Canadian insurance company Sun Life Financial Inc. (SLF) reported its third-quarter financials this week, registering a 5.6% year-over-year rise in its Assets Under Management (AUM) to C$1.34 trillion ($976.40 billion). However, its underlying net income declined 2% from the prior-year quarter to C$930 million ($677.58 million).
Moreover, its underlying EPS of C$1.59 compares to the year-ago value of C$1.62 but topped the analyst estimate of C$1.57. Furthermore, while the company has been trying to expand its footprint across the United States through dental care, the U.S. dental insurance market is facing a setback due to the impact of Medicaid renewal.
