New president for US business also announced
Sun Life Financial Inc. reported underlying net income of C$1.02 billion for the second quarter ended June 30, 2025, a 2% increase from the same period last year.
Reported net income climbed 11% to C$716 million. The underlying return on equity (ROE) was 17.6%, while reported ROE stood at 12.4%. Assets under management rose 5% year-over-year to C$1.54 trillion.
The 2% increase in underlying net income was supported by a $21 million gain in Group – Health & Protection, which reached $326 million. This was attributed to improved US dental results from Medicaid repricing, higher fee income, and favo…