November 6, 2014 / 4:33 PM / 3 years ago

Sun Life CFO says will be active with buy back program

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.Mark Blinch (CANADA - Tags: BUSINESS) - RTR3O5AC

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below