Sun Life Financial sees third-quarter earnings rise to $1.35 billion

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TORONTO - Sun Life Financial Inc. says it earned $1.35 billion in the third quarter.

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Hey there, time traveller!
This article was published 04/11/2024 (664 days ago), so information in it may no longer be current.

TORONTO – Sun Life Financial Inc. says it earned $1.35 billion in the third quarter.

That’s up from $871 million during the same quarter last year.

The insurance company says diluted earnings per share were $2.33, up from $1.48 during the third quarter of 2023.

Sun Life Financial Inc. logo is shown at the company's annual general meeting in Toronto on May 6, 2015. THE CANADIAN PRESS/Chris Young
Sun Life Financial Inc. logo is shown at the company's annual general meeting in Toronto on May 6, 2015. THE CANADIAN PRESS/Chris Young

Sun Life says underlying net income for the quarter was $1.02 billion, up from $930 million a year earlier.

The company says the higher income was driven by strong business growth in group and individual benefits as well as higher fee income in several areas.

Sun Life increased its dividend by three cents to 84 cents per common share.

This report by The Canadian Press was first published Nov. 4, 2024.

Companies in this story: (TSX:SLF)

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