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Sun Life Financial Inc
F:LIE

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Sun Life Financial Inc
F:LIE
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Price: 59.92 EUR 0.77% Market Closed
Market Cap: €34.8B

Sun Life Financial Inc
Investor Relations

Sun Life Financial is a Canadian financial services company that sells life insurance, health and dental coverage, retirement products, and investment and asset management services. It serves individual customers, employers that buy employee benefits, and institutional clients such as pension plans and other large investors. In simple terms, it helps people and organizations protect income, pay for healthcare, and save and invest for the future. The company makes money in a few main ways. Insurance customers pay premiums, asset and wealth clients pay management and advisory fees, and the company also earns investment income on the funds it holds to support its insurance promises. That mix gives Sun Life two different earnings engines: underwriting risk in insurance and collecting fees for managing money. What makes Sun Life different is that it sits between the insurance world and the investment world. Many insurers mainly sell protection products, while many asset managers mainly collect fees on investments. Sun Life does both, which lets it serve the full financial needs of the same customer base, especially employers and higher-income individuals who want benefits, savings, and insurance from one provider.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 7, 2026
AI Summary
Q1 2026

Solid quarter: Sun Life reported underlying net income of $1.05 billion, with underlying EPS up 4% and underlying ROE at 18.6%, keeping the company on track toward its 20% medium-term target.

Capital held firm: LICAT finished at 143% after the BGO and Crescent acquisitions, and management emphasized that the balance sheet remains strong despite a 14-point decline from the prior quarter.

Asia shined: Insurance sales in Asia rose 49% and topped $1 billion for the first time in a quarter, led by Hong Kong and Indonesia.

Asset management reset: Sun Life Asset Management had a weaker quarter because of missing catch-up fees and seed income, but management expects earnings to improve over the rest of 2026 as the platform is integrated.

U.S. mix shift: The company is deliberately repricing and exiting some underperforming dental and Medicaid business while pushing harder into commercial dental and stop-loss, where management sees better margins.

Capital return: Sun Life raised its common dividend by 4% to $0.96 per share and renewed its normal course issuer bid for up to 10 million shares.

Key Financials
Underlying net income
$1.05 billion
Underlying EPS
4% growth
Underlying ROE
18.6%
LICAT ratio
143%
Dividend
$0.96 per share
NCIB
up to 10 million shares
Insurance sales
$1.7 billion
Individual insurance sales
$1.2 billion
Group Insurance sales
$552 million
New business CSM
6% growth
Sun Life Asset Management underlying net income
$265 million
Sun Life Asset Management managed assets
7% growth
Canada underlying net income
$370 million
Canada Wealth AUMA
$261 billion
U.S. underlying net income
up 6%
Medical stop-loss sales
43% growth
Asia underlying net income
up 23%
Asia insurance sales
$1 billion+
Hong Kong individual insurance sales
75% growth
Indonesia sales
40% growth
CSM
$14.7 billion
Book value per share
$41.10
Financial leverage ratio
23.2%
Dividend yield
4.2%
Holdco cash
$1.3 billion
Stop-loss morbidity experience
CAD 8 million
Straight-through underwriting
40%
Average issuance time
11 days
SLC assets
$400 billion singular global asset management platform
Total assets across SLC
$1.4 trillion
Aditya Birla Sun Life AMC AUM
$60 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Kevin David Strain C.A., CPA
President, CEO & Director
No Bio Available
Mr. Daniel Richard Fishbein
President of Sun Life U.S.
No Bio Available
Mr. Jacques Goulet Jr.
President of Sun Life Canada
No Bio Available
Mr. Manjit Singh C.A., CPA
President of Sun Life Asia
No Bio Available
Mr. Timothy Deacon
Executive VP & CFO
No Bio Available
Ms. Laura Ann Money
Executive VP & Chief Technology Innovation Officer
No Bio Available
Ms. Maya Beri
SVP & Chief Information Officer
No Bio Available
Mr. David Garg
Senior VP of Capital Management & Investor Relations
No Bio Available
Ms. Melissa Jane Kennedy
Executive VP and Chief Legal Officer & Public Policy Officer
No Bio Available
Ms. Anne C. Sonnen
Senior VP & Chief Compliance Officer
No Bio Available

Contacts

Address
ONTARIO
TORONTO
1 York Street
Contacts
+14169799966.0
www.sunlife.ca
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