Sun Life Financial (TSE:SLF) has released an update.
Sun Life Financial Inc. reported a slight decrease in underlying net income to $875 million in Q1 2024, down 2% from the same quarter last year, while reported net income saw a modest rise of 1% to $818 million. The company’s assets under management grew by 8% to $1,470 billion, and it announced a dividend increase to $0.81 per share. Despite some earnings challenges, such as the sale of Sun Life UK and higher morbidity claims, the company is set to continue share buybacks in Q2.
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