India, Nov. 4 -- Sun Life Financial Inc. (SLF), a Canadian-based international financial services group, on Wednesday reported a 29% decline in third-quarter net income.
Net income attributable to common shareholders fell to C$785 million from C$1.106 billion in the year-ago quarter. Earnings per share declined to C$1.40 from C$1.97.
Underlying net income increased to C$1.146 billion from C$1.047 billion, while underlying earnings per share rose to C$2.05 from C$1.86.
The decline in reported earnings reflected unfavorable interest rate impacts, acquisition and restructuring charges, primarily related to the integration of GreenOak subsidiaries and the Bell Partners acquisition, and the absence of a prior-year gain from increased ownershi...