Sun Life Financial

Sun Life Financial, Inc. is a financial services company, which engages in providing insurance and asset management solutions to individual and corporate clients. It operates through the following segments: Canada, United States, Asset Management, Asia, and Corporate. The Canada segment offers individual insurance and group benefits and retirement services. The United States segment consists of group benefits, international, and in-force management services. The Asset Management segment focuses on the design and delivery of investment products through MFS investment management and Sun Life investment management. The Asia segment consists of the Philippines, Hong Kong, Indonesia, Vietnam, Malaysia, India, and China markets. The Corporate segment represents the United Kingdom business unit and corporate support operations, which include run-off reinsurance operations as well as investment income, expenses, capital, and other items. The company was founded on March 18, 1865 and is headquartered in Toronto, Canada.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

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Earnings data Q2 2023

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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Sun Life Financial, Inc. engages in the provision of insurance and asset management solutions to individual and corporate clients. It operates through the following segments: Canada, United States, Asset Management, Asia, and Corporate. The Canada segment offers individual insurance and group benefits and retirement services. The United States segment consists of group benefits, international, and in-force management services. The Asset Management segment focuses on the design and delivery of investment products through MFS investment management and Sun Life investment management. The Asia segment consists of the Philippines, Hong Kong, Indonesia, Vietnam, Malaysia, India, and China markets. The Corporate segment represents the United Kingdom business unit and corporate support operations, which include run-off reinsurance operations as well as investment income, expenses, capital, and other items. The company was founded on March 18, 1865 and is headquartered in Toronto, Canada.

TORONTO , Aug. 24, 2023 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) (the "Company") announced today that the Office of the Superintendent of Financial Institutions and the Toronto Stock Exchange (the "TSX") have approved the Company's previously announced normal course issuer bid to purchase up to 17,000,000 of its common shares ("common shares") (representing approximately 2.9% of the 587,055,100 common shares issued and outstanding as at August 17, 2023) (the "NCIB"). The NCIB will provide the Company with the flexibility to acquire common shares in order to return capital to shareholders as part of its overall capital management strategy.

Sun Life Receives Regulatory Approval for Launch of its Normal Course Issuer Bid

Sun Life Financial Inc. (NYSE:SLF ) Q2 2023 Earnings Conference Call August 9, 2023 10:00 AM ET Company Participants David Garg - Senior Vice President, Capital Management & Investor Relations Kevin Strain - President & Chief Executive Officer Manjit Singh - Executive Vice-President & Chief Financial Officer Jacques Goulet - President, Sun Life-Canada Ingrid Johnson - President, Sun Life-Asia Dan Fishbein - President, Sun Life Financial-US Kevin Morrissey - Senior Vice President, Chief Actuary Randy Brown - Chief Investment Officer Michael Roberge - Chief Executive Officer, President and Executive Chairman, MFS Investment Management Conference Call Participants Meny Grauman - Scotiabank Gabriel Dechaine - National Bank Doug Young - Desjardins John Aiken - Barclays Tom MacKinnon - BMO Capital Mario Mendonca - TD Securities Paul Holden - CIBC Joo Ho Kim - Credit Suisse Lemar Persaud - Cormark Nigel D'Souza - Veritas Investment Research Operator Good morning, and welcome to the Sun Life Financial Q2 2023 Conference Call. My name is Michelle, and I'll be your conference operator today.

Sun Life Financial Inc. (SLF) Q2 2023 Earnings Call Transcript

Sun Life's (SLF) Q2 results reflect higher net investment income and higher fee-related earnings, offset by higher expenses and less favorable morbidity experience in Hong Kong.

Sun Life (SLF) Q2 Earnings Match Estimates, Decrease Y/Y

TORONTO , Aug. 8, 2023 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) (the "Company") announced today that, subject to the approval of the Office of the Superintendent of Financial Institutions ("OSFI") and the Toronto Stock Exchange (the "TSX"), it intends to launch a normal course issuer bid to purchase up to 17,000,000 of its common shares (representing approximately 2.9% of the 586,902,472 common shares issued and outstanding as at June 30, 2023) (the "NCIB"). The Company will file a notice of intention with the TSX in this regard.

