Categories: Business

Canada’s Sunlight Lifestyle beats earnings estimates, helped by new organization

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The Sun Everyday living Economic symbol is found at their corporate headquarters of One York Road in Toronto, Ontario, Canada, February 11, 2019. REUTERS/Chris Helgren//File Photograph

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TORONTO, Aug 3 (Reuters) – Sun Lifestyle Monetary (SLF.TO), Canada’s second-most significant lifetime insurance company, on Wednesday easily beat analysts’ estimates for 2nd-quarter core profit, which rose from a calendar year earlier thanks to new small business gains and a contribution from its acquisition of U.S. gains organization DentaQuest.

Underlying gain was C$892 million ($694.65 million), or C$1.52 a share, in the three months ended June 30, from C$883 million, or C$1.50, a calendar year previously. Analysts had predicted profit of C$1.39 a share.

($1 = 1.2841 Canadian dollars)

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Reporting By Nichola Saminather, modifying by Deepa Babington

Our Requirements: The Thomson Reuters Rely on Ideas.

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