DBRS Morningstar: Sun Life Financial Inc.’s Strong, Broad-Based Sales Growth Drives Q4 2019 Earnings
Sun Life Financial Inc. (SLF) delivered strong insurance sales across its diverse businesses, propelling net income attributed to common shareholders to $719 billion, up 24% from Q4 2018. SLF reported net income attributed to common shareholders of $2.6 billion for the year, up 4% year over year (YOY).
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.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
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