November 6, 2019 / 10:23 PM / 9 days ago

Canada's Sun Life reports 10.8% rise in underlying net profit

(Reuters) - Canadian insurer Sun Life Financial Inc (SLF.TO) posted a 10.8% rise in underlying quarterly profit, helped by growth in insurance sales in its Asia unit and asset management business.

The company’s underlying net income rose to C$809 million ($613.7 million), or C$1.37 per share, in the third quarter ended Sept. 30, from C$730 million, or C$1.20 per share, a year earlier.

Reporting by Bharath Manjesh in Bengaluru; Editing by Shailesh Kuber

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