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SLF logoSun Life Financial Inc.(SLF)Earnings, Financials & Key Ratios

SLF•NYSE•Insurance & Managed Care
$73.02
$40.44B mkt cap·16.1× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryDiversified InsuranceSub-IndustryLife, annuity and benefits insurers
AboutSun 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 personal 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 agents, managing and independent general agents, 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.Show more
  • Revenue$42.17B+22.3%
  • Combined Ratio88.63%+1.4%
  • Net Income$3.74B+18.0%
  • Return on Equity14.5%+15.1%
  • Medical Cost Ratio0%-100.0%
  • Operating Margin11.37%-9.7%
  • Net Margin8.87%-3.5%
  • ROA0.97%+8.0%
  • Equity / Assets6.4%-9.2%
  • Book Value per Share44.48-1.1%
  • Tangible BV/Share18.86-5.7%
  • Debt/Equity0.87+34.0%
Analysis→Technical→

SLF Key Insights

Sun Life Financial Inc. (SLF) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓Healthy dividend yield of 3.6%
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

SLF Price & Volume

Sun Life Financial Inc. (SLF) stock price & volume — 10-year historical chart

Loading chart...

SLF Growth Metrics

Sun Life Financial Inc. (SLF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years8.14%
5 Years-0.54%
3 Years130.82%
TTM21.38%

Profit CAGR

10 Years4.99%
5 Years6.12%
3 Years7.36%
TTM18.08%

EPS CAGR

10 Years5.65%
5 Years8.55%
3 Years7.94%
TTM17.18%

Return on Capital

10 Years1.22%
5 Years1.26%
3 Years1.23%
Last Year1.25%

SLF Recent Earnings

Sun Life Financial Inc. (SLF) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 4/12 qtrs (44%)
Q1 2026Latest
Feb 11, 2026
EPS
$1.41
Est $1.35
+4.4%
Revenue
$820M
Est $974M
-15.8%
Q4 2025
Nov 5, 2025
EPS
$1.35
Est $1.30
+3.8%
Revenue
$8.9B
Est $945M
+841.2%
Q3 2025
Aug 7, 2025
EPS
$1.29
Est $1.29
+0.0%
Revenue
$6.2B
Q2 2025
May 8, 2025
EPS
$1.27
Est $1.22
+4.1%
Revenue
$6.9B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 11, 2026
$1.41vs $1.35+4.4%
$820Mvs $974M-15.8%
Q4 2025Nov 5, 2025
$1.35vs $1.30+3.8%
$8.9Bvs $945M+841.2%
Q3 2025Aug 7, 2025
$1.29vs $1.29+0.0%
$6.2B
Q2 2025May 8, 2025
$1.27vs $1.22+4.1%
$6.9B
Based on last 12 quarters of dataView full earnings history →

SLF Peer Comparison

Sun Life Financial Inc. (SLF) competitors in Life, annuity and benefits insurers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
MFC logoMFCManulife Financial CorporationDirect Competitor67.02B39.9717.699.38%6.96%11.2%0.28
PRU logoPRUPrudential Financial, Inc.Direct Competitor34.86B100.169.80-14.01%5.62%10.26%0.65
MET logoMETMetLife, Inc.Direct Competitor52.27B80.1616.7010.22%4.44%11.88%0.70
LNC logoLNCLincoln National CorporationDirect Competitor6.41B37.622.0453.61%11.43%20.18%0.77
UNM logoUNMUnum GroupDirect Competitor12.96B80.2718.752.07%5.87%7.07%0.35
PFG logoPFGPrincipal Financial Group, Inc.Direct Competitor22B101.5519.34-3.11%7.58%9.89%0.34
AFL logoAFLAflac IncorporatedProduct Competitor58.42B113.4016.60-8.84%21%13.05%0.29
GL logoGLGlobe Life Inc.Product Competitor12.11B154.3910.983.82%19.36%20.64%0.44

Compare SLF vs Peers

Sun Life Financial Inc. (SLF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MFC

Most directly comparable listed peer for SLF.

Scale Benchmark

vs UNH

Larger-name benchmark to compare SLF against a more recognizable public peer.

