Sun Life CFO says will be active with buy back program

Thu Nov 6, 2014 3:32pm EST
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TORONTO (Reuters) - Sun Life Financial Inc, Canada's No. 3 insurer, intends to be active with the share buy back plan it unveiled with its third-quarter earnings, its chief financial office said on Thursday.

"We intend to be active with it, absolutely," Chief Financial Officer Colm Freyne told analysts on a conference call.

Sun Life said on Wednesday its board had authorized the purchase of up to 9 million common shares through a normal course issuer bid.

(Reporting by Jeffrey Hodgson)

A Sun Life Financial sign is seen outside of their building before their annual general meeting for shareholders in Toronto May 7, 2014. Sun Life Financial, Canada's No. 3 life insurer, said on Tuesday its first-quarter net income fell 22 percent due to the impact of last year's sale of its U.S. annuities business as well as financial markets losses.   REUTERS/Mark Blinch (CANADA - Tags: BUSINESS) - RTR3O5AC