Sun Life reported income falls 49.9% to $340m in Q1 2026

Singapore Business Review
2026.05.08 00:54
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Sun Life reported a 49.9% decline in net income to US$339.5 million (C$465 million) for Q1 2026, despite a slight increase in underlying net income to US$803 million (C$1.1 billion). The company's underlying earnings per share were US$1.39 (C$1.9). Growth was driven by strong performance in Asia, Canada, and the US, particularly in health and risk solutions, with the Asia segment increasing by 13.1% YoY to US$157.7 million (C$216 million).