Sun Life 1Q Profit Jumps 56%

Features Reuters

Sun Life Financial Inc profit rose 56 percent in the first quarter, helped by stronger stock markets and rising bond yields, Canada's No. 3 life insurer said on Thursday.

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Sun Life earned C$686 million ($683 million), or C$1.15 a share, compared with a year-before profit of C$438 million, or 73 Canadian cents a share.

The company maintained its quarterly dividend of 36 Canadian cents per share.