ON­LINE INI­TIA­TIVES HELP SUN LIFE POST HIGHER Q3 PROFIT

National Post (Latest Edition) - - FINANCIAL POST -

Sun Life Fi­nan­cial Inc. has re­ported that its prof­its in­creased in the lat­est quar­ter, driven in part by its en­hanced on­line ca­pa­bil­i­ties. The com­pany, pri­mar­ily known for its life in­sur­ance, says its net in­come in­crease to $817 mil­lion in the quar­ter ended Sept. 30 com­pared to $737 mil­lion a year ear­lier. CEO Dean Con­nor says the quar­ter show­cased its many ex­am­ples of bring­ing client-driven strate­gies to life, in­clud­ing its fast on­line life in­sur­ance sign up and in­ter­ac­tive dig­i­tal coaches. It also an­nounced an in­crease in its com­mon share div­i­dend by two cents to about 46 cents per share for the quar­ter. Sun Life’s rev­enue, how­ever, was $5.6 bil­lion in the third quar­ter of 2017 com­pared to $7.9 bil­lion last year. The in­surer says the de­crease was mainly due to in­creases in in­ter­est rates.

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