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Sun Life quarterly profit beats estimates
on business, assets growth
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[August 05, 2021]
TORONTO (Reuters) - Sun Life Financial, Canada's
second-largest life insurer, on Wednesday beat analysts' estimates for
quarterly core profit, which rose on business and asset growth in its
funds management business. |
The Sun Life Financial logo is seen at their corporate headquarters of
One York Street in Toronto, Ontario, Canada, February 11, 2019.
REUTERS/Chris Helgren |
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Underlying profit increased to C$883 million ($704.37 million),
or C$1.50 a share, in the quarter ended June 30, from C$739
million, or C$1.26, a year earlier. Analysts had expected
C$1.47.
($1 = 1.2536 Canadian dollars)
(Reporting by Nichola Saminather; Editing by Richard Chang)
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