Sun Life reports rare earnings miss as US business shows weakness

South Africa News News

Sun Life reports rare earnings miss as US business shows weakness
South Africa South Africa Latest News,South Africa South Africa Headlines

Explore stories from Atlantic Canada.

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

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in ZA
 

South Africa South Africa Latest News, South Africa South Africa Headlines



Render Time: 2025-01-13 13:43:44