REUTERS/Chris Helgren Acquire Licensing RightsNov 13 (Reuters) - Canada's Sun Life Financial (SLF.TO) on Monday reported better-than-expected quarterly profits, helped by growth at its wealth and asset management unit and higher fees.
The insurer, however, reported a fall in underlying earnings hurt by weakness in the United States and fewer sales of personal health insurance.
"The dental business reported middling results this quarter... short-term volatility is a part of this business, from a long-term perspective, the investment should be positive," Morningstar analyst Suryansh Sharma said.
Sun Life said underlying earnings from its U.S. segment were down 19%.
Underlying net income from wealth and asset management rose 9% to C$457 million.
Persons:
Chris Helgren, Sunlife, Suryansh Sharma, Pritam Biswas, Shilpi Majumdar, Shounak Dasgupta, Lincoln
Organizations:
Sun, REUTERS, Morningstar, DentaQuest, Thomson
Locations:
Toronto , Ontario, Canada, United States, DentaQuest, U.S, Asia, Bengaluru