How to go about securing the best policy for your insurance in Canada.
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Sun Life Financial says continuing operations showed improved Q2 profit
– canadianbusiness.com
TORONTO – Sun Life Financial Inc. (TSX:SLF) says its continuing operations were more profitable in the second quarter than they were at the same time last year, although its Canadian arm provided less operating net income.
Overall operating net income, excluding certain items and discontinued operations, was $488 million or 80 cents per share, up from $431 million or 71 cents per share in the second quarter of 2013.
However, SLF Canada’s operating net income fell to $197 million — down from $210 million a year earlier.
By contrast, its MFS Investments segment showed in increase to $145 million in Canadian currency (US$133), up from C$104 million (US$101 million) a year before.
The Toronto-based company’s continuing operations exclude a U.S. annuities business and certain U.S. life insurance businesses that were sold on Aug. 1, 2013.
Sun Life’s operating net income also excludes certain items that are reported under international financial reporting standards, such as the impact from fluctuating interest rates and equity markets and changes to management assumptions…
Overall operating net income, excluding certain items and discontinued operations, was $488 million or 80 cents per share, up from $431 million or 71 cents per share in the second quarter of 2013.
However, SLF Canada’s operating net income fell to $197 million — down from $210 million a year earlier.
By contrast, its MFS Investments segment showed in increase to $145 million in Canadian currency (US$133), up from C$104 million (US$101 million) a year before.
The Toronto-based company’s continuing operations exclude a U.S. annuities business and certain U.S. life insurance businesses that were sold on Aug. 1, 2013.
Sun Life’s operating net income also excludes certain items that are reported under international financial reporting standards, such as the impact from fluctuating interest rates and equity markets and changes to management assumptions…
Key Canada Events: Week of Aug. 4-8
– blogs.wsj.com
On tap this week, we’ll see trade data for June, the latest on Canadian employment on Friday and earnings reports from Canada’s largest insurance companies.
