Canadian insurer Sun Life's profit rises

Wed Aug 5, 2015 5:25pm EDT
 
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(Reuters) - Canadian insurer Sun Life Financial Inc SLF.TO reported a higher quarterly profit, driven by growth in all of its businesses.

The Toronto-based company's operating net income rose to C$731 million ($554.8 million), or C$1.19 per share, in the quarter from C$488 million, or 80 Canadian cents per share, a year earlier.

Underlying profit rose to C$1 per share from 81 Canadian cents.

(Reporting by Kanika Sikka in Bengaluru; Editing by Sriraj Kalluvila)

 
A general view of the Sun Life Financial building is seen in Toronto May 6, 2015. REUTERS/Fred Thornhill