TORONTO (Reuters) – Sun Life Financial, Canada’s second-largest life insurer, on Wednesday beat analysts’ estimates for quarterly core profit, which rose on business and asset growth in its funds management business.
Underlying profit increased to C$883 million ($704.37 million), or C$1.50 a share, in the quarter ended June 30, from C$739 million, or C$1.26, a year earlier. Analysts had expected C$1.47.
($1 = 1.2536 Canadian dollars)
(Reporting by Nichola Saminather; Editing by Richard Chang)
