Sun Life Financial Inc. says its net income increased 73 per cent to $900 million in its latest quarter on market-related improvements particularly from higher interest rates
The Toronto-based insurer reported after markets closed Wednesday that its profit in the second quarter amounted to $1.53 per share, up from 88 cents per share or $519 million a year earlier.
Analysts on average expected Sun Life to post $1.47 per share in adjusted profits, according to financial data firm Refinitiv. Strain is succeeding Dean Connor, who retires Friday as CEO after 15 years with Sun Life, including 10 years as chief executive.
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