Sun Life Financial Inc.'s CEO said the company stands to benefit from new growth trends after exceeding expectations in its fourth quarter.“We came very close to reaching $1-billion in underlying income for the first time, and we saw strength across our Canada, U.S. and Asia businesses,” Kevin Strain, president and chief executive officer of Sun Life, told BNN Bloomberg in an interview on Monday. Driving growth was Sun Life's protection and health business, Strain explained.
, it did report weaker results compared to this time last year, as net income fell 12 per cent to $951 million in the quarter. The pressure came in part due to the cost of its DentaQuest acquisition in the U.S. Strain noted that Sun Life now stands to benefit from China’s reopening and deploying the systems they put in place amid the COVID-19 pandemic.