Sun Life Financial Inc. (SLF) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Sun Life Financial Inc. (SLF) stock price & volume — 10-year historical chart
Sun Life Financial Inc. (SLF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Sun Life Financial Inc. (SLF) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $1.38vs $1.35+2.2% | $6.4Bvs $926M+587.6% |
| Q1 2026 | Feb 11, 2026 | $1.41vs $1.35+4.4% | $820Mvs $974M-15.8% |
| Q4 2025 | Nov 5, 2025 | $1.35vs $1.30+3.8% | $8.9Bvs $945M+841.2% |
| Q3 2025 | Aug 7, 2025 | $1.29vs $1.29+0.0% | $6.2B |
Sun Life Financial Inc. (SLF) competitors in Life, annuity and benefits insurers — business model, growth, and fundamentals comparison
Sun Life Financial Inc. (SLF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Sun Life Financial Inc. (SLF) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 29.33B | 26.97B | 39.68B | 43.34B | 35.69B | 3.43B | 36.35B | 34.48B | 42.17B | 39.4B |
Revenue Growth % | 2.66% | -8.06% | 47.13% | 9.22% | -17.65% | -90.39% | 960.19% | -5.15% | 22.29% | 1.32% |
Medical Costs & Claims | 19.05B | 16.11B | 28.5B | 30.98B | 20.98B | -642M | 32.04B | 29.64B | 0 | 18.91B |
Medical Cost Ratio % | 64.95% | 59.74% | 71.84% | 71.5% | 58.78% | -18.72% | 88.14% | 85.96% | 0% | 48.01% |
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% | 20.48B▲ 0% |
Gross Margin % | 35.05% | 40.26% | 28.16% | 28.5% | 41.22% | 118.72% | 11.86% | 14.04% | 100% | 51.99% |
Gross Profit Growth % | -1.48% | 5.59% | 2.92% | 10.55% | 19.09% | -72.33% | 5.94% | 12.22% | 771.29% | - |
Operating Expenses | 7.49B | 7.35B | 7.94B | 9.07B | 9.61B | 445M | 383M | 501M | 37.38B | 16.3B |
OpEx / Revenue % | 25.54% | 27.24% | 20.01% | 20.92% | 26.94% | 12.98% | 1.05% | 1.45% | 88.63% | 41.38% |
Depreciation & Amortization | 209M | 226M | 378M | 406M | 438M | 528M | 0 | 0 | 0 | 0 |
Combined Ratio % | 90.49% | 86.98% | 91.85% | 92.42% | 85.72% | -5.75% | 89.19% | 87.42% | 88.63% | 89.39% |
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% | 4.18B▲ 0% |
Operating Margin % | 9.51% | 13.02% | 8.15% | 7.58% | 14.28% | 105.75% | 10.81% | 12.58% | 11.37% | 10.61% |
Operating Income Growth % | -19.04% | 25.89% | -7.92% | 1.67% | 55.07% | -28.86% | 8.38% | 10.41% | 10.49% | - |
EBITDA | 3B | 3.74B | 3.61B | 3.69B | 5.54B | 4.15B | 4.48B | 5B | 5.32B | 4.74B |
EBITDA Margin % | 10.22% | 13.86% | 9.1% | 8.52% | 15.51% | 121.14% | 12.33% | 14.51% | 12.61% | 12.03% |
Interest Expense | 303M | 305M | 333M | 355M | 327M | 328.28M | 552M | 664M | 525.57M | 556.31M |
Non-Operating Income | -303M | -305M | -333M | -355M | -327M | -445M | -552M | -664M | -525.57M | -556.31M |
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% | 4.18B▲ 0% |
Pretax Margin % | 9.51% | 13.02% | 8.15% | 7.58% | 14.28% | 105.75% | 10.81% | 12.58% | 11.37% | 10.61% |
Income Tax | 302M | 597M | 286M | 495M | 727M | 546M | 461M | 1.04B | 1.02B | 877.01M |
Effective Tax Rate % | 10.83% | 17% | 8.85% | 15.06% | 14.26% | 15.06% | 11.73% | 23.97% | 21.18% | 20.97% |
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% | 3.28B▲ 0% |
Net Margin % | 8.48% | 10.8% | 7.42% | 6.42% | 12.24% | 88.19% | 9.2% | 9.2% | 8.87% | 8.33% |
