TORONTO, March 25, 2025 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) (the "Company") today announced that its Annual Meeting of shareholders and the Annual Meeting of voting policyholders of Sun Life Assurance Company of Canada scheduled for Thursday, May 8, 2025 will be held both via live webcast and in person. The Company also announced that its 2024 Annual Report and its Notice of Annual Meeting and Management Information Circular for the 2025 annual meeting are now available.Annual Meet ...

The three-year agreement will help thousands of at-risk children connect to long-term dental services in their communityWELLESLEY, Mass., March 25, 2025 /PRNewswire/ -- Sun Life U.S. and DentaQuest, part of its Dental business, today announced a three-year agreement to continue supporting TeamSmile as it aims to help more underserved children get oral healthcare and education. With a funding total of $825,000 over three years, this partnership will help reach even more children served through TeamSmile's fl ...

Core Insights - Sun Life Financial Inc. appointed Natalie Brady as Senior Vice-President, Capital Management and Investor Relations, bringing 25 years of experience within the company [1][2] - Natalie will oversee engagement strategies with institutional investors, analysts, and rating agencies, and manage Treasury and Capital Management teams [2] - Sun Life operates in multiple global markets and had total assets under management of $1.54 trillion as of December 31, 2024 [3] Company Overview - Sun Life is a leading international financial services organization providing asset management, wealth, insurance, and health solutions [3] - The company has operations in various countries, including Canada, the United States, the United Kingdom, and several Asian markets [3] - Sun Life trades on the Toronto, New York, and Philippine stock exchanges under the ticker symbol SLF [4]

Shares of Sun Life Financial Inc. (SLF) have risen 3% in the past year. It, however, underperformed the industry’s growth of 13.1%, the Finance sector’s return of 14.5% and the S&P 500 composite’s appreciation of 7.6%.With a market capitalization of $32.40 billion, the average volume of shares traded in the last three months was 0.7 million.SLF One Year Price PerformanceImage Source: Zacks Investment ResearchSun Life closed at $56.71 on Wednesday and is trading above the 200-day simple moving average (SMA) ...

Core Insights - Sun Life's Executive Vice President & Chief Financial Officer, Tim Deacon, will participate in a fireside chat at the National Bank Financial Markets' 23rd Annual Financial Services Conference on March 26, 2025, at 11:30 a.m. ET [1] - Sun Life is a prominent international financial services organization that offers asset management, wealth, insurance, and health solutions to both individual and institutional clients [1] - As of December 31, 2024, Sun Life reported total assets under management amounting to $1.54 trillion [1] Company Overview - Sun Life operates in various global markets, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda [1] - The company is publicly traded on the Toronto (TSX), New York (NYSE), and Philippine (PSE) stock exchanges under the ticker symbol SLF [2]

Company Overview - Sun Life Financial Inc. was founded in 1865 and has evolved from a Canadian insurance company into a global leader in asset management and insurance, serving both individual and institutional clients [2] - The company operates in 28 markets and serves over 85 million clients worldwide, with a mission to help clients achieve lifetime financial security and healthier lives [3] Financial Performance - Over the past decade, Sun Life has returned a total of $16.2 billion to shareholders, highlighting its strong financial performance and commitment to shareholder value [2] Milestones - Sun Life celebrated its 25th listing anniversary on the Toronto Stock Exchange, where it began trading on March 23, 2000, alongside its 160th anniversary of incorporation [1][2] - The market opening ceremony was attended by key executives, including the President & CEO and the Executive Vice-President & CFO [1] Corporate Culture and Purpose - The company emphasizes a culture focused on transforming lives and creating meaningful impacts, which will continue to guide its operations for the next 160 years and beyond [3]

It has been about a month since the last earnings report for Sun Life (SLF) . Shares have lost about 1.8% in that time frame, outperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Sun Life due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns out ...

Group 1 - The analysis on Sun Life Financial Inc. (TSE: SLF, NYSE: SLF) was conducted prior to its Q4'24 report, indicating an optimistic outlook for the stock [1] - The author of the analysis has extensive experience in trading stocks and options, contributing to the credibility of the insights provided [1] Group 2 - The article does not provide any specific financial data or performance metrics related to Sun Life Financial Inc. [2][3]

