Earnings ·
Sun Life raises quarterly dividend to $1.00 per share as Q3 underlying EPS rises 10%
SLFSun Life Financial Inc
Sun Life Financial Inc. reported third-quarter underlying net income of $1,146 million, a 9% increase from the prior year, driven by strong business growth across Canada, Asia, and U.S. stop-loss segments, alongside higher fee-related earnings in GreenOak. Underlying diluted EPS rose 10% to $2.05, while reported net income decreased 29% to $785 million due to unfavorable interest rate impacts and acquisition charges. The company also announced an increase in its common share dividend from $0.96 to $1.00 per share. Sun Life Financial Inc. operates as a leading international financial services organization providing asset management, wealth, insurance, and health solutions.