Finnish insurer Sampo’s quarterly earnings beat forecasts

2022.05.04 10:01

FILE PHOTO: Sampo Group logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) – Finnish insurer Sampo on Wednesday reported a smaller-than-expected drop in quarterly earnings, boosted by continuous good performance of it’s main subsidiary If and gains from selling stake and dividends from Nordea bank.

Sampo’s January-March pretax profit fell 10% to 566 million euros ($595.26 million), beating the 476.5 million euro mean estimate in a company provided poll.

($1 = 0.9508 euros)

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