NIKKEI 225
28,249.24 +73.37 (+0.26%) HANG SENG
20,045.77 -156.17 (-0.77%) CRUDE OIL
90.26 +1.25 (+1.40%) GOLD FUTURES
1,804.20 +13.00 (+0.73%) DOW
32,838.41 +34.94 (+0.11%) BTC-GBP
19,707.23 +438.48 (+2.28%)
Sun Life Financial Inc. (SLF)
- Zacks
Brighthouse (BHF) Q2 Earnings & Revenues Beat, Fall Y/Y
Brighthouse Financial (BHF) Q2 results reflect higher expenses and lower adjusted net investment income as well as lower sales.
- Reuters
Sun Life shares up after earnings beat, U.K. unit sale
TORONTO (Reuters) -Sun Life Financial shares jumped on Thursday after reporting a better-than-expected second-quarter profit and announcing the sale of its U.K. business as well as an asset management partnership with the buyer, Phoenix Group Holdings. Earlier on Thursday, Canada's second-largest life insurer agreed to sell its closed business in the United Kingdom to Phoenix for 248 million pounds ($301 million), and become its strategic asset management partner, managing about C$9 billion ($7 billion) of Sun Life UK's general account. Sun Life expects to get a "good chunk" of the $25 billion Phoenix plans to deploy in North American fixed income and alternative investments over the next five years, CEO Kevin Strain said on an analyst call on Thursday.
- Zacks
Sun Life Financial (SLF) Q2 Earnings Beat Estimates, Fall Y/Y
Sun Life's (SLF) Q2 results reflect business growth, new business gains, contribution from the DentaQuest acquisition and lower incentive compensation expenses.
