Sun Life profit rises on strength in Canada, US [Yahoo! Finance Canada]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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Source: Yahoo! Finance Canada
Underlying earnings from Sun Life's Canada business rose 11% in the quarter, while U.S. business saw an 18% jump. Meanwhile, Sun Life's wealth and asset management posted underlying earnings of C$474 million, a 4% rise from prior year, driven by higher fee income. The company's underlying net income was C$1.02 billion ($733.76 million), or C$1.76 per share, in the three months ended Sept. 30, compared with C$930 million, or C$1.59 per share, a year earlier. Bigger rival Manulife Financial is slated to report its results on Wednesday. ($1 = 1.3901 Canadian dollars) (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Maju Samuel) Recommended Stories
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