Morningstar Expects Sun Life to Expand Presence Overseas

Sun Life Financial Inc.’s domestic business is the firm’s “crown jewel,” but its international operations are where the growth is, says Morningstar analyst Chris Blumas.

The life insurance giant’s profits for the first nine months of 2007 were up 8% compared to last year at $1.7-billion. Profits from domestic business lines grew 7%, while the insurer’s business outside Canada was up 20% on a Canadian dollar basis.

Morningstar Expects Sun Life to Expand Presence Overseas
Source: Seeking Alpha