Canada's Sun Life Q3 adjusted EPS beats estimates
SLF•Sun Life reported third-quarter adjusted EPS of C$2.05, above the C$2.02 estimate, while net income was C$785 million. It raised its quarterly dividend to C$1.00 per share from C$0.96.
SLF•SLF•SLF•Sun Life reported third-quarter adjusted EPS of C$2.05, above the C$2.02 estimate, while net income was C$785 million. It raised its quarterly dividend to C$1.00 per share from C$0.96.
Sun Life's third-quarter adjusted EPS was C$2.05, compared with analyst expectations of C$2.02. Reported EPS was C$1.40, net income was C$785 million, adjusted return on equity was 19%, and return on equity was 13%.
The company raised its quarterly dividend to C$1.00 per share from C$0.96. GreenOak fee-related earnings rose 39%, driven by the Bell Partners acquisition and lower compensation expenses, partly offset by lower net seed investment income. US underlying net income increased on strong medical stop-loss results, double-digit premium growth and improved morbidity experience.
