11:24 AM EDT, 05/09/2025 (MT Newswires) -- Sun Life Financial ( SLF ) reported first-quarter underlying EPS of $1.82, compared with National Bank's $1.66 forecast and consensus of $1.70. On a reported basis, EPS of $1.62 compared with National's and consensus estimate of $1.43. "Overall, it was a positive quarter," writes analyst Gabriel Dechaine.

According to Dechaine, the life insurer entered the quarter facing concerns related to its U.S. Stop Loss business, following elevated claims costs in the prior quarter. "While the business was still under pressure, negative claims experience moderated, improving confidence that negative issues will be short-lived," Dechaine notes.

The Dental business also delivered profits that increased confidence in the company's full-year profit target for this segment.

Target lifted to $94 (from $93). Maintain Outperform.

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