Sun Life (SLF) Q2 Earnings Beat, Revenues Miss Estimates

Sun Life Financial Inc. (SLF) delivered second-quarter 2024 underlying net income of $1.25 per share, which beat the Zacks Consensus Estimate by 5.9%. The bottom line increased 6.8% year over year. Underlying net income was $730.8 million (C$1 billion), which increased 9% year over year. Results reflected continued solid growth in Canada and Asia. The U.S. also saw favorable experience in Group Benefits, partially offset by residual headwinds in dental. Revenues of $6.5 billion increased 14.2% year over yea ...