02:36 PM EDT, 07/11/2024 (MT Newswires) -- Canadian life insurers will begin reporting second quarter results on August 6.

RBC estimates decrease by ~2% on average. Analyst Darko Mihelic expects core EPS to decrease ~3% QoQ but increase ~1% YoY on average. Sun Life Financial ( SLF ) is expected to be the only lifeco with a QoQ increase in its core EPS, primarily because results were weak last quarter, Mihelic adds.

RBC also expects a small sequential increase in average retail AUMs and net outflows for all the lifecos it covers.

Reported EPS is expected to decrease ~6% QoQ but increase ~21% YoY primarily because non-core market experience losses were large last year, and Mihelic believes these losses have subsided somewhat.

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