Sun Life Financial Inc., a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services. It distributes its products through direct sales, and managing and independent general agents, as well as financial intermediaries, broker-dealers, banks, pension and benefits consultants, and other third-party marketing organizations. The company was founded in 1871 and is headquartered in Toronto, Canada.
IPO Year:
Exchange: NYSE
Website: sunlife.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/7/2025 | Equal Weight → Underweight | Barclays | |
1/15/2025 | Sector Perform → Outperform | National Bank Financial | |
9/5/2024 | Equal Weight | Barclays | |
2/22/2024 | Buy | Jefferies | |
5/15/2023 | Sector Perform → Outperform | RBC Capital Mkts | |
2/10/2023 | Sector Outperform → Neutral | CIBC | |
1/12/2023 | Outperform | Credit Suisse | |
2/10/2022 | Outperform → Sector Perform | National Bank Financial | |
2/10/2022 | $79.00 → $77.00 | Outperform → Sector Perform | National Bank Of Canada |
11/5/2021 | $71.00 → $74.00 | Sector Perform | RBC Capital |
The award demonstrates his meaningful commitment to improving oral healthcare among special populations WELLESLEY, Mass., July 14, 2025 /PRNewswire/ -- DentaQuest, part of Sun Life U.S., has announced Dr. Damien Cuffie, dental director in Louisiana, was named one of the National Dental Association's (NDA) 2025 "40 Under 40" honorees. This prestigious recognition celebrates the nation's top dentists under the age of 40 who have demonstrated outstanding achievements, leadership and a deep commitment to community service. The recipients represent a wide array of dental careers, i
WELLESLEY, Mass., July 10, 2025 /PRNewswire/ -- Sun Life U.S., including DentaQuest, is supporting relief efforts underway in Texas following the recent flash flooding. The $50,000 donation will go to two nonprofits, with $25,000 for Community Foundation of the Texas Hill Country's Kerr County Flood Relief Fund and $25,000 for TEXSAR (Texas Search and Rescue). Each year, Sun Life U.S. also makes a $20,000 donation to the American Red Cross to support ongoing emergency preparedness work. "We offer our sincerest condolences to those who have lost loved ones amid this disaster,"
More Canadians are adjusting, not abandoning, their retirement and investment strategy when faced with economic uncertainty TORONTO, July 8, 2025 /CNW/ - When it comes to saving for retirement Canadians are holding strong. New data shows people are taking a measured response when faced with market volatility. Sun Life's 2025 Designed for Savings report paints a clear picture on how Canadians are adjusting their investment strategies instead of abandoning their retirement savings. The benchmark report uses data from 1.5 million Sun Life group retirement plan members to identify workplace savings trends in Canada. The report shows the consistency and resiliency of workplace plans and members:
New technology enables advisors to spend less time on note taking, and more time helping Clients achieve lifetime financial security TORONTO, June 26, 2025 /CNW/ - Sun Life Canada has developed and launched a Notes Assistant tool powered by GenAI to efficiently and securely summarize Client meetings for advisors. This technology enables advisors to move with purpose and speed, spending less time on administrative operations and more quality time with Clients and the conversations that matter. "This note-taking tool might be the best process upgrade delivered to advisors that I
TORONTO, June 20, 2025 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) today announced that 1,400 of its 6,217,331 Class A Non-cumulative Rate Reset Preferred Shares Series 8R (the "Series 8R Shares") have been elected for conversion on June 30, 2025, on a one-for-one basis, into Class A Non-cumulative Floating Rate Preferred Shares Series 9QR (the "Series 9QR Shares"), and 2,664,916 of its 4,982,669 Series 9QR Shares have been elected for conversion on June 30, 2025 on a one-for-one basis into Series 8R Shares. Consequently, on June 30, 2025, Sun Life will have 8,880,847 Series 8R Shares and 2,319,153 Series 9QR Shares issued and outstanding. The Series 8R Shares and Series 9QR
TORONTO, June 19, 2025 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) is pleased to announce the appointment of Brennan Kennedy as Senior Vice-President and Chief Actuary, effective October 4, 2025. Brennan is currently Sun Life's Senior Vice-President of Global Asset Liability Management. In his new role, Brennan will provide leadership, direction and vision for the actuarial functions across the organization with a focus on talent development, leading-edge technology solutions, innovations and thought leadership in support of Sun Life's strategic imperatives and Client Impact Strategy. He will partner closely with business groups and corporate functions to apply actuarial be
