Sun Life

Sun Life seeks China profitability

Sun Life Financial’s Asia President Kevin Strain tells FinanceAsia how he plans to put the company on track to profitability in China by 2015.

After growing rapidly in Asia, Sun Life Financial is now looking to become more profitable in the region by selling more higher-margin protection products such as health and accident insurance.

The Canadian insurer expects its push will tip its China operations into the black by next year.

“So we’ve built scale and now we’re shifting to a more profitable mix whilst still trying to grow  which is hard,” Sun Life's Asia President Kevin Strain said in an interview with FinanceAsia.

Sun Life is targeting an operating net income in Asia of C$225 million by 2015, up from C$157 million in...

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