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The Sun Life Financial logo is seen at their corporate headquarters of One York Street in Toronto, Ontario, Canada, February 11, 2019. REUTERS/Chris Helgren Acquire Licensing Rights
Nov 13 (Reuters) – Canada’s Sun Life Financial (SLF.TO) posted a fall in third-quarter profit on Monday, hurt by lower income from its U.S. insurance business.
The company’s underlying earnings from its U.S insurance segment were down 19% at C$185 million.
Sun Life’s underlying net income from wealth and asset management rose 9% to C$457 million.
The insurer posted underlying net income of C$930 million ($673.67 million), or C$1.59 per share, for the three months ended Sept. 30, compared with C$949 million, or C$1.62 per share, a year earlier.
($1 = 1.3805 Canadian dollars)
Reporting by Pritam Biswas in Bengaluru; Editing by Shilpi Majumdar and Shounak Dasgupta
Our Standards: The Thomson Reuters Trust Principles.
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