Sun Life data shows many Canadians on disability are living with more than one chronic health condition TORONTO, June 19, 2025 /CNW/ - The latest report in Sun Life's Designed for Health series reveals a troubling trend in long-term disability (LTD) claims among Canadians. Mental disorders, circulatory disorders and cancer are the top three reasons for LTD, but their claims don't stop there. Employees on disability leave are increasingly struggling with multiple, overlapping health disorders, making their LTD claim more complex. Multiple chronic conditions (known as "comorbidities" or "multiple morbidities") have become more common among Canadians. Sun Life looked at the drug claims data f
New service embedded in Sun Life stop-loss coverage boosts employees' understanding of cancer diagnoses and confidence in treatment plans WELLESLEY, Mass., June 18, 2025 /PRNewswire/ -- Sun Life U.S., the leading independent provider of medical stop-loss insurance in the country, today announced the launch of its Expert Cancer Review service, which provides members facing a cancer diagnosis with access to an objective, documented second opinion from an independent oncology specialist. The new service will be embedded in new and renewing Sun Life stop-loss plans beginning July 1.
WELLESLEY, Mass. and NEW YORK, June 9, 2025 /PRNewswire/ -- Sun Life U.S., a top ten group benefits provider, and Wellthy, a personalized care concierge platform, have partnered to make it easier for life insurance members and their families to navigate the complex challenges associated with bereavement and end-of-life care. The enhancement builds on Sun Life's ongoing commitment to deliver solutions that help improve access to care and make health and benefits easier. Wellthy supports a broad range of care needs with personalized guidance, advocacy and resources for families.
WELLESLEY, Mass., June 5, 2025 /PRNewswire/ -- Dan Fishbein, M.D., president, Sun Life U.S., released the following statement in support of the Workers' Disability Benefits Parity Act, introduced today by Congressmen Mark DeSaulnier (CA-10) and Robert Scott (VA-03). This legislation would enhance long-term disability insurance benefits by requiring that mental health conditions be covered similarly to most physical conditions. Sun Life first called on Congress in 2023 to make these improvements to disability coverage. "This legislation rightly recognizes that mental health is
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Barclays downgraded Sun Life from Equal Weight to Underweight
National Bank Financial upgraded Sun Life from Sector Perform to Outperform
Barclays initiated coverage of Sun Life with a rating of Equal Weight
Jefferies initiated coverage of Sun Life with a rating of Buy
RBC Capital Mkts upgraded Sun Life from Sector Perform to Outperform
CIBC downgraded Sun Life from Sector Outperform to Neutral
Credit Suisse initiated coverage of Sun Life with a rating of Outperform
National Bank Financial downgraded Sun Life from Outperform to Sector Perform
National Bank Of Canada downgraded Sun Life Financial from Outperform to Sector Perform and set a new price target of $77.00 from $79.00 previously
RBC Capital reiterated coverage of Sun Life Financial with a rating of Sector Perform and set a new price target of $74.00 from $71.00 previously
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TORONTO, June 19, 2025 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) is pleased to announce the appointment of Brennan Kennedy as Senior Vice-President and Chief Actuary, effective October 4, 2025. Brennan is currently Sun Life's Senior Vice-President of Global Asset Liability Management. In his new role, Brennan will provide leadership, direction and vision for the actuarial functions across the organization with a focus on talent development, leading-edge technology solutions, innovations and thought leadership in support of Sun Life's strategic imperatives and Client Impact Strategy. He will partner closely with business groups and corporate functions to apply actuarial be
Dr. Gray to lead evidence-based clinical direction for all of Sun Life U.S. Dental WELLESLEY, Mass., June 3, 2025 /PRNewswire/ -- Sun Life U.S. today announced the appointment of Dr. Todd Gray as Chief Dental Officer (CDO) for its Dental business, which includes DentaQuest. Dr. Gray will focus on enhancing the organization's clinical strategy, including implementing evidence-based improvements, overseeing quality, strengthening collaboration with dental providers and dental professional associations, and driving innovation in oral healthcare. "This dedicated clinical leadershi
