Sun Life US dental business has quarterly loss but on track to earn $100 million in 2025

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Medicaid,Dental Insurance

Sun Life Financial Inc CEO Kevin Strain said on Tuesday the company's U.S. dental insurance business was improving after losing money in the latest quarter, ...

TORONTO - Sun Life Financial Inc CEO Kevin Strain said on Tuesday the company's U.S. dental insurance business was improving after losing money in the latest quarter, and was on track to hit its goal for $100 million in earnings in that segment in 2025.

"We still think that the U.S. is a good long term growth market for us in both the group benefit side in the asset management side under both MFS and SLC," Strain said in an interview. Jefferies analyst John Aiken noted that while the U.S. dental business faced challenges, it provides "upside potential that should be easily recognized with the management actions taken to date."

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