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Insurer Sun Life Financial SLF-T on Wednesday reported an over 4 per cent jump in quarterly profit that was in line with market estimates, helped by strong growth in assets under management.

Canada’s second-largest life insurer reported an underlying profit of $898 million, or $1.53 per share, for the three months ended Dec. 31, compared with $862 million, or $1.47 per share, a year earlier.

Analysts on average had expected a profit of $1.52 per share, according to IBES data from Refinitiv.

Reported net income attributable to shareholders climbed to $1.08 billion, from $744 million a year earlier.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 28/03/24 4:00pm EDT.

SymbolName% changeLast
SLF-T
Sun Life Financial Inc
+0.15%73.91

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