate for each company’s operations in compliance with the applicable legislation. In addition, Mandatum follows the risk management principles defined by the Sampo Group, which also take into account the characteristics of a life insurance company that apply to Mandatum Group.

Read more about Mandatum Life’s risk management in our Annual Report »


An independent second line Compliance function is part of Mandatum’s governance and risk management system and internal control. The Compliance unit supports Mandatum’s boards of directors and management, ensuring that Mandatum Group companies have the internal guidelines, processes, resources and tools they need to comply with binding laws, regulations and guidelines. The Compliance function is also involved in identifying the organization’s risks by assessing the Compliance risks.

Internal Audit

Mandatum’s Internal Audit is carried out independently of the company’s business operations. Its mandate is to objectively assess and ensure the organisation’s activities. The objective of the Internal Audit is to bring added value to the organisation and to improve its activities. Mandatum’s Board of Directors annually approves the company’s Internal Audit action plan.

Mandatum’s Internal Audit is part of the Sampo Group’s Internal Audit. The Sampo Group’s Internal Audit is overseen by the Chief Audit Executive (CAE), who reports to the Group’s CEO and Executive Committee and to the Board’s Audit Committee.

Sampo Group’s Internal Audit »

Engagement principles

Mandatum Life's main partner in asset management operations is Mandatum Asset Management Oy (MAM), to which Mandatum Life has outsourced the management of its investment activities. MAM provides Mandatum Life with asset management services within the meaning of Chapter 1, Section 15.4 of the Investment Services Act.

MAM publishes on its website the engagement principles that also apply when managing the assets of Mandatum Life.

You can also find the latest published voting information on Mandatum Asset Management's website »

Handling conflicts of interest 

Mandatum Group has a Code of Conduct to avoid and manage conflicts of interest. A conflict of interest is an exceptional situation linked to offering insurance, investment or ancillary services that arises, for example, between the client and service provider and which can involve a risk to the client’s interests.

Read more about handling conflicts of interest in Mandatum Group »


Mandatum’s corporate responsibility is based on the cornerstones of its operations: increasing and securing the financial welfare of customers and safeguarding against risks.

Read more about Mandatum Life’s corporate responsibility

Business partners

In addition to the company’s own customer service and Web Service, Mandatum serves its customers through its sister company If P&C Insurance Company and Danske Bank.

Mandatum co-operates closely with Kaleva Mutual Insurance Company. Kaleva’s group life and accident insurance policies are sold through If to members of trade organisations that have entered into a co-operation agreement.

Mandatum also co-operates with Nordea and Varma Mutual Pension Insurance Company.

Management and Board of Directors