Peer Set

Compare Top 5

vs MFC, PRU, MET, LNC

SLF Income Statement

Sun Life Financial Inc. (SLF) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue29.33B26.97B39.68B43.34B35.69B3.43B36.35B34.48B42.17B
Revenue Growth %2.66%-8.06%47.13%9.22%-17.65%-90.39%960.19%-5.15%22.29%
Medical Costs & Claims19.05B16.11B28.5B30.98B20.98B-642M32.04B29.64B0
Medical Cost Ratio %64.95%59.74%71.84%71.5%58.78%-18.72%88.14%85.96%0%
Gross Profit
10.28B▲ 0%
10.86B▲ 5.6%
11.17B▲ 2.9%
12.35B▲ 10.6%
14.71B▲ 19.1%
4.07B▼ 72.3%
4.31B▲ 5.9%
4.84B▲ 12.2%
42.17B▲ 771.3%
Gross Margin %35.05%40.26%28.16%28.5%41.22%118.72%11.86%14.04%100%
Gross Profit Growth %-1.48%5.59%2.92%10.55%19.09%-72.33%5.94%12.22%771.29%
Operating Expenses7.49B7.35B7.94B9.07B9.61B445M383M501M37.38B
OpEx / Revenue %25.54%27.24%20.01%20.92%26.94%12.98%1.05%1.45%88.63%
Depreciation & Amortization209M226M378M406M438M528M000
Combined Ratio %90.49%86.98%91.85%92.42%85.72%-5.75%89.19%87.42%88.63%
Operating Income
2.79B▲ 0%
3.51B▲ 25.9%
3.23B▼ 7.9%
3.29B▲ 1.7%
5.1B▲ 55.1%
3.63B▼ 28.9%
3.93B▲ 8.4%
4.34B▲ 10.4%
4.79B▲ 10.5%
Operating Margin %9.51%13.02%8.15%7.58%14.28%105.75%10.81%12.58%11.37%
Operating Income Growth %-19.04%25.89%-7.92%1.67%55.07%-28.86%8.38%10.41%10.49%
EBITDA3B3.74B3.61B3.69B5.54B4.15B4.48B5B5.32B
EBITDA Margin %10.22%13.86%9.1%8.52%15.51%121.14%12.33%14.51%12.61%
Interest Expense303M305M333M355M327M328.28M552M664M525.57M
Non-Operating Income-303M-305M-333M-355M-327M-445M-552M-664M-525.57M
Pretax Income
2.79B▲ 0%
3.51B▲ 25.9%
3.23B▼ 7.9%
3.29B▲ 1.7%
5.1B▲ 55.1%
3.63B▼ 28.9%
3.93B▲ 8.4%
4.34B▲ 10.4%
4.79B▲ 10.5%
Pretax Margin %9.51%13.02%8.15%7.58%14.28%105.75%10.81%12.58%11.37%
Income Tax302M597M286M495M727M546M461M1.04B1.02B
Effective Tax Rate %10.83%17%8.85%15.06%14.26%15.06%11.73%23.97%21.18%
Net Income
2.49B▲ 0%
2.91B▲ 17.2%
2.94B▲ 1.0%
2.78B▼ 5.5%
4.37B▲ 57.1%
3.02B▼ 30.8%
3.34B▲ 10.5%
3.17B▼ 5.1%
3.74B▲ 18.0%
Net Margin %8.48%10.8%7.42%6.42%12.24%88.19%9.2%9.2%8.87%
Net Income Growth %-12%17.17%1%-5.5%57.14%-30.8%10.55%-5.15%18.01%
EPS (Diluted)
3.49▲ 0%
4.77▲ 36.7%
4.39▼ 8.0%
4.08▼ 7.1%
6.68▲ 63.7%
4.89▼ 26.8%
5.24▲ 7.2%
5.27▲ 0.6%
6.15▲ 16.7%
EPS Growth %-13.4%36.68%-7.97%-7.06%63.73%-26.8%7.16%0.57%16.7%
EPS (Basic)3.514.814.424.116.734.905.135.296.16
Diluted Shares Outstanding615.76M611M597M589M590M589M589M581M572.65M

