Sun Life Financial Inc CEO Kevin Strain said on Tuesday the company’s U.S. dental insurance business was improving after losing money in the latest quarter, and was on track to hit its goal for $100 million in earnings in that segment in 2025. The dental segment posted a loss for the second quarter hit by Medicaid redeterminations that pressure Medicaid and Medicare Advantage sales leading to a 5% fall in the US segment’s core earnings. As more Medicaid contracts are repriced along with broader expense reductions, the segment is expected to see improvements.
Sun Life Financial Inc CEO Kevin Strain said on Tuesday the company’s U.S. dental insurance business was improving after losing money in the latest quarter, and was on track to hit its goal for $100 million in earnings in that segment in 2025. The dental segment posted a loss for the second quarter hit by Medicaid redeterminations that pressure Medicaid and Medicare Advantage sales leading to a 5% fall in the US segment’s core earnings. As more Medicaid contracts are repriced along with broader expense reductions, the segment is expected to see improvements.
