“Simply a good quarter” says Sampo boss Stadigh
FINLAND-based composite Sampo has reported a pre-tax profit of €1.17bn ($1.49bn) for the first nine months of the year, up from €906m in the same period last year. Non-life business contributed €648m, up from €465m, while Nordea, in which Sampo holds a minority stake but which is now included in the main figures rather than as an investment, contributed €466m, up from €373m. Income from life business declined to €98m from €107m.