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Sun Life posts strong growth on employee benefits business

Posted On: Nov. 4, 2022 10:24 AM CST

Canada-based Sun Life Financial Inc. reported that its benefits business in the U.S. grew 84% to $267 million U.S. in the third quarter, driven by higher dental and employee benefit sales, Reuters reports. The company, Canada’s No. 2 insurer, believes rising wages, driven by inflation and a tight labor market, will help its benefits business grow further.