Sun Life (SLF) gets rid of a headache, agreeing to sell its U.S. annuity business to Delaware...

|About: Sun Life Financial, Inc. (SLF)|By:, SA News Editor

Sun Life (SLF) gets rid of a headache, agreeing to sell its U.S. annuity business to Delaware Life Holdings for $1.35B. "This transaction ... significantly advances our strategy of reducing Sun Life's risk profile and earnings volatility." Conference call is set for 8:30 ET. (PR)