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 Meetings of Shareholders and Voting PolicyholdersShareholders and voting pol
WELLESLEY, Mass., Oct. 1, 2024 /PRNewswire/ -- Sun Life U.S. has named Maya Beri chief information officer (CIO). Beri brings decades of experience in technology and IT strategy to the Sun Life U.S. business, most recently serving as senior managing director, CIO, for SLC Management, a Sun Life company. In her new role, Beri will oversee the expansion of digital solutions that make health and benefits easier to use and help members access the care and coverage they need. "We're fortunate to have a deep well of talent in the Sun Life enterprise and pleased that Maya is joining
Hoops for My Hometown: Encouraging healthy lifestyles for young people, one court at a time QUEBEC CITY , Sept. 18, 2024 /CNW/ - Sun Life and the Fondation Maurice-Tanguay are proud to announce the official opening of the first two basketball courts to be delivered under the Hoops for My Hometown program. The courts are located in L'Anse-Tibbits Park in Lévis and at Patro Roc-Amadour in Limoilou. They will serve as community spaces, encourage young people to stay active and add to the vitality of their neighbourhoods. Healthy and sustainable communities through sport Hoops for My Hometown, launched in summer 2023, reflects the two organizations' commitment to young people's physical and men
TORONTO, Sept. 11, 2024 /PRNewswire/ - Kevin Strain, President and Chief Executive Officer of Sun Life is pleased to announce leadership changes to Sun Life Canada that will continue to drive the company's strong momentum. Jacques Goulet is assuming a new role as Executive Chair, Sun Life Canada and Jessica Tan will succeed him as President, Sun Life Canada. These changes are effective September 30, 2024. In his new role, Mr. Goulet will support a smooth leadership transition and help deliver on key elements of our enterprise strategy. Mr. Goulet will also continue as the Chair of the Board of Directors for Dialogue, Sun Life Canada's leading virtual care business, and in his leadership rol
TORONTO, July 31, 2024 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) is pleased to announce the appointments of Patrick Cronin and Stacey Madge to the Sun Life Board of Directors, effective July 31, 2024. Mr. Cronin is a seasoned financial executive with a distinguished career spanning over 30 years in the banking and financial services industries across Canada, U.S. and international markets. Most recently, Mr. Cronin served as Special Advisor to the CEO for BMO Financial Group. Prior to that role, he was the bank's Chief Risk Officer, where he provided independent review and oversight of enterprise-wide risks and fostered a strong risk culture across the bank. He played a pi
TORONTO, March 26, 2024 /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 9, 2024 will be held both via live webcast online and in person. The Company also announced that its 2023 Annual Report and its Notice of Annual Meeting and Management Information Circular for the 2024 annual meeting are now available. Annual Meetings of Shareholders and Voting Policyholders Shareholders and voting policyholders will have the opportunity to attend the meeting in person, at the address set out below, or virtu
TORONTO, March 25, 2024 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) is pleased to announce the appointment of Timothy (Tim) Deacon as Executive Vice-President and Chief Financial Officer, reporting to Kevin Strain, President and CEO, Sun Life, effective April 8, 2024. Mr. Deacon will become a member of Sun Life's global Executive Team. He succeeds Manjit Singh, who is now President of Sun Life Asia. Mr. Singh will continue in his role as President of Sun Life Asia and as CFO until Mr. Deacon assumes his new role. Mr. Deacon brings over 20 years of global experience in Insurance, Wealth and Asset Management, Investments and Capital Markets. He has a proven track record of su
Statement from Sun Life U.S. President, Dan Fishbein, M.D., on the ERISA Advisory Council's recommendation to Congress WELLESLEY, Mass., Dec. 12, 2023 /PRNewswire/ -- Today, Dan Fishbein, M.D., president of Sun Life U.S., released the following statement regarding the ERISA Advisory Council's recommendation that Congress pass legislation to require mental health parity in long-term disability insurance. Sun Life U.S. supports ERISA recommendation to Congress for mental health parity in disability insurance."Mental health is health, unequivocally. Just as with physical conditio
