Tuesday, October 30, 2007

life's brighter under the sun...

Sun Life Financial (SLF) announced their third quarter earnings today. Here are some highlights:

- Earnings per share were up 9%, excluding the impact of currency, earnings would have been up 13% over Q3 of 2006.

- Return on Equity was 14.8% for the quarter.

- Sun Life launched their new advertising campaign describing the role SLF play in the lives of 1 in 5 Canadians.

- Segregated fund sales in Canada increased by 75%.

- Birla Sun Life, Sun Life's India division saw sales increase 177%; while in China Everbright's sales were up 162%.

- Sun Life's CEO Donald Stewart was awarded International Executive of the Year by the Canadian Chamber of Commerce.

- SLF's pay out ratio sat at 33%, while they paid $193 in dividends to shareholders, like me.

The stock is up about 3% to around $54.35, today in afternoon trading.

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