Finnish insurer Sampo reports 4% Q4 profit rise [Reuters (UK)]
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Source: Reuters
Finnish insurer Sampo reports 4% Q4 profit rise - Reuters 1 Min Read HELSINKI, Feb 6 (Reuters) - Finnish financial group Sampo reported a 4% rise in fourth-quarter pretax profit on Thursday, citing good performance in its insurance business but “lower for longer” interest rates and some headwinds for lender Nordea. The pan-Nordics insurer, which owns 19.9% of Nordea, reported a pretax profit of 468 million euros ($515 million) versus the 470.8 million forecast by analysts, Refinitiv Eikon data showed. Its board of directors approved a new dividend policy in which total annual dividends will represent at least 70% of the group’s net profit for the year, excluding extraordinary items, up from 50% in its previous policy. $1 = 0.9088 euros) (Reporting by Anne Kauranen; editing by Jason Neely) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2020 Reuters. All Rights Reserved.
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