Provided by Dow Jones By Maria Armental Sun Life Financial Inc. reported higher profit for the fourth quarter. Here s what you need to know: PROFIT: Net income for the quarter rose to C$744 million from C$719 million a year earlier. On a per-share basis, profit rose to C$1.27, or C$1.47 as adjusted. Analysts surveyed by FactSet expected C$1.39 a share. YEAR: The company ended the year at a profit of C$2.4 billion, down from C$2.62 billion a year earlier. AUM: The company ended the year with C$1.247 trillion in assets under management, up from C$1.099 trillion a year earlier. CEO: The acceleration of everything digital, from how we advise Clients, sell solutions and pay claims, will be a lasting benefit beyond this year, Chief Executive Dean Connor said in a statement, pointing to the launch of Lumino Health Virtual Care for Clients in Canada, a 6% U.S. sales increase, and the use of virtual planning and sales experiences across our Asian m
By Maria Armental Sun Life Financial Inc. reported higher profit for the fourth quarter. Here s what you need to know: PROFIT: Net income for the quarter rose to C$744 million from C$719. | February 13, 2021