Earnings Review and Free Research Report: Sun Life Reported Better Than Expected Earnings Results

Research Desk Line-up: Unico American Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 1, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Sun Life Financial Inc. (NYSE: SLF) (“Sun Life”), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=SLF, following the Company’s release of its financial results on August 09, 2017, for the second quarter of the fiscal year 2017. The Company’s adjusted revenue increased 6.3% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Get more of our free earnings reports coverage from other constituents of the Property & Casualty Insurance industry. Pro-TD has currently selected Unico American Corporation (NASDAQ: UNAM) for due-diligence and potential coverage as the Company announced on August 11, 2017, its consolidated financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Unico American when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on SLF; also brushing on UNAM. With the links below you can directly download the report of your stock of interest free of charge at:

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Earnings Reviewed

For the three months ended June 30, 2017, Sun Life’s total revenue decreased 14.8% to C$8.12 billion on a y-o-y basis from C$9.53 billion in Q2 FY16. During Q2 FY17, the Company’s adjusted revenue increased 6.3% to C$7.43 billion on a y-o-y basis from C$6.99 billion in Q2 FY16.

For the reported quarter, Sun Life’s premiums and deposits increased 8.5% to C$41.27 billion from C$38.04 billion in Q2 FY16. During Q2 FY17, the Company’s adjusted premiums and deposits increased 4.8% to C$40.56 billion from C$38.71 billion in Q2 FY16.

During Q2 FY17, Sun Life’s earnings before interest and taxes (EBIT) decreased 1.9% to C$619 million from C$631 million in Q2 FY16.

During Q2 FY17, Sun Life’s net income increased 19.6% to C$574 million on a y-o-y basis from C$480 million in Q2 FY16. During Q2 FY17, the Company’s underlying net income increased 24.4% to C$689 million on a y-o-y basis from C$554 million in Q2 FY16. For the reported quarter, the Company’s diluted earnings per share (EPS) increased 19.2% on a y-o-y basis to C$0.93 from C$0.78 in Q2 FY16. During Q2 FY17, the Company’s underlying diluted EPS increased 24.4% to C$1.12 on a y-o-y basis from C$0.90 in Q2 FY16. The diluted EPS surpassed analysts’ expectations of C$0.89.

On August 09, 2017, the Company’s Board of Directors declared a dividend of C$0.44 per common share, payable on September 29, 2017, to shareholders of record at the close of business on August 30, 2017.

Segment Details

SLF Canada – During Q2 FY17, the segment’s net income was flat at C$185 million. For the reported quarter, the segment’s underlying net income increased 33% to C$266 million from C$200 million in Q2 FY16.

SLF US – During Q2 FY17, the segment’s net income increased 87% to C$101 million from C$54 million in Q2 FY16. For the reported quarter, the segment’s underlying net income increased 25.4% to C$143 million from C$114 million in Q2 FY16.

SLF Asset Management – During Q2 FY17, the segment’s net income increased 5.8% to C$183 million from C$173 million in Q2 FY16. For the reported quarter, the segment’s underlying net income increased 30.1% to C$199 million from C$153 million in Q2 FY16.

SLF Asia – During Q2 FY17, the segment’s net income increased 13.2% to C$77 million from C$68 million in Q2 FY16. For the reported quarter, the segment’s underlying net income decreased 4.7% to C$81 million from C$85 million in Q2 FY16.

Balance Sheet

As on June 30, 2017, Sun Life’s cash and cash equivalents increased 20.8% to C$7.66 billion from C$6.34 billion in Q2 FY16.

During Q2 FY17, the Company’s invested assets increased 84 basis points to C$143.55 billion from C$142.35 billion in Q4 FY16.

During Q2 FY17, Sun Life’s return on equity (ROE) was 11.4% compared to 10.3% in Q4 FY16.

For the reported quarter, the Company’s underlying ROE was 13.7% compared to 11.9% in Q4 FY16.

Stock Performance

At the closing bell, on Thursday, August 31, 2017, Sun Life Financial’s stock slightly rose 0.76%, ending the trading session at $38.39. A total volume of 312.23 thousand shares have exchanged hands. The Company’s stock price surged 16.97% in the last three months, 5.41% in the past six months, and 21.76% in the previous twelve months. The stock is trading at a PE ratio of 11.44 and has a dividend yield of 3.57%. The stock currently has a market cap of $23.57 billion.

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