Sun Life Benefiting From Rising Rates and Fund Inflows; Jury Still Out on Growth Potential in Asia
Higher annuity sales and lower expenses helped no-moat Sun Life hit the CAD 2.5 billion net income mark for fiscal 2018, a year-over-year increase of about 15%. Overall results for 2018 were strong, and earned premiums grew at a faster clip than we had expected. While equity market volatility in the fourth quarter posed a headwind for top-line numbers, with investment income down nearly CAD 6 billion, this was mitigated by insurance and investment liabilities declining by an equal amount. In gen...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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