(February 17 – 15:30 ET) – Sun Life Assurance Co. of Canada reported net income from continuing operations for the year ended December 31, 1999, of $334 million. That represents a year-over-year increase of $192 million.
Net income adjusted to account for charges from discontinued operations was $164 million, compared to the $54 million reported for 1998.
Total assets under management were $301 billion on December 31, 1999, up $50 billion or 20% from yearend 1998.
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The bank's wealth management business earned $699M in the quarter
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