Earnings Insurer Sun Life Financial
increase
On Wednesday reported an over 4 per cent jump in quarterly profit that was in line with market estimates, helped by strong growth in assets under management. Canada’s second-largest life insurer reported an underlying profit of $898 million, or $1.53 per share, for the three months ended Dec. 31, compared with $862 million, or $1.47 per share, a year earlier.
Analysts on average had expected a profit of $1.52 per share, according to IBES data from Refinitiv.
Reported net income attributable to shareholders climbed to $1.08 billion, from $744 million a year earlier.