Strong Overall Financial Performance
Underlying EPS was $1.86, up 6% year-over-year. Underlying ROE was 18.3% with a book value per share growth of 3% quarter-over-quarter.
Significant Growth in Sales
Individual Protection sales grew 35%, and Group Health & Protection sales grew 12%. Asia saw double-digit growth in protection sales across six markets.
Asset Management Achievements
Sun Life Asset Management has $1.6 trillion in assets under management, with $1.4 trillion managed by asset management businesses.
Strong Capital Position
LICAT ratio ended the quarter at 154%, and a $0.04 increase in dividend to $0.92 per share was announced.
Growth in Asia and Canada
Asia achieved a 32% increase in underlying net income, and Canada saw a 13% increase in reported net income year-over-year.
Asset Management Fee Income Growth
MFS had strong institutional gross sales of USD 12.9 billion, with a pretax operating margin of 39.2%.