The Globe and Mail reports in its Friday edition that Canada's two largest insurers beat analysts' profit expectations for the last quarter of 2025 as the industry continues to show broad resilience to U.S. trade wars and market volatility. The Globe's Clare O'Hara writes that Sun Life and Manulife ended the year with strong profit gains across both their asset management divisions and individual and group life insurance sales. Sun Life reported "underlying" net income of $1.09-billion or $1.96 a share for the quarter ended Dec. 31. The company earned $965-million or $1.68 a share in the same period of 2024. Manulife also reported a jump in its fourth-quarter "core earnings" to $2-billion or $1.12 a share, compared with $1.91-billion or $1.03 a year earlier. The insurer also announced a 10-per-cent increase to its dividend to 49 cents per share. Both insurers emphasize versions of earnings that strip out investment losses and make other accounting adjustments. Manulife calls its figure "core earnings," while Sun Life describes its as "underlying net income." Sun Life and Manulife both beat analysts' expectations, which were set at $1.87 a share and $1.06 a share, respectively, according to an RBC Capital Markets report.