02:15 PM EDT, 05/09/2025 (MT Newswires) -- (Updates with stock price movement in the headline and the first paragraph.)

Sun Life Financial ( SLF ) shares were up 4.7% in recent trading on Friday after the company reported Q1 underlying earnings that surpassed analysts' expectations.

The company reported Q1 underlying earnings late Thursday of 1.82 Canadian dollars ($1.31) per diluted share, up from CA$1.50 a year earlier.

Analysts polled by FactSet expected CA$1.70.

As of March 31, the company had cash, cash equivalents and short-term securities of CA$617 million.

Further, the company said it increased its quarterly dividend to CA$0.88 per share from CA$0.84, payable June 30 to shareholders of record as of May 28.

Price: 62.73, Change: +2.79, Percent Change: +4.65