TORONTO – Sun Life Financial Inc. says it earned $722 million in net income during the fourth quarter.
That compares with a profit of $237 in the same quarter a year ago, when the Toronto-based insurer took a $186 million writedown and had lower-than-expected investment income
Earnings for the period ended Dec. 31 worked out to $1.96 per share, up from $1.68 during the prior year quarter.
Underlying net income for its asset management and wealth business came in at $534 million, while underlying net income for its health and protection business came in at $308 million.
The Toronto-based insurer says assets under management totalled $1.6 billion during the period, up from $1.54 billion during the same period a year earlier.
Sun Life CEO Kevin Strain says in a news release that the company saw robust earnings and sales in Asia and solid wealth sales in Canada.
This report by The Canadian Press was first published Feb. 11, 2026.
Companies in this story: (TSX:SLF)
