Sun Life Financial Reports Strong Q3 2021 Profits But Lower Overall Sales
Sun Life Financial Inc. reported very strong net income attributed to common shareholders of $1.02 billion for Q3 2021, a 35.9% increase from $750 million in Q3 2020, resulting in a reported return on equity (ROE) value of 17.6%. This was primarily driven by favourable market-related impacts from changes in the fair value of investment properties but also as a result of assumption changes and management actions.
Sun Life Financial is a holding company. Through its subsidiaries, Co. is an international financial services organization providing a range of protection and wealth accumulation products and services to individuals and corporate customers in Canada, the U.S., the U.K., Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam and Bermuda. Co. manages its operations in four business segments: Sun Life Financial Canada, Sun Life Financial United States, MFS Investment Management and Sun Life Financial Asia.
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