Canadian insurer Sun Life Financial Inc reported a higher quarterly profit and raised its dividend on Wednesday, helped by strength in both its wealth management and life insurance businesses.
Net income for the third quarter ended Sept. 30 rose to C$482 million ($366.5 million), or 79 Canadian cents a share, from C$435 million, or 71 Canadian cents, a year ago.
Underlying earnings per share rose to 86 Canadian cents from 84 cents a year earlier.
Analysts had predicted a profit of 87 Canadian cents a share, according to…Read more at Reuters