Sun Life Financial (SLF) Tops Q2 EPS by 31c
Sun Life Financial (NYSE: SLF) reported Q2 EPS of $1.20, $0.31 better than the analyst estimate of $0.89.
"In the second quarter we delivered strong underlying net income of $729 million, return on equity at the top of our target range, and maintained our strong capital position," said Dean Connor, President and CEO, Sun Life Financial. "We also achieved a significant milestone this quarter in our industry-leading Group Retirement Services business in SLF Canada, achieving $100 billion of assets under administration."
"We continued to invest in digital to help Clients live healthier lives," said Connor. "In SLF Canada, we expanded our provider search directory to include comparative cost information, in addition to locations and ratings, for more than 80,000 health care providers. In the U.S., we advanced our Group Benefits strategy by acquiring Maxwell Health, an innovative insurtech business that makes employee benefits enrollment and HR administration simple. In Malaysia we launched SunActiv, a wellness mobile app that rewards Clients for staying healthy and active, and helps them find and book appointments with health care professionals."
For earnings history and earnings-related data on Sun Life Financial (SLF) click here.
