Through the listing, the company also seeks to boost its share’s liquidity in Sweden.
Magnusson said: “This is an opportunity for Swedish domestic funds to invest in us, and gives us access to a liquid market.”
According to him, though Sweden is Sampo’s key market, only over 5% of the insurance group’s investors are based in the country.
The firm is expected to take a call on the Stockholm listing by 2022 end.
The CEO said that the decision will not affect the total number of shares.
Meanwhile, he dismissed speculations over shifting the company’s headquarters from Helsinki to Stockholm.
“We’re not contemplating moving, it’s a very Finnish company which has been incorporated in Finland since inception,” Magnusson confirmed.
Earlier this year, Sampo sold its entire stake in Finland’s Nordea Bank, following its decision to shift focus to the insurance segment.
According to Magnusson, the Nordic insurance sector has seen “significant consolidation” in recent decades.
At present Sampo’s share price is up 7% year to date following soaring global interest rates. In December last year, Sampo finalised a deal with Rand Merchant Investment (RMI) to take sole ownership of UK property and casualty insurer Hastings.