Sun Life Financial takes net loss on U.S. annuities sale

Reuters

TORONTO, Nov 6 (Reuters) - Sun Life Financial,Canada's No. 3 life insurer, said on Wednesday it fell to athird-quarter net loss due to charges related to the saleearlier this year of its U.S. annuities business.

Sun Life lost a net C$520 million ($499.30 million), or 84Canadian cents a share, in the quarter, compared with ayear-before profit of C$383 million, or 64 Canadian cents pershare.

Its operating income from continuing operations, whichexcludes the impact of the annuities sale among other things,was C$422 million, or 69 Canadian cents a share.

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