Sun Life Financial Q2 net income declines 2% to $646M due to restructuring charge, adjusted net income rises 10.8% to $1B.

Sun Life Financial Inc. reported a $646M net income for Q2, a 2% decline due to a $138M restructuring charge. However, adjusted net income increased to $1B, a 10.8% rise. Assets under management reached $1.47T, up 7% from last year, with growth in Canada and Asia offsetting a modest decrease in the U.S. division. The underlying ROE was 18.1%, up from 17.7% in the prior year.

August 12, 2024
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