November 9, 2016 / 10:22 PM / in 9 months

Canada's Sun Life Financial reports 21 pct jump in profit

Nov 9 (Reuters) - Sun Life Financial Inc , Canada's third-largest insurer by assets, reported a 21 percent jump in quarterly underlying profit, helped by strong growth in the United States and Canada.

The company's underlying net income rose to C$639 million ($476.2 million), or C$1.04 per share, in the third quarter ended Sept. 30 from C$528 million, or 86 Canadian cents per share, a year earlier.

Sun Life said on Wednesday net income rose 53 percent to C$737 million, or C$1.20 per share.

The insurer also raised its quarterly dividend by 4 percent to 42 Canadian cents per share. ($1 = 1.3418 Canadian dollars) (Reporting by Nikhil Subba in Bengaluru; Editing by Sriraj Kalluvila)

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