SLF Balance Sheet

Sun Life Financial Inc. (SLF) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets269.11B271.83B297.2B323.01B345.37B323.61B333.24B370.72B398.13B
Asset Growth %4.21%1.01%9.34%8.68%6.92%-6.3%2.98%11.25%7.39%
Total Investment Assets82.79B144.43B154.9B167.26B97.84B159.41B163.16B179.69B355.77B
Long-Term Investments82.79B86.11B89.25B98.59B97.84B95.96B96.65B110.81B355.77B
Short-Term Investments02.21B16.89B14.39B018.39B16.38B17.67B0
Total Current Assets10.99B11.52B0014.55B00016.14B
Cash & Equivalents8.89B7.3B6.71B10.65B12.28B9.38B11.17B10.13B9.68B
Receivables001.96B1.81B02.4B2.41B2.75B6.47B
Other Current Assets00-25.88B-27.18B0-31.25B-31.1B-31.88B0
Goodwill & Intangibles6.85B7.19B7.92B8.55B9.89B13.43B14.14B14.51B14.67B
Goodwill5.18B5.41B5.83B6.07B6.52B8.71B8.97B9.46B9.52B
Intangible Assets1.67B1.78B2.08B2.48B3.37B4.72B5.17B5.06B5.15B
PP&E (Net)624M621M1.4B1.39B1.31B1.36B1.45B1.4B1.44B
Other Assets-1.29B-89.1B-98.57B-108.54B-1.85B-110.75B-112.25B-126.72B6.3B
Total Liabilities246.14B247.26B272.69B297.15B317.3B300.72B309.04B344.59B372.66B
Total Debt4.74B6.7B9.04B8.8B10.21B15.55B15.4B16.87B22.04B
Net Debt-4.15B-602M2.33B-1.85B-2.07B6.17B4.23B6.74B12.36B
Long-Term Debt6.87B6.59B8.04B7.59B9.63B12.25B12.08B13.62B18.9B
Short-Term Debt0104M103M344M574M2.35B2.33B2.3B2.39B
Total Current Liabilities2.11B2.15B002.44B0000
Accounts Payable1.97B2.04B1.83B2.44B1.87B2.35B2.49B2.56B0
Deferred Revenue000000000
Other Current Liabilities-4.9B-5.29B-5.18B-6.5B-6.71B-8.7B-9.26B-9.76B-2.39B
Deferred Taxes1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Liabilities-7.27B-6.91B-9.35B-8.84B306.81B-13.67B-13.35B-14.85B352.57B
Total Equity
22.97B▲ 0%
24.57B▲ 7.0%
24.51B▼ 0.3%
25.86B▲ 5.5%
28.07B▲ 8.5%
22.89B▼ 18.5%
24.2B▲ 5.7%
26.13B▲ 8.0%
25.47B▼ 2.5%
Equity Growth %2.7%6.96%-0.25%5.52%8.55%-18.47%5.74%7.97%-2.52%
Shareholders Equity22.32B23.71B24.49B25.84B26.31B22.8B24.04B26.05B24.51B
Minority Interest650M864M19M25M1.76B90M161M76M959.22M
Retained Earnings11.41B11.27B11.32B12.29B14.71B11.73B12.16B12.6B12.92B
Common Stock10.91B8.42B8.29B8.26B8.3B8.31B8.33B8.19B7.89B
Accumulated OCI1.1B1.69B1.46B1.59B986M160M765M2.43B1.38B
Return on Equity (ROE)10.97%12.26%11.99%11.04%16.2%11.87%14.2%12.6%14.5%
Return on Assets (ROA)0.94%1.08%1.03%0.9%1.31%0.9%1.02%0.9%0.97%
Equity / Assets8.54%9.04%8.25%8.01%8.13%7.07%7.26%7.05%6.4%
Debt / Equity0.21x0.27x0.37x0.34x0.36x0.68x0.64x0.65x0.87x
Book Value per Share37.3140.2141.0543.9147.5838.8641.0944.9744.48
Tangible BV per Share26.1828.4427.7929.3930.8216.0617.0719.9918.86

