DBRS Morningstar: Sun Life’s Q3 2019 Reports Strong Net Premium and Asset Management Growth
Sun Life Financial Inc. (Sun Life or the Company) reported Q3 2019 net income attributed to common shareholders of $681 million, up 14% quarter over quarter (QOQ) and 20% year over year. The Company also reported return on common equity of 12.9%, well above its peer average of 9.6%. Earnings in the quarter were primarily impacted by assumption changes and management actions (ACMA) in Sun Life’s corporate segment but offset by unfavourable market-related impacts and morbidity experience in Canada and the United States.
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