Sampo posted a profit before tax of €416m, down 15% yoy. ROE stood at 7.1% vs. 24.8% a year before. P&C’s pre-tax profit increased by 8% to €216m and it achieved its best-ever Q1 combined ratio of 83%. Net premiums reached €1,518m in Q1 16, down 3% year-on-year and net income from investments declined by 54% to €36m. This was offset by lower claims (-10% to €643m) and controlled staff costs (-5% to €127m). The contribution of Topdanmark’s net prof
11 May 2016
Confirmed fragility
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Confirmed fragility
Sampo posted a profit before tax of €416m, down 15% yoy. ROE stood at 7.1% vs. 24.8% a year before. P&C’s pre-tax profit increased by 8% to €216m and it achieved its best-ever Q1 combined ratio of 83%. Net premiums reached €1,518m in Q1 16, down 3% year-on-year and net income from investments declined by 54% to €36m. This was offset by lower claims (-10% to €643m) and controlled staff costs (-5% to €127m). The contribution of Topdanmark’s net prof