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Sun Life Financial Inc. today announced that it is selling its 31.72% stake in Administradora de Fondos de Pensiones Cuprum SA of Chile, to Empresas Penta SA, for about $120 million in cash.As a result of the transaction, Sun Life Financial expects to take a charge to earnings of about $45 million in the third […]
Prieur relocating to Hong Kong
Insurer raises dividend
Increased financial leverage a concern
Sun Life Financial Inc. has announced a $560 million deal for the Hong Kong-based insurance and pension operations of the Commonwealth Bank of Australia.As a result of the acquisition of CMG Asia and CommServe Financial, Sun Life Financial Hong Kong will become the seventh-largest life insurance company in Hong Kong measured by premiums from new […]
Operating performance expected to remain very strong
Firm's holistic approach suits Sun Life's goals
Sun Life Financial Inc. sees its biggest growth opportunities in the U.S. annuity business and in Asia, while its Canadian operations “should experience high-single-digit growth,” the company said Monday. Sun Life Financial president James Prieur, said the U.S. annuities business is a weak spot but also provides “the greatest opportunity” as Sun Life expands its […]
Earnings up 25%, but sales off 7.6%