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Finland's Sampo posts results, dividend above expectations
February 8, 2017 / 7:48 AM / 7 months ago

Finland's Sampo posts results, dividend above expectations

HELSINKI, Feb 8 (Reuters) - Finnish financial holding group Sampo on Wednesday proposed a larger-than-expected annual dividend and reported quarterly profits above forecasts on the back of strong performance at its property and casualty (P&C) insurance unit.

Sampo, the owner of the Nordic region’s largest P&C insurer If as well as a stake of fifth in Nordea, proposed a dividend of 2.30 euros per share, up from 2.15 euros a year earlier and above analysts’ average forecast of 2.26 euros in a Reuters poll.

Fourth-quarter pretax profit rose 28 percent from a year ago to 528 million euros ($563 million), beating the market consensus of 476 million euros. ($1 = 0.9379 euros) (Reporting by Tuomas Forsell, editing by Jussi Rosendahl)

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