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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Sun Life Financial Inc.    SLF   CA8667961053

SUN LIFE FINANCIAL INC.

(SLF)
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Sun Life Financial : third-quarter profit increases 10 per cent to $750 million

11/04/2020 | 06:13pm EST

TORONTOSun Life Financial Inc. says its net profit increased 10 per cent in the third quarter as its asset management business increased 25 per cent from a year earlier.

The Toronto-based insurer says that equated to $1.28 per share, up from $1.15 per share or $681 million in the third quarter of 2019.

Underlying net income for the three months ended Sept. 30 was $842 million or $1.44 per share, compared with $809 million or $1.37 per share in the prior year.

SunLife was expected to report $1.28 per share in adjusted profits, according to the financial markets data firm Refinitiv.

Insurance sales were down $4 million to $681 million while wealth sales increased to $52.7 billion, up from $41.2 billion.

Its assets under management reached nearly $1.2 trillion, up from $1.06 trillion a year ago.

"So far this year we have delivered more than $140 million of claims payments to the families of clients who have succumbed to COVID-19, and paid millions in additional pandemic related health claims," stated CEO Dean Connor.

This report by The Canadian Press was first published Nov. 4, 2020.

Companies in this story: (TSX:SLF)

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2020 38 150 M 29 957 M 29 957 M
Net income 2020 2 526 M 1 984 M 1 984 M
Net Debt 2020 - - -
P/E ratio 2020 13,9x
Yield 2020 3,76%
Capitalization 34 864 M 27 376 M 27 377 M
Capi. / Sales 2020 0,91x
Capi. / Sales 2021 0,95x
Nbr of Employees 22 719
Free-Float 86,4%
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Technical analysis trends SUN LIFE FINANCIAL INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 62,79 CAD
Last Close Price 59,59 CAD
Spread / Highest target 15,8%
Spread / Average Target 5,36%
Spread / Lowest Target -2,67%
EPS Revisions
Managers and Directors
NameTitle
Dean A. Connor President, Chief Executive Officer & Director
William D. Anderson Chairman
Kevin D. Strain Chief Financial Officer & Executive Vice President
Stevan Lewis Chief Technology Officer & Senior Vice President
Laura Money Chief Information Officer & EVP
Sector and Competitors
1st jan.Capitalization (M$)
SUN LIFE FINANCIAL INC.5.28%27 577
AXA2.73%58 194
PRUDENTIAL PLC6.31%50 960
METLIFE, INC.9.84%46 410
MANULIFE FINANCIAL CORPORATION7.46%37 677
PRUDENTIAL FINANCIAL, INC.7.48%33 178