August 7, 2019 / 6:44 AM / 17 days ago

Sampo Q2 pre-tax profit drops 29%, beats forecasts

(Adds details)

OSLO, Aug 7 (Reuters) - Financial group Sampo posted a smaller than expected drop in second-quarter earnings on Wednesday and said its largest insurance unit would be more profitable this year than previously anticipated.

The pan-Nordic insurance company and top shareholder in regional bank Nordea reported a 29% fall in pretax profit to 506 million euros ($566.87 million), exceeding the forecast of 492 million euros in a Refinitiv poll. ($1 = 0.8926 euros) (Reporting by Terje Solsvik, editing by Louise Heavens)

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