Canadian insurer Sun Life Financial (SLF) has reported a net income of $438m or $0.76 earnings per share, in the first quarter of 2011, compared to $414m or $0.73 earnings per share in the same period last year.
Operating net income for the first quarter of 2011 was $472m, compared to $434m in the same period last year.
The total reported revenues for the quarter were $4.20bn in the first quarter of 2011, compared to $6.19bn in the same period last year.
Sun Life Financial CEO Donald Stewart said the company has started 2011 with solid results compared to the same period last year with strong performance across all of our operating segments.
"We have also responded to an evolving regulatory environment – including the implementation of wide-ranging changes to financial reporting under IFRS – while remaining focused on execution and growth opportunities," Stewart said.