Net Income Growth % | -12% | 17.17% | 1% | -5.5% | 57.14% | -30.8% | 10.55% | -5.15% | 18.01% | 0.05% |
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% | 8.15▲ 0% |
EPS Growth % | -13.4% | 36.68% | -7.97% | -7.06% | 63.73% | -26.8% | 7.16% | 0.57% | 16.7% | -2.01% |
EPS (Basic) | 3.51 | 4.81 | 4.42 | 4.11 | 6.73 | 4.90 | 5.13 | 5.29 | 6.16 | - |
Diluted Shares Outstanding | 615.76M | 611M | 597M | 589M | 590M | 589M | 589M | 581M | 572.65M | 402.6M |
Sun Life Financial Inc. (SLF) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 269.11B | 271.83B | 297.2B | 323.01B | 345.37B | 323.61B | 333.24B | 370.72B | 398.13B | 399.34B |
Asset Growth % | 4.21% | 1.01% | 9.34% | 8.68% | 6.92% | -6.3% | 2.98% | 11.25% | 7.39% | 33.01% |
Total Investment Assets | 82.79B | 144.43B | 154.9B | 167.26B | 97.84B | 159.41B | 163.16B | 179.69B | 355.77B | 4M |
Long-Term Investments | 82.79B | 86.11B | 89.25B | 98.59B | 97.84B | 95.96B | 96.65B | 110.81B | 355.77B | 1.04T |
Short-Term Investments | 0 | 2.21B | 16.89B | 14.39B | 0 | 18.39B | 16.38B | 17.67B | 0 | 0 |
Total Current Assets | 10.99B | 11.52B | 0 | 0 | 14.55B | 0 | 0 | 0 | 16.14B | 15.31B |
Cash & Equivalents | 8.89B | 7.3B | 6.71B | 10.65B | 12.28B | 9.38B | 11.17B | 10.13B | 9.68B | 8.82B |
Receivables | 0 | 0 | 1.96B | 1.81B | 0 | 2.4B | 2.41B | 2.75B | 6.47B | 102.48B |
Other Current Assets | 0 | 0 | -25.88B | -27.18B | 0 | -31.25B | -31.1B | -31.88B | 0 | 0 |
Goodwill & Intangibles | 6.85B | 7.19B | 7.92B | 8.55B | 9.89B | 13.43B | 14.14B | 14.51B | 14.67B | 58.7B |
Goodwill | 5.18B | 5.41B | 5.83B | 6.07B | 6.52B | 8.71B | 8.97B | 9.46B | 9.52B | 9.63B |
Intangible Assets | 1.67B | 1.78B | 2.08B | 2.48B | 3.37B | 4.72B | 5.17B | 5.06B | 5.15B | 5.2B |
PP&E (Net) | 624M | 621M | 1.4B | 1.39B | 1.31B | 1.36B | 1.45B | 1.4B | 1.44B | 0 |
Other Assets | -1.29B | -89.1B | -98.57B | -108.54B | -1.85B | -110.75B | -112.25B | -126.72B | 6.3B | 7.35B |
Total Liabilities | 246.14B | 247.26B | 272.69B | 297.15B | 317.3B | 300.72B | 309.04B | 344.59B | 372.66B | 373.33B |
Total Debt | 4.74B | 6.7B | 9.04B | 8.8B | 10.21B | 15.55B | 15.4B | 16.87B | 22.04B | 8.39B |
Net Debt | -4.15B | -602M | 2.33B | -1.85B | -2.07B | 6.17B | 4.23B | 6.74B | 12.36B | -423.09M |
Long-Term Debt | 6.87B | 6.59B | 8.04B | 7.59B | 9.63B | 12.25B | 12.08B | 13.62B | 18.9B | 8.39B |
Short-Term Debt | 0 | 104M | 103M | 344M | 574M | 2.35B | 2.33B | 2.3B | 2.39B | 0 |
Total Current Liabilities | 2.11B | 2.15B | 0 | 0 | 2.44B | 0 | 0 | 0 | 0 | 0 |
Accounts Payable | 1.97B | 2.04B | 1.83B | 2.44B | 1.87B | 2.35B | 2.49B | 2.56B | 0 | 0 |
Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | -4.9B | -5.29B | -5.18B | -6.5B | -6.71B | -8.7B | -9.26B | -9.76B | -2.39B | 0 |
Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1.19B |
Other Liabilities | -7.27B | -6.91B | -9.35B | -8.84B | 306.81B | -13.67B | -13.35B | -14.85B | 352.57B | 364.63B |
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% | 26.02B▲ 0% |
Equity Growth % | 2.7% | 6.96% | -0.25% | 5.52% | 8.55% | -18.47% | 5.74% | 7.97% | -2.52% | -0.41% |
Shareholders Equity | 22.32B | 23.71B | 24.49B | 25.84B | 26.31B | 22.8B | 24.04B | 26.05B | 24.51B | 25.07B |
