Sampo posted a Q4 16 profit before tax of €528m, up 23.8% yoy and bringing FY 16 profits to €1,871m (-0.9% yoy). ROE stood at 15% vs. 14% a year before. By business area, P&C posted a pre-tax profit up 9.3% to €223m in Q4 but an annual decrease of 8% to €883m. The combined ratio stood at 84.4% in 2016 vs. 85.4% a year before. Net premiums reached €4,292m in FY 16 down 1.9% yoy, with stable Q4 sales at €883m. FY 16 net income from investments declined by 43% t
13 Feb 2017
A reassuring Q4 16 but challenges to be met in 2017
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A reassuring Q4 16 but challenges to be met in 2017
Sampo posted a Q4 16 profit before tax of €528m, up 23.8% yoy and bringing FY 16 profits to €1,871m (-0.9% yoy). ROE stood at 15% vs. 14% a year before. By business area, P&C posted a pre-tax profit up 9.3% to €223m in Q4 but an annual decrease of 8% to €883m. The combined ratio stood at 84.4% in 2016 vs. 85.4% a year before. Net premiums reached €4,292m in FY 16 down 1.9% yoy, with stable Q4 sales at €883m. FY 16 net income from investments declined by 43% t