Sun Life’s 2017 2Q Results In Line With Our Long-Term Expectations; Maintaining CAD FVE
Sun Life Financial reported solid 2017 second-quarter results, and its most recent performance does not alter our long-term view of the firm. Reported net income rose by nearly 20% to $574 million from the second quarter of last year, with a 4% improvement over last quarter (a $23 million increase). As a result, Sun Life posted a reported ROE of 11.4%, which is more or less in line with our estimated cost of equity. The picture improves on an underlying net income basis with a 24% increase from ...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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