![]() ![]() “Keyport and Independent Financial will add scale, strengthen our product portfolio and expand our distribution in key target product markets in North America.” acquisitions represent a significant milestone for Sun Life Financial,” said Donald Stewart, chairman and CEO. The company had sales of US$3.3 billion in 2000. Keyport’s 2000 variable annuity sales of US$717 million will bring Sun Life Financial’s pro forma variable annuity sales to US$5.1 billion.īased in Purchase, New York, Independent Financial is a leading provider of annuities and mutual funds to financial institutions across the U.S. With approximately 300,000 outstanding annuity contracts, Keyport generated total annuity sales of US$2.7 billion in 2000. ![]() Keyport is a Boston-based provider of fixed and variable annuities. ![]() Regulators in the United Sttes and Canada, as well as shareholders of Liberty Financial, approved the acquisition. Sun Life paid a total of US$1.7 billion for both companies. and Independent Financial Marketing Group from Liberty Financial Companies Inc. ![]() has closed the purchase of Keyport Life Insurance Co. Sun Life Financial Services of Canada Inc. ![]()
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