Reuters: Financial Services and Real Estate: Sampo earnings slip but profitability ratio rises

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Sampo earnings slip but profitability ratio rises May 8th 2012, 06:56 HELSINKI | Tue May 8, 2012 2:56am EDT HELSINKI May 8 (Reuters) - Finnish insurer Sampo reported a 6 percent fall in quarterly pretax profit due to lower investment income, but its overall profitability ratio improved and the company forecast good results for 2012. Sampo said its first-quarter profit before taxes fell to 363 million euros ($473.68 million) from 387 million a year earlier, slightly weaker than the average forecast of 379 million in a Reuters poll. The group's property and casualty insurance combined ratio - a measure of profitability - improved to 92.4 percent from 94.4 percent a year earlier, in line with analysts' forecasts. ($1 = 0.7663 euros) (Reporting by Helsinki Newsroom)

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