Sun Life Financial (NYSE:) Inc. (“SLF Inc.“), its subsidiaries and, where applicable, its joint ventures and associates are collectively referred to as “the Company”, “Sun Life”, “we”, “our”, and “us”. We manage our operations and report our financial results in five business segments: |
- Underlying net income(1) of
$875 million decreased$20 million or 2% from Q1’23; underlying ROE(1) was 16.0%.- Wealth & asset management underlying net income(1):
$408 million , down$3 million or 1%. - Group – Health & Protection underlying net income(1):
$280 million , down$23 million or 8%. - Individual – Protection underlying net income(1):
$278 million , down$13 million or 4%. - Corporate expenses & other(1):
$(91) million net loss, improved$19 million or 17%.
- Wealth & asset management underlying net income(1):
- Reported net income of
$818 million increased$12 million or 1% from Q1’23; reported ROE(1) was 15.0%. - Assets under management (“AUM”)(1) of
$1,470 billion increased$106 billion or 8% from Q1’23. - Increase to common share dividend from
$0.78 to$0.81 per share.
“In the first…
Click Here to Read the Full Original Article at All News…