TORONTO, June 20, 2025 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) today announced that 1,400 of its 6,217,331 Class A Non-cumulative Rate Reset Preferred Shares Series 8R (the "Series 8R Shares") have been elected for conversion on June 30, 2025, on a one-for-one basis, into Class A Non-cumulative Floating Rate Preferred Shares Series 9QR (the "Series 9QR Shares"), and 2,664,916 of its 4,982,669 Series 9QR Shares have been elected for conversion on June 30, 2025 on a one-for-one basis into Series 8R Shares. Consequently, on June 30, 2025, Sun Life will have 8,880,847 Series 8R Shares and 2,319,153 Series 9QR Shares issued and outstanding. The Series 8R Shares and Series 9QR
TORONTO, May 30, 2025 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) today announced the applicable dividend rates for its Class A Non-Cumulative Rate Reset Preferred Shares Series 8R (the "Series 8R Shares") and Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR (the "Series 9QR Shares"). With respect to any Series 8R Shares that remain outstanding after June 30, 2025, commencing as of such date, holders thereof will be entitled to receive non-cumulative preferential cash dividends on a quarterly basis, as and when declared by the Board of Directors of Sun Life and subject to the Insurance Companies Act (Canada). The dividend rate for the five-year period commenc
TORONTO, May 15, 2025 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) ("Sun Life") today announced that it does not intend to exercise its right to redeem its currently outstanding Class A Non-Cumulative Rate Reset Preferred Shares Series 8R (the "Series 8R Shares") nor its currently outstanding Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR (the "Series 9QR Shares") on June 30, 2025. As a result, subject to certain conditions, the holders of Series 8R Shares have the right to convert all or a part of their Series 8R Shares on a one-for-one basis into Series 9QR Shares, and the holders of Series 9QR Shares have the right to convert all or a part of their Series
TORONTO, May 8, 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 $0.88 per share on the common shares of the Company has been declared, payable June 30, 2025 to shareholders of record at the close of business on May 28, 2025. This represents a 4 cent increase to the amount paid in the previous quarter. The Board also announced that the following dividends have been declared on the Company's Class A Non-Cumulative Preferred Shares, payable on June 30, 2025 to shareholders of record at the close of business on May 28, 2025: Series 3 $0.278125 per share Series 4 $0.278125 per share Series
Sun Life Financial Inc. ("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 States ("U.S."), Asia, and Corporate. The information in this document is based on the unaudited interim financial results of SLF Inc. for the period ended March 31, 2025 and should be read in conjunction with the interim management's discussion and analysis ("MD&A") and our unaudited interim consolidated financial statements and accompanying notes ("Interim Consolidated Financial Stat
TORONTO, April 24, 2025 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) will release its first quarter financial results on Thursday, May 8, 2025 after markets close. A live webcast of the quarterly results will be available the following day – May 9, 2025 at 10:00 a.m. ET Date: Friday, May 9, 2025 Time: 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 Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of m
TORONTO, March 20, 2025 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) announced the appointment of Natalie Brady as Sun Life's Senior Vice-President, Capital Management and Investor Relations. With 25 years at Sun Life, Natalie is a well-respected leader with deep experience and expertise in Finance, Risk and Actuarial across our Canadian and Corporate businesses. Most recently, she served as our Senior Vice-President, Head of Enterprise Finance, where she successfully led Sun Life's transition to IFRS 17 reporting. In her new role, Natalie will lead and manage the engagement strategy and relationships with Sun Life's institutional investors, sell-side analysts, rating agencie
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 Preferred Shares, payable on March 31, 2025 to shareholders of record at the close of business on February 26, 2025: Series 3 $0.278125 per share Series 4 $0.278125 per share Series 5 $0.2
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 States ("U.S."), Asia, and Corporate. Reported net income (loss) refers to Common shareholders' net income (loss) determined in accordance with International Financial Reporting Standards ("IFRS"). Unless otherwise noted, all amounts are in Canadian d
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 Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has o
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