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Sun Life Financial (SLF) Tops Q4 EPS by 45c, Revenues Beat

February 12, 2020 5:02 PM

Sun Life Financial (NYSE: SLF) reported Q4 EPS of $1.34, $0.45 better than the analyst estimate of $0.89. Revenue for the quarter came in at $6.64 billion versus the consensus estimate of $6.38 billion.

"In 2019, we exceeded $3 billion of underlying net income and achieved underlying EPS of $5.16, underlying return on equity of 14.3% and dividend growth of 10%," said Dean Connor, President and CEO of Sun Life.

"We completed our acquisition of a majority stake in BentallGreenOak and announced our intention to acquire a majority stake in InfraRed Capital Partners, broadening SLC Management's suite of alternative investment solutions within global real estate and infrastructure equity markets," added Connor. "We also continued to make steady progress on distribution in Asia with two new bancassurance agreements in Vietnam and Indonesia, and now have mobile apps in all seven of our local markets, giving our Clients increased access to products and solutions. The strength of our investment capabilities is highlighted by the achievement of a key milestone, surpassing $1 trillion in assets under management in 2019."

For earnings history and earnings-related data on Sun Life Financial (SLF) click here.

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