Q4'24 financial & operating results For the period ended December 31, 2024 Sun Life Financial Inc. (unaudited) In this presentation, Sun Life Financial Inc. ("SLF" or "SLF Inc."), its subsidiaries and, where applicable, its joint ventures and associates are collectively referred to as "we", "us", "our", "Sun Life" and the "Company". Reported net income (loss) refers to Common shareholders' net income (loss) determined in accordance with IFRS. Forward-looking statements Certain statements in this presentatio ...

Sun Life (SLF) came out with quarterly earnings of $1.20 per share, missing the Zacks Consensus Estimate of $1.24 per share. This compares to earnings of $1.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.23%. A quarter ago, it was expected that this financial services company would post earnings of $1.25 per share when it actually produced earnings of $1.29, delivering a surprise of 3.20%.Over the last four quarters, th ...

Sun Life Reports Fourth Quarter and Full Year 2024 Results The information in this document is based on the unaudited interim financial results of Sun Life Financial Inc. ("SLF Inc.") for the period ended December 31, 2024. SLF Inc., its subsidiaries and, where applicable, its joint ventures and associates are collectively referred to as "the Company", "Sun Life", "we", "our", and "us". We manage our operations and report our financial results in five business segments: Asset Management, Canada, United Stat ...

TORONTO, Feb. 12, 2025 /PRNewswire/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.84 per share on the common shares of the Company has been declared, payable March 31, 2025 to shareholders of record at the close of business on February 26, 2025. This is the same amount as paid in the previous quarter. The Board also announced that the following dividends have been declared on the Company's Class A Non-Cumulative ...

Core Insights - Sun Life Financial Inc. reported strong underlying net income growth in Asia and Canada, with increases of 17% and 6% respectively compared to the previous year [3] - The company experienced a 20% increase in Individual Protection sales and an 18% rise in new business Contractual Service Margin (CSM) [3] - Despite strong performance in certain segments, reported net income was impacted by market conditions and an impairment in the Vietnam business [4] Financial Performance - Underlying net income for Q4 2024 was $965 million, a decrease of 2% from Q4 2023, while full-year underlying net income increased by 3% to $3,856 million [9][53] - Reported net income for Q4 2024 was $237 million, down 68% from the previous year, with a full-year reported net income of $3,049 million, a decrease of 1% [9][53] - Underlying Return on Equity (ROE) was 16.5% for Q4 2024, down from 18.4% in Q4 2023, while reported ROE was 4.0% compared to 14.0% in the prior year [9][53] Business Segment Highlights - **Asset Management**: Underlying net income increased by 9% to $360 million, with reported net income rising by 10% to $326 million [12] - **Canada**: Underlying net income rose by 5% to $366 million, while reported net income decreased by 27% to $253 million due to market-related impacts [19] - **U.S.**: Underlying net income decreased by 39% to $115 million, with a reported net loss of $1 million compared to a net income of $77 million in the prior year [22] - **Asia**: Underlying net income increased by 22% to $175 million, but reported net income fell by 75% to $11 million due to an impairment charge [26] Growth Metrics - Total assets under management (AUM) reached $1.542 trillion, an increase of 10% or $142 billion from December 31, 2023 [9][71] - Wealth sales and asset management gross flows for Q4 2024 were $60.999 billion, a 33% increase year-over-year [66] - Group Health & Protection sales decreased by 13% from the previous year, while individual protection sales increased by 5% [67][68] Financial Strength - The Life Insurance Capital Adequacy Test (LICAT) ratio for Sun Life Financial Inc. was 152% at the end of Q4 2024, up from 149% in the previous year [5][11] - The financial leverage ratio was reported at 20.1%, a decrease from 21.5% in Q4 2023 [5][11] Strategic Initiatives - Sun Life launched various health solutions, including the Lumino Health Pharmacy App, which saw a 40% increase in registered users [20] - The company also expanded its capabilities in the U.S. with the Clinical 360+ program, enhancing member access to healthcare services [24]

WELLESLEY, Mass., Feb. 10, 2025 /PRNewswire/ -- Sun Life U.S. has expanded its Family Leave Insurance (FLI) offering to Georgia, Louisiana, Mississippi and South Carolina, with more states on the way. Sun Life currently offers FLI in Alabama, Arkansas, Florida, Kentucky, Oklahoma, Tennessee and Texas. The fully insured offering broadens workers' access to paid leave, giving more employers the option to easily provide a valuable benefit to their employees. Sun Life has long been an advocate for paid leave, w ...

The market expects Sun Life (SLF) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

TORONTO, Jan. 29, 2025 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) will release its fourth quarter financial results on Wednesday, February 12, 2025 after markets close. A live webcast of the quarterly results will be available the following day – February 13, 2025 at 10:00 a.m. ET Date:     Thursday, February 13, 2025Time:    10:00 a.m. ET Access the call and presentation via live webcast.Access the call via telephone. The webcast replay will be available after the event. About Sun Life S ...

WELLESLEY, Mass. and TORONTO, Jan. 23, 2025 /PRNewswire/ -- Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) announced today that it is supporting people affected by the wildfires in California with $225,000 in donations to multiple community organizations providing services to affected areas across Los Angeles County. The wildfires in the Los Angeles area are among the largest there in recent history, burning more than 30,000 acres and destroying thousands of homes. Local donation recipients are: YMCA of Me ...

A month has gone by since the last earnings report for Sun Life (SLF) . Shares have added about 6.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Sun Life due for a pullback? 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. Sun Life Financial Q3 Earnings Surpass Estimates, Improve ...