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Sun Life quarterly profit beats estimates on business, assets growth

Published 08/04/2021, 05:39 PM
Updated 08/04/2021, 05:40 PM
© Reuters. FILE PHOTO: 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

TORONTO (Reuters) - Sun Life Financial (NYSE:SLF), 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.

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)

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