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BRIEF-Finland's Sampo Q1 profit above expectations
May 11, 2017 / 6:42 AM / 3 months ago

BRIEF-Finland's Sampo Q1 profit above expectations

May 11 (Reuters) - Sampo Oyj

* Q1 pretax profit 430 million euros ($468 million), versus 415 million in Reuters poll

* Q1 P&C insurance combined ratio 87.4 percent versus 87.7 percent in poll

* says group's business areas are expected to report good operating results for 2017

* says P&C insurance operations are expected to reach a combined ratio of 87-90 percent for full-year 2017

* Says mark-to-market results are, particularly in life insurance, highly dependent on capital market developments

* Says continuing low interest rate level also creates a challenging environment for reinvestment in fixed income instruments Source text for Eikon: Further company coverage: ($1 = 0.9195 euros) (Helsinki Newsroom)

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