Financial Data and Key Metrics Changes - Underlying net income for Q4 2024 was $965 million, down 2% year-over-year, while underlying earnings per share remained flat at $1.68 [22] - Full year underlying net income increased 3% to $3.9 billion, with underlying earnings per share up 5% to $6.66 [22] - The LICAT ratio stood at 152%, indicating a strong capital position [9][28] Business Line Data and Key Metrics Changes - Wealth and Asset Management underlying earnings rose 11% year-over-year due to higher fee income, while Group health and protection earnings fell 27% due to unfavorable morbidity experience in the U.S. [24] - Individual protection underlying net income increased 19% year-over-year, driven by improved protection experience and higher contributions from Asia joint ventures [24] - SLC Management achieved record capital raising of $10.2 billion in Q4, with net inflows of $14.1 billion [35] Market Data and Key Metrics Changes - In Canada, Group Benefits revenue increased by 11% year-over-year, while in the U.S., Group Benefits revenue grew by 6% [13] - Asia's underlying net income reached over $700 million, up 17% year-over-year, with total CSM growing by 30% [20][44] - MFS's assets under management were $606 billion, up 1% year-over-year, but down 6% from the prior quarter due to net outflows and market depreciation [31] Company Strategy and Development Direction - The company is focused on helping clients achieve lifetime financial security and improving health outcomes [6][45] - There is a commitment to digital leadership, with initiatives like virtual care services and AI tools for advisers [15][16] - The company aims to maintain a balanced and diversified business strategy to meet medium-term objectives [46] Management's Comments on Operating Environment and Future Outlook - Management noted that the U.S. stop-loss claims experience was adversely affected by higher claims severity, which is a trend observed across the industry [6][24] - The company anticipates continued pricing actions to address the increased severity in claims, with a projected 14% price increase effective January 1, 2025 [55][66] - Management expressed confidence in the company's strategy and ability to navigate the current operating environment [84] Other Important Information - The company reported a significant impairment charge related to bancassurance agreements in Vietnam, reflecting updates to the outlook based on industry factors [26] - Organic capital generation was solid at $350 million for the quarter, representing 36% of underlying net income [28] Q&A Session Summary Question: What is the outlook for the stop-loss loss ratio? - Management indicated that the full year loss ratio for stop-loss in 2024 was 74%, slightly above the pricing target of 73%, and significant price increases are expected for 2025 [54][66] Question: Can you elaborate on the adverse morbidity experience? - Management confirmed that the adverse morbidity experience in Q4 was approximately $50 million, and they do not expect such adjustments to recur in a single quarter [114] Question: What is the impact of the stronger U.S. dollar on tax-exempt income? - Management explained that the strengthening of the U.S. dollar led to lower tax-exempt income on foreign currency assets, resulting in an unusual tax loss for the year [90][92] Question: What are the drivers behind the increase in severity of claims? - Management identified three main drivers: more advanced cancer cases, an increase in premature births, and rising hospital prices [138][142]

Core Insights - Sun Life Financial Inc. (SLF) reported a fourth-quarter 2024 underlying net income of $1.20 per share, missing the Zacks Consensus Estimate by 3.2% and reflecting a year-over-year decrease of 2.4% [1][2] - The company's underlying net income totaled $689.6 million (C$965 million), down 2% year over year, primarily due to a decline in Group - Health & Protection underlying net income [2] - Revenues fell 60.9% year over year to $5.9 billion, missing the Zacks Consensus Estimate by 11.9% [2] Financial Performance - The new business contractual service margin was reported at $218.6 million (C$306 million), down 19.7% year over year [3] - SLF Canada's underlying net income increased by 22.4% year over year to $261.6 million (C$366 million), driven by better performance in Wealth & Asset Management and Individual - Protection [4] - SLF U.S. reported an underlying net income of $161 million, a decrease of 36.4% year over year, attributed to soft performance in Group - Health & Protection and Individual - Protection [5] - SLF Asset Management's underlying net income grew 8.8% year over year to $257 million (C$360 million), supported by higher fee income [6] - SLF Asia's underlying net income increased by 22.4% year over year to $125 million (C$175 million), driven by improved results in Wealth & Asset Management and Individual - Protection [7] Sales and Asset Management - Wealth sales & asset management gross flows increased by 33.3% year over year to $43.6 billion (C$61 billion) in the quarter [2] - SLF's Asset Management AUM reached $779 billion (C$1,121.3 billion), marking a 10% year-over-year increase [6] - SLC Management's AUM increased by 12% year over year to $18.8 billion (C$27 billion) [6] Financial Ratios and Dividends - Global assets under management were reported at $1.1 trillion (C$1,542 billion), up 10% year over year [9] - Sun Life Assurance's LICAT ratio was 146% as of December 31, 2024, expanding 500 basis points from January 1, 2023 [9] - The company declared a dividend of 84 cents per share in the reported quarter [11]