Sun Life Announces Intention to Launch Normal Course Issuer Bid

TORONTO , August 8, 2023 /PRNewswire/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.75 per share on the common shares of the Company has been declared, payable September 29, 2023 to shareholders of record at the close of business on August 30, 2023. This is the same amount as paid in the previous quarter.

Sun Life declares dividends on Common and Preferred Shares payable in Q3 2023

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: Canada, United States ("U.S."), Asset Management, Asia, and Corporate.

Sun Life Reports Second Quarter 2023 Results

Insurance Product Experts From Sun Life, Combined Insurance, Canada Life and IoT Insurance Observatory Share their Insights on the Future of Product Strategy. London, United Kingdom--(Newsfile Corp. - August 8, 2023) - In light of carriers expanding their product portfolios to keep pace with evolving customer demands, Reuters Events sat down with Brady Aarssen (VP Group Retirement & Innovation, Canada Life), Matteo Carbone (Founder & Director, IoT Insurance Observatory), Gourami Kakhadze (VP, Chief Compliance Officer, Combined Insurance) and Anna Foat (Design literacy & Education Strategy - Global Marketing, Sun Life) to discuss how carrier can incorporate innovation and ensure security within their rapidly expanding product suites.

Free Reuters Whitepaper: Combined, Canada Life, and Sun Life on Product Strategy

WELLESLEY, Mass. , July 26, 2023 /PRNewswire/ -- Sun Life U.S., the largest independent medical stop-loss provider in the country, has named OptiMed Health Partners as a preferred partner to further the company's goal of improving healthcare access, while also managing rising healthcare costs.

Sun Life launches program with OptiMed Health Partners to make specialty drugs more accessible and affordable

Dialogue is Canada's premier health and wellness virtual care platform , providing affordable on-demand access to quality care Sun Life has entered into an agreement to acquire Dialogue for $5.15 per common share, representing $365 million in total equity value, on a fully diluted basis. Together, Sun Life and Dialogue will strengthen their commitment supporting the health of Canadians.

Sun Life to acquire Dialogue, deepening its commitment to health

TORONTO , July 25, 2023 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) will release its second quarter 2023 financial results on Tuesday, August 8, after markets close. Sun Life will hold its earnings conference call and live webcast at 10:00 a.m.

Sun Life hosts second quarter 2023 earnings conference call

Sun Life Financial gets a hold/neutral rating today. Positives: positive YoY net income growth, capital & liquidity strength, and dividend yield above 4% is higher than its sector average. Headwinds: P/E and P/B valuations are higher than the sector average, and the current share price is 10% above 200-day SMA which we think is overheated.

A Sizzling 4% Dividend Yield At Sun Life, But Valuation Overheated

TORONTO , July 21, 2023 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) ("Sun Life") today announced its intention to redeem all of the outstanding $1 billion principal amount of Series 2016-2 Subordinated Unsecured 3.05% Fixed/Floating Debentures (the "Debentures") in accordance with the redemption terms attached to the Debentures. The redemption will be funded from existing cash and liquid assets.

Sun Life announces intention to redeem Series 2016-2 Subordinated Unsecured 3.05% Fixed/Floating Debentures

WELLESLEY, Mass., July 20, 2023 /PRNewswire/ -- Sun Life U.S. yesterday held a ribbon-cutting to re-open its newly designed office in Wellesley, Mass. The more than 94,000 square feet of office space features unique collaboration spaces and various individual work areas, as well as comfortable areas for socializing, including a deck with a fireplace.

Sun Life U.S. re-opens Wellesley office with new, modern design, featuring areas for collaboration and socializing, including patio with fireplace

Sun Life (SLF) collaborates with Independence to provide exclusive stop loss insurance.

Sun Life (SLF) Expands Stop Loss Business With Independence

New options to protect self-funded employers from large, unpredictable health care costs PHILADELPHIA , July 6, 2023 /PRNewswire/ -- Independence Blue Cross  (Independence) and Sun Life U.S. today announced a new collaboration to exclusively provide Stop Loss insurance for Independence's self-funded group customers. Stop Loss insurance can protect self-funded employers who take on the financial risk of providing health insurance for their employees against large, unpredictable, or catastrophic losses from higher-than-anticipated claims.

