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Canada's Sun Life Financial reports 21 pct jump in profit

Published 2016-11-09, 05:21 p/m
© Reuters.  Canada's Sun Life Financial reports 21 pct jump in profit
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Nov 9 (Reuters) - Sun Life Financial Inc SLF.TO SLF.N , Canada's third-largest insurer by assets, reported a 21 percent jump in quarterly underlying profit, helped by strong growth in the United States and Canada.

The company's underlying net income rose to C$639 million ($476.2 million), or C$1.04 per share, in the third quarter ended Sept. 30 from C$528 million, or 86 Canadian cents per share, a year earlier. Life said on Wednesday net income rose 53 percent to C$737 million, or C$1.20 per share.

The insurer also raised its quarterly dividend by 4 percent to 42 Canadian cents per share. ($1 = 1.3418 Canadian dollars)

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