Sun Life reports rare earnings miss as US business shows weakness

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Explore stories from Atlantic Canada.

What's different a year after the wildfires? | SaltWire #novascotia #firefighting #wildfires #news -Canada's No. 2 life insurer Sun Life Financial on Thursday missed core profit estimates for the first time in 12 quarters, hurt by weakness in the U.S., a region where it has been expanding.

However, earnings in the U.S. were hurt by lower dental results driven by the impact of Medicaid redeterminations and market-related impacts largely from real estate investments, the company said. The overall results were in contrast with bigger peer Manulife which reported bigger-than-expected profit powered by strength in its Asia unit that pushed its stock to over a 15-year high.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 45. in BE

Belgique Dernières Nouvelles, Belgique Actualités