March 5, 2015 / 1:43 PM / in 3 years

Sun Life forecasts medium-term annual profit growth of 8-10 percent

(Reuters) - Canadian insurer Sun Life Financial Inc SLF.TO SLF.N said it expects annual medium-term earnings growth of 8 percent to 10 percent on a per share basis.

A Sun Life Financial sign is seen outside of their building before their annual general meeting for shareholders in Toronto May 7, 2014. REUTERS/Mark Blinch

Sun Life, which is hosting an investor day event on Thursday, said its expects dividend payout ratio to be between 40 percent and 50 percent in the medium term.

Reporting by John Tilak and Sneha Banerjee in Bengaluru; Editing by Saumyadeb Chakrabarty

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