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Weak markets hammer Sun Life Financial profit
August 8, 2012 / 9:20 PM / 5 years ago

Weak markets hammer Sun Life Financial profit

TORONTO, Aug 8 (Reuters) - Sun Life Financial Inc said on Wednesday its profit fell 87.5 percent in the second quarter, hurt by weak stock markets and sinking bond yields.

Sun Life, Canada’s No. 3 insurer, earned C$51 million ($51.26 million), or 9 Canadian cents a share, compared with a year-before profit of C$408 million, or 68 Canadian cents a share.

The company maintained its quarterly dividend of 36 Canadian cents a share.

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