Sun Life earns $937 million in Q1, takes charge for redefining role of office
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The Sun Life Financial Inc. logo is shown at the company's annual general meeting in Toronto on Wednesday, May 6, 2015. THE CANADIAN PRESS/Chris Young
TORONTO – Sun Life Financial Inc. says its net profit grew to $937 million in the first quarter as it recorded a restructuring charge related to redefining the role of the office.
The Toronto-based insurer reported after markets closed Wednesday a net profit equal to $1.59 per diluted share for the period ended March 31, up from 67 cents per share or $391 million a year earlier.