Sun Life posts higher quarterly profit

November 4, 2015 10:28 PM

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TORONTO Nov 4 Canadian insurer Sun Life Financial Inc reported a higher quarterly profit and raised its dividend on Wednesday, helped by strength in both its wealth management and life insurance businesses.

Net income for the third quarter ended Sept. 30 rose to C$482 million ($366.5 million), or 79 Canadian cents a share, from C$435 million, or 71 Canadian cents, a year ago.

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