Independence Blue Cross and Sun Life announce new Stop Loss insurance collaboration

Manulife Financial

Reinsurance Group of America

Here we pick three life insurance stocks, Manulife Financial (MFC), Reinsurance Group of America (RGA) and Sun Life Financial (SLF), which have a solid five-year dividend growth history.

3 Life Insurers With Decent Dividend for a Steady Return

PORTLAND, Maine , June 27, 2023 /PRNewswire/ -- Today, Sun Life U.S. held a grand opening ceremony for its brand-new building on the Portland waterfront, part of the Portland Foreside development project. With more than 500 employees based in the area, Sun Life's new Portland office features unique collaboration spaces and individual work areas that can accommodate up to 860 employees.

Sun Life U.S. holds ribbon-cutting event with Governor Mills, Senators Collins and King, Portland Mayor Snyder for new office on Portland waterfront

WELLESLEY, Mass. , June 8, 2023 /PRNewswire/ -- Sun Life U.S. has been named one of America's Best Employers for Diversity 2023 by Forbes, a recognition resulting from extensive market research and surveying workers around the country from companies with more than 1,000 employees.

Forbes names Sun Life U.S. a Best Employer for Diversity

Sun Life (SLF) stands to gain from solid Asia operation, growing asset management businesses and strong financial position.

Here's Why Hold Strategy is Apt for Sun Life (SLF) Stock

WELLESLEY, Mass. , June 6, 2023 /PRNewswire/ -- As part of its Lifetime of Smiles® oral health platform, Sun Life U.S. has launched two new PPO dental plan options for employer clients, to help their employees stretch their benefit dollars and get more coverage for the dental care they need.

Sun Life U.S. offers new dental plan options to help members reduce out-of-pocket costs and maintain preventive care

Primerica

Voya Financial

Redesigning and repricing of products and services, and a rising rate environment are likely to help life insurers like MFC, SLF, RGA, VOYA and PRI as the companies invest heavily in digitization.

5 Life Insurance Stocks to Watch in a Rising Rate Environment

TORONTO , June 5, 2023 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) announced the appointment of David Garg as Sun Life's Senior Vice-President, Corporate Development and Investor Relations. David joined Sun Life in November 2021 as Senior Vice-President of Corporate Development, and since that time has led mergers, acquisitions and strategic investments across the company.

Sun Life appoints Senior Vice-President, Corporate Development and Investor Relations

Million-dollar+ claims rose from 109 claims per million members in 2019 to 158 claims per million in 2022 WELLESLEY, Mass. , May 17, 2023 /PRNewswire/ -- Sun Life U.S., the largest independent provider of medical stop-loss insurance in the country, has released its 11th annual High-cost claims and injectable drug trends analysis report, analyzing its extensive claims database and highlighting trends in healthcare and medical costs.

Sun Life U.S. annual high-cost claims report shows 45% increase of million-dollar+ claims

Since my last article, Sun Life has experienced a -0.02% price decline, contrary to the S&P500, up 3.88% over the same period. On Friday, Sun Life reported earnings corroborating my expectations of growth from my previous article, reporting $8.94bn in Q1 revenues alongside $610.74mn.

Sun Life: Sustained Strategic Growth As Previously Projected

Sun Life Financial Inc. (NYSE:SLF ) Q1 2023 Earnings Conference Call May 12, 2023 10:00 AM ET Company Participants Yaniv Bitton - Investor Relations Kevin Strain - President and Chief Executive Officer Manjit Singh - Executive Vice President and Chief Financial Officer Steve Peacher - President, SLC Management Randolph Brown - Chief Investment Officer and Head, Insurance Asset Management Ingrid Johnson - President, Sun Life Asia Daniel Fishbein - President, Sun Life U.S. Kevin Morrissey - Chief Actuary and Senior Vice President Conference Call Participants Meny Grauman - Scotiabank Gabriel Dechaine - National Bank Doug Young - Desjardins Thomas MacKinnon - BMO Capital Paul Holden - CIBC Mario Mendonca - TD Securities Darko Mihelic - RBC Capital Markets Nigel D'Souza - Veritas Investment Research Joo Ho Kim - Credit Suisse Lemar Persaud - Cormark Securities Operator Good morning and welcome to the Sun Life Financial Q1 2023 Conference Call. My name is Michelle and I will be you're operator today.

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