SLF Cash Flow Statement

Sun Life Financial Inc. (SLF) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations1.98B3.83B2.47B9.79B-1.86B4.31B7.82B2.53B13.75B
Operating CF Growth %-45.91%93.25%-35.47%295.57%-118.98%332.15%81.34%-67.61%442.92%
Operating CF / Revenue %6.76%14.22%6.24%22.58%-5.2%125.72%21.5%7.34%32.6%
Net Income2.79B3.51B2.71B1.96B5.1B3.92B2.39B4.34B3.55B
Depreciation & Amortization209M226M378M00528M000
Stock-Based Compensation476M346M549M00395M000
Deferred Taxes00000-395M000
Other Non-Cash Items-7.2B-281M-12.57B-5.66B-9.46B12.03B64.89M-4.2B6.63B
Working Capital Changes6.19B378M11.4B13.48B2.5B-12.16B5.36B2.39B3.56B
Cash from Investing-339M-280M-430M-4.95B-803M-2.86B-4.35B-337M-11.7B
Capital Expenditures-182M-85M-114M-124.02M-81M3.69B-129.77M-143M-144.88M
Acquisitions-182M-64M-167M-372.06M-441M-2.7B-146.37M-17M-52.96M
Purchase of Investments-60.75B-65.42B0-64.14B0-57.22B-36.71B0-71.2B
Sale/Maturity of Investments56.01B62.42B059.9B053.53B32.79B059.91B
Other Investing25M-131M-149M-225.27M-281M-161M-152.41M-177M-210.83M
Cash from Financing-2.02B-2.57B-2.36B-1.65B-260M-71M-1.98B-3.88B-2.2B
Dividends Paid-1.16B-1.23B-1.32B-1.07B-1.43B-1.67B-1.42B-1.96B-2.06B
Share Repurchases-175M-641M-592M-156.99M0-6M-140.34M-855M-1.71B
Stock Issued00014.13M06M36.97M036.97M
Debt Issuance (Net)-1000K-1000K-1000K-1000K1000K1000K-1000K-1000K1000K
Other Financing543M-258M-230M-106.75M-132M-262M-132.79M-569M-179.85M
Net Change in Cash
-553M▲ 0%
1.24B▲ 323.9%
-509M▼ 141.1%
3.23B▲ 735.3%
-2.96B▼ 191.4%
1.68B▲ 156.8%
1.51B▼ 10.1%
-1.22B▼ 180.6%
19.18M▲ 101.6%
Exchange Rate Effect-179M250M-190M51.01M-35M302M25.51M471M176.05M
Cash at Beginning6.51B5.96B7.19B7.38B10.65B7.69B6.92B11.17B9.66B
Cash at End5.96B7.19B6.68B10.62B7.69B9.37B8.43B9.95B9.68B
Free Cash Flow
1.8B▲ 0%
3.75B▲ 108.0%
2.36B▼ 37.0%
9.66B▲ 309.4%
-1.94B▼ 120.1%
8B▲ 512.7%
7.69B▼ 3.9%
2.39B▼ 68.9%
13.6B▲ 469.4%
FCF Growth %-49.05%108.05%-37.05%309.43%-120.06%512.69%-3.88%-68.92%469.36%
FCF Margin %6.14%13.9%5.95%22.3%-5.43%233.25%21.15%6.93%32.25%
FCF per Share2.936.143.9516.4-3.2813.5813.054.1123.75

SLF Key Ratios

Sun Life Financial Inc. (SLF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Combined Ratio87.94%90.49%86.98%91.85%92.42%85.72%-5.75%89.19%87.42%88.63%
Medical Cost Ratio63.48%64.95%59.74%71.84%71.5%58.78%-18.72%88.14%85.96%0%
Return on Equity (ROE)12.91%10.97%12.26%11.99%11.04%16.2%11.87%14.2%12.6%14.5%
Return on Assets (ROA)1.12%0.94%1.08%1.03%0.9%1.31%0.9%1.02%0.9%0.97%
Equity / Assets8.66%8.54%9.04%8.25%8.01%8.13%7.07%7.26%7.05%6.4%
Book Value / Share36.1437.3140.2141.0543.9147.5838.8641.0944.9744.48
Debt / Equity0.34x0.21x0.27x0.37x0.34x0.36x0.68x0.64x0.65x0.87x
Revenue Growth48.25%2.66%-8.06%47.13%9.22%-17.65%-90.39%960.19%-5.15%22.29%

SLF Frequently Asked Questions

Sun Life Financial Inc. (SLF) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Sun Life Financial Inc. (SLF) grew revenue by 22.3% over the past year. This is strong growth.

Yes, Sun Life Financial Inc. (SLF) is profitable, generating $3.74B in net income for fiscal year 2025 (8.9% net margin).

Dividend & Returns

Yes, Sun Life Financial Inc. (SLF) pays a dividend with a yield of 3.63%. This makes it attractive for income-focused investors.

Sun Life Financial Inc. (SLF) has a return on equity (ROE) of 14.5%. This is reasonable for most industries.

Industry Metrics

Sun Life Financial Inc. (SLF) has a combined ratio of 0.0%. A ratio below 100% indicates underwriting profitability.

Explore More SLF

Sun Life Financial Inc. (SLF) financial analysis — history, returns, DCA and operating performance tools

Full SLF Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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