Sun Life Financial has reported operating net income from continuing operations of $448m for the first quarter of 2013, compared to $437m during the comparable period last fiscal.
Reported net income from continuing operations stood at $410m, against $405m during the corresponding period earlier year.
The current quarter results reflect continued execution of its growth strategy, including product and distribution initiatives in recent quarters, and positive impact from investment activity and market factors, claims the company.
Operating earnings per share (EPS) from continuing operations was $0.75, compared to $0.74, while reported EPS from continuing operations was $0.68.
For the first three months ended on 31 March 2013, its operating net income (combined operations) decreased to $565m, compared to $727m during the year ago quarter.
Sun Life Financial Canada's reported net income was $277m for the first quarter, against $227m, while SFL US reported net income stood at $65m, compared to $144m, during the same period last year.
Sun Life Financial group of companies operate in Canada, the US, the UK, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. They had total assets under management of $571bn, as of 31 March 2013.
