Earnings ·
Sun Life raises Q3 dividend to $1.00 per share as underlying EPS grows 10%
SLFSun Life Financial Inc
Sun Life reported third-quarter underlying net income of $1,146 million, a 9% increase from the prior year, driven by growth in Canada, Asia, and U.S. stop loss businesses. Underlying earnings per share rose 10% to $2.05, while reported net income declined 29% to $785 million due to unfavorable interest rate impacts and acquisition charges. The company announced an increase in its common share dividend from $0.96 to $1.00 per share. Assets under management reached $1,676 billion. Sun Life operates as a leading international financial services organization providing asset management, wealth, insurance, and health solutions.