India, Aug. 6 -- Sun Life Financial Inc. (SLF) on Thursday reported higher second-quarter earnings, driven by strong performance across its Canada, Asia and U.S. Businesses.
Reported net income climbed to C$1.008 billion or C$1.81 per share from C$716 million or C$1.26 per share last year. Underlying net income increased to C$1.123 billion or C$2.02 per share from C$1.015 billion or C$1.79 per share a year earlier.
Assets under management grew 10 percent year-over-year to C$1.696 trillion, while the company's LICAT capital ratio stood at 145 percent at the end of the quarter.
Group insurance sales increased 27 percent to C$680 million, while individual insurance sales rose 16 percent to C$1.002 billion.
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