(Reuters) – Finnish insurer Sampo on Wednesday reported a smaller-than-expected drop in quarterly earnings, boosted by continuous good performance of it’s main subsidiary If and gains from selling stake and dividends from Nordea bank.

Sampo’s January/March pretax profit dropped 10% to 566million euros ($595.26 millions), which is lower than the average estimate of 476.5 million Euros in an industry poll.

($1 = 0.9508 euros)