Sun Life Financial ( (SLF) ) has released its Q3 earnings. Here is a breakdown of the information Sun Life Financial presented to its investors.
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Sun Life Financial Inc. is a prominent international financial services company that specializes in asset management, wealth, insurance, and health solutions, operating across various global markets.
In the third quarter of 2024, Sun Life Financial Inc. reported strong financial performance with significant growth in both underlying and reported net income. The company achieved a reported net income of $1,348 million, marking a 55% increase from the previous year, and an underlying net income of $1,016 million, up by 9%.
Key financial metrics highlighted in the report include an increase in assets under management to $1,515 billion, representing a 13% rise from the previous year. Sun Life also announced a boost in the common share dividend from $0.81 to $0.84 per share. The company’s underlying return on equity reached 17.9%, while the reported return on equity was 23.8%.
Looking ahead, Sun Life’s management remains focused on leveraging its leadership in asset management and insurance to drive growth and deliver value to its clients and shareholders. The company continues to emphasize its commitment to helping clients achieve financial security and healthier lives.
