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.