Asset growth, health gains, and protection lines drive broad-based earnings momentum
Sun Life Financial has reported underlying net income of C$1.045 billion for the first quarter ended March 31, 2025, a 19% increase from C$875 million in Q1 2024.
The increase was supported by higher earnings in asset management and wealth, group benefits, and individual protection lines.
The asset management and wealth segment posted a C$79 million increase, attributed to higher fee-related earnings, catch-up