TORONTO – Sun Life Financial Inc. says its second-quarter profit was up 11 per cent from last year.
The Toronto-based insurer says it earned $716 million in its second quarter, up from $646 million a year prior.
Earnings for the period ended June 30 worked out to $1.26 per share, up from $1.11 a year ago.
The company attributed some of the increase to growth in Asia but says it was offset by an impairment charge of $61 million related to the early termination of a U.S. group dental contract.
The result was far below the $1.80 per share expected by analysts, according to LSEG Data & Analytics.
Its underlying earnings per share were $1.79, compared with $1.72 a year prior.
This report by The Canadian Press was first published Aug. 8, 2025.
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