TORONTO, Aug 3 (Reuters) - Sun Life Financial SLF.TO said on Wednesday its second-quarter profit rose sharply, due to stronger insurance sales and investment performance.
Canada’s No. 3 insurer said it earned a net C$408 million ($425 million), or 68 Canadian cents a share, in the quarter ended June 30. That compared with a profit of C$72 million, or 13 Canadian cents a share, in the year-before period.
Analysts polled by Thomson Reuters I/B/E/S had expected, on average, a profit of 54 Canadian cents a share.
$1=$0.96 Canadian Reporting by Cameron French; editing by Peter Galloway