(Bloomberg) -- Sun Life Financial Inc. rallied 40 percent last year as investors rewarded decisions to shed riskier assets and emphasize insurance and wealth management. Chief Executive Officer Dean Connor says the narrower focus can still boost earnings in 2013.

“This is a transformational change for Sun Life that substantially de-risks the company, strengthens our balance sheet and provides funding for smaller acquisitions that can move our strategy forward,” Connor said in an e-mail interview yesterday.

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