Canada's Sun Life raises some premiums, highlighting rate-cut challenges for insurers [Reuters]
Sun Life Financial Inc. (SLF)
Last sun life financial inc. earnings: 2/12 05:01 pm
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Source: Reuters
Canada's Sun Life raises some premiums, highlighting rate-cut challenges for insurers TORONTO, April 20 (Reuters) - Canada’s second-biggest life insurer, Sun Life Financial Inc, raised premium rates on some life insurance and critical illness policies by up to 27% for new applicants on Monday, to help offset the hit from decade-low interest rates in Canada. The move highlights the hit to the sector from a slide in the benchmark interest rate to 0.25% and economic uncertainties from the COVID-19 pandemic. Insurers around the world are facing higher payouts on business and life insurance policies due to the outbreak, while market volatility and plunging yields threaten investment losses, limiting their ability to make the payments. Sun Life has not raised rates for less interest-sensitive products in this round of adjustments, and the change is not related to “current or anticipated claims experience,” Vineet Kochhar, senior vice-president for insurance solutions, said by email. A spoke
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SLF
News
- CANADA STOCKS-TSX ends lower after notching record intraday high; up 1.7% on week [Yahoo! Finance]Yahoo! Finance
- Sun Life announces election of directorsPR Newswire
- Sun Life (SLF) Q1 Earnings Miss Estimates, Dividend Hiked [Yahoo! Finance]Yahoo! Finance
- Sun Life posts first-quarter net income of $875 million [Investment Executive - News]Investment Executive - News
- CANADA STOCKS-TSX futures rise on commodities strength [Yahoo! Finance]Yahoo! Finance
SLF
Earnings
- 5/9/24 - Beat
SLF
Sec Filings
- 5/10/24 - Form 6-K
- 5/10/24 - Form 6-K
- 5/10/24 - Form 6-K
- SLF's page on the SEC website