Canada's Sun Life rises after Q3 profit beats estimates

Sun Life Financial

05/11/2024 14:54

** Canadian insurer Sun Life's  SLF.TO  shares rise ~3.5% to
C$80.16 in morning trading 
    ** SLF after market on Monday reported Q3 profit that beat
estimates, benefiting from robust growth in its domestic and
U.S. businesses
    ** Co posted underlying Q3 profit of C$1.76 per share,
comfortably topping expectations of C$1.70 per share, according
to estimates compiled by LSEG
    ** SLF's assets under management increased 13% in the
quarter to C$1.52 trillion ($1.10 trillion)
    ** Underlying earnings in SLF's U.S. business jumped 18% in
Q3, while its Canada unit posted growth of 11% 
    ** As of last close, SLF was up ~12.7% YTD 

    
($1 = 1.3880 Canadian dollars)

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com))