News article, 9 February 2011
Stable results for If P&C Insurance
If P&C Insurance continues to deliver stable results. The technical result for 2010 was 4 284 MSEK compared to 5 184 MSEK for 2009. Combined ratio was 92.8 percent (92.1 percent) for the full year.
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- If delivers stable results for 2010, despite unusually many large claims and tough weather conditions throughout the year with lots of snow, heavy rains and storms. An important reason for the stability is Ifs geographical spread and the breadth of our product portfolio, that offers clear advantages in situations like these, says Torbjörn Magnusson, CEO of If.
The operating result before tax was 6 800 MSEK (6 901 MSEK) for 2010.
If P&C Holding is a part of Sampo Plc. Sampo Group’s profit before taxes was 361 MEuro (199) for October-December 2010. Earnings per share was 0,54 euro (0,26 euro) in the fourth quarter.
