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Stock impact report

Sun Life Financial’s profit misses estimates, hurt by weak growth in the U.S. [Financial Post (Toronto, Ontario, Canada)]

Sun Life Financial Inc. (SLF) 
Last sun life financial inc. earnings: 2/12 05:01 pm Check Earnings Report
Company Research Source: Financial Post
Sun Life Financial’s profit misses estimates, hurt by weak growth in the U.S. Insurer Sun Life Financial Inc reported a smaller-than-expected profit on Tuesday, hurt by weak growth in its U.S market. Canada’s third-biggest life insurer by assets said its underlying net income fell to $573 million, or 93 Canadian per share, in the first quarter ended March 31, from $582 million, or 95 Canadian cents per share, a year earlier. Underlying net income excludes the impact of interest rate and equity market movements. Analysts on average had expected earnings of 99 Canadian cents per share, according to Thomson Reuters I/B/E/S. Underlying net income in the U.S slumped 28.4 per cent to $58 million, while the measure in its Canadian business, its biggest unit, jumped 5 per cent to $229 million, the company said. The company’s total life and health sales rose to $772 million from $488 million, while wealth sales stood at $37.6 billion, up from $33.2 billion. Sun Life’s total assets under manage Show less Read more
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