Sampo repoted H1 18 profit before tax of €708m, up 63% yoy. The figures were boosted by the contribution from the cooperation agreement with Danske Bank which amounted to €197m. P&C’s pre-tax profit increased by 3% to €415m (up 1% to €222m in the Q2) and it achieved a good combined ratio of 85.8%. The contributions of Topdanmark and Nordea to earnings amounted to €105m and €388m, respectively. We will adjust our estimates to integrate the higher Life bu
08 Aug 2018
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Always solid
Sampo repoted H1 18 profit before tax of €708m, up 63% yoy. The figures were boosted by the contribution from the cooperation agreement with Danske Bank which amounted to €197m. P&C’s pre-tax profit increased by 3% to €415m (up 1% to €222m in the Q2) and it achieved a good combined ratio of 85.8%. The contributions of Topdanmark and Nordea to earnings amounted to €105m and €388m, respectively. We will adjust our estimates to integrate the higher Life bu