Sun Life falls on fourth-quarter profit miss

Sun Life Financial

13/02/2025 15:01

** Shares of Canada's second-largest life insurer Sun Life
Financial  SLF.TO  fall over 7.2% to C$78.5
    ** Weakness in co's U.S. business offset gains in Asian
markets
    ** Co reported fourth-quarter profit of C$1.68 ($1.17) per
share, missing analysts' estimates of C$1.78 per share - data
compiled by LSEG
    ** U.S. group sales fell 11% to $830 mln from a year ago on
lower dental, employee benefits, and medical stop-loss sales
    ** Asia net income rose 22% to $175 mln from last year
    ** Nine of 14 brokerages rate the stock "buy" or higher, and
5 "hold"; their median PT is $93.5 - LSEG data
    ** Stock rose nearly 24.2% in 2024

 (Reporting by Ateev Bhandari in Bengaluru)
 ((Ateev.Bhandari@thomsonreuters.com;))