TORONTO (Reuters) – Sun Life Financial, Canada’s second-biggest life insurer, on Wednesday comfortably beat analysts’ estimates for second-quarter core profit, which rose from a year earlier thanks to new business gains and a contribution from its acquisition of U.S. benefits firm DentaQuest.
Underlying profit was C$892 million ($694.65 million), or C$1.52 a share, in the three months ended June 30, from C$883 million, or C$1.50, a year earlier. Analysts had expected profit of C$1.39 a share.
($1 = 1.2841 Canadian dollars)
(Reporting By Nichola Saminather, editing by Deepa Babington)
