Finnish insurer Sampo's Q4 profit beats forecasts
09/02/2022 07:47
HELSINKI, Feb 9 (Reuters) - Finnish financial group Sampo
SAMPO.HE on Wednesday reported a bigger-than-expected rise in
fourth-quarter pretax profit boosted by strong performance of
its core insurance operations.
The pan-Nordic insurer reported a pretax profit of 1.2
billion euros ($1.37 billion) for the quarter, compared with a
loss of 675 million a year ago, beating the 998 million euro
average estimate in a poll provided by the company.
October-December profit before taxes amounted to 452 million
euros excluding one-offs from Sampo significantly reducing its
holding in pan-Nordic bank Nordea NDAFI.HE to focus on the
insurance business. urn:newsml:reuters.com:*:nL1N2KU0KC
($1 = 0.8763 euros)
(Reporting by Anne Kauranen, Editing by Louise Heavens)
((anne.kauranen@thomsonreuters.com; +358401895560;))