Sun Life Financial is a big company that helps people save money and do smart things with their money. They also sell insurance to protect people and their families. They had a good second quarter of the year, which means they made more money than people thought they would. The people who run the company decided to give some of that money back to the people who own part of the company, which is called a dividend. The article also mentions some other companies that are similar to Sun Life Financial, and how they did in the same second quarter of the year. Read from source...

The article is about Sun Life Financial Inc. Second-quarter 2024 underlying net income of $1.25 per share, beating the Zacks Consensus Estimate by 5.9%. The bottom line increased 6.8% year over year. Underlying net income was $730.8 million (C$1 billion), which increased 9% year over year. Revenues of $6.5 billion increased 14.2% year over year but missed the Zacks Consensus Estimate by 3%. The company's board of directors approved a quarterly dividend of 81 cents per share. The amount will be paid out on Sep 27, 2024, to shareholders of record at the close of business on Aug 28. The article also talks about the performance of other insurers, including Voya Financial, Inc., Reinsurance Group of America, Incorporated, and Lincoln National Corporation.

Not available. Of SLF's total assets under management (AUM), 72% were in Asia, up from 68% in the previous quarter. Sun Life's solid growth in Asia, particularly in India and the Philippines, has been a bright spot for the company. SLF's wealth sales and asset management gross flows in Asia were $23.6 billion (C$32.3 billion), increasing 15.1% year over year. Individual protection sales in Asia were $271.6 million, increasing 52.8% year over year, while group health and protection sales in the region were $43.6 million, decreasing 43.3% year over year. The company also saw growth in its new business contractual service margin (CSM) in Asia, reaching $112.4 million (C$156 million), up 71.8% year over year. SLF's positive results in Asia reflect the company's focus on expanding in the region, and its growth strategy has been paying off. The company's strong presence in Asia, coupled with its solid growth prospects, make it an attractive investment option for those looking to invest in the region's growing market.