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Sun Life Financial has reported global assets under management of $903 billion, an increase from $891 billion as at December 31, 2015.

Wealth sales increased 14% from 2015, and insurance sales increased 27%. In the fourth quarter, individual wealth sales were $1.5 billion, up 8%. In wealth management, sales growth came from Sun Life mutual funds, segregated funds and payout annuities. These increases were partially offset by a decrease in sales of non–Sun Life mutual funds.

The company reports underlying net income of $2.3 billion, underlying earnings per share of $3.80 and underlying ROE of 12.2%. Total shareholder return was 24% for the year.

Also read:

Manulife net income up 34%; Great-West Lifeco raises dividend 

This advisor never thought he’d need CI coverage. Then he did

Originally published on Advisor.ca
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