Sun Life Financial Inc. (SLF) Wednesday said first-quarter profit improved slightly to $410 million from $405 million in the same period last year. On a per-share basis, earnings were $0.68, flat with last year.
On average, four analysts polled by Thomson Reuters expected the company to earn $0.66 per share for the quarter. Analysts' estimates typically exclude special items.
Operating earnings from continuing operations totaled $448 million or $0.75 per share, up from $437 million or $0.74 per share last year.
Revenues improved to $3.79 billion from $3.18 billion last year.
Net premium revenues increased to $2.03 billion from $2.0 billion last year.
Assets under management totaled $570.68 million, up from $496.30 million last year.
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