Minority Interest | 650M | 864M | 19M | 25M | 1.76B | 90M | 161M | 76M | 959.22M | 942.43M |
Retained Earnings | 11.41B | 11.27B | 11.32B | 12.29B | 14.71B | 11.73B | 12.16B | 12.6B | 12.92B | 12.81B |
Common Stock | 10.91B | 8.42B | 8.29B | 8.26B | 8.3B | 8.31B | 8.33B | 8.19B | 7.89B | 7.94B |
Accumulated OCI | 1.1B | 1.69B | 1.46B | 1.59B | 986M | 160M | 765M | 2.43B | 1.38B | 1.54B |
Return on Equity (ROE) | 10.97% | 12.26% | 11.99% | 11.04% | 16.2% | 11.87% | 14.2% | 12.6% | 14.5% | 12.78% |
Return on Assets (ROA) | 0.94% | 1.08% | 1.03% | 0.9% | 1.31% | 0.9% | 1.02% | 0.9% | 0.97% | 0.84% |
Equity / Assets | 8.54% | 9.04% | 8.25% | 8.01% | 8.13% | 7.07% | 7.26% | 7.05% | 6.4% | 6.51% |
Debt / Equity | 0.21x | 0.27x | 0.37x | 0.34x | 0.36x | 0.68x | 0.64x | 0.65x | 0.87x | 0.32x |
Book Value per Share | 37.31 | 40.21 | 41.05 | 43.91 | 47.58 | 38.86 | 41.09 | 44.97 | 44.48 | 64.62 |
Tangible BV per Share | 26.18 | 28.44 | 27.79 | 29.39 | 30.82 | 16.06 | 17.07 | 19.99 | 18.86 | 27.78 |
Sun Life Financial Inc. (SLF) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 1.98B | 3.83B | 2.47B | 9.79B | -1.86B | 4.31B | 7.82B | 2.53B | 13.75B | 11.44B |
Operating CF Growth % | -45.91% | 93.25% | -35.47% | 295.57% | -118.98% | 332.15% | 81.34% | -67.61% | 442.92% | 1835.69% |
Operating CF / Revenue % | 6.76% | 14.22% | 6.24% | 22.58% | -5.2% | 125.72% | 21.5% | 7.34% | 32.6% | 29.04% |
Net Income | 2.79B | 3.51B | 2.71B | 1.96B | 5.1B | 3.92B | 2.39B | 4.34B | 3.55B | 3.28B |
Depreciation & Amortization | 209M | 226M | 378M | 0 | 0 | 528M | 0 | 0 | 0 | 39M |
Stock-Based Compensation | 476M | 346M | 549M | 0 | 0 | 395M | 0 | 0 | 0 | 0 |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | -395M | 0 | 0 | 0 | 0 |
Other Non-Cash Items | -7.2B | -281M | -12.57B | -5.66B | -9.46B | 12.03B | 64.89M | -4.2B | 6.63B | 7.02B |
Working Capital Changes | 6.19B | 378M | 11.4B | 13.48B | 2.5B | -12.16B | 5.36B | 2.39B | 3.56B | 1.05B |
Cash from Investing | -339M | -280M | -430M | -4.95B | -803M | -2.86B | -4.35B | -337M | -11.7B | -9.04B |
Capital Expenditures | -182M | -85M | -114M | -124.02M | -81M | 3.69B | -129.77M | -143M | -144.88M | -137.02M |
Acquisitions | -182M | -64M | -167M | -372.06M | -441M | -2.7B | -146.37M | -17M | -52.96M | -2.38B |
Purchase of Investments | -60.75B | -65.42B | 0 | -64.14B | 0 | -57.22B | -36.71B | 0 | -71.2B | -38.88B |
Sale/Maturity of Investments | 56.01B | 62.42B | 0 | 59.9B | 0 | 53.53B | 32.79B | 0 | 59.91B | 32.53B |
Other Investing | 25M | -131M | -149M | -225.27M | -281M | -161M | -152.41M | -177M | -210.83M | -172.14M |
Cash from Financing | -2.02B | -2.57B | -2.36B | -1.65B | -260M | -71M | -1.98B | -3.88B | -2.2B | -1.38B |
Dividends Paid | -1.16B | -1.23B | -1.32B | -1.07B | -1.43B | -1.67B | -1.42B | -1.96B | -2.06B | -2.1B |
Share Repurchases | -175M | -641M | -592M | -156.99M | 0 | -6M | -140.34M | -855M | -1.71B | -1.19B |
Stock Issued | 0 | 0 | 0 | 14.13M | 0 | 6M | 36.97M | 0 | 36.97M | 28.03M |
Debt Issuance (Net) | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 4M |
Other Financing | 543M | -258M | -230M | -106.75M | -132M | -262M | -132.79M | -569M | -179.85M | -269.07M |
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% | 919.1M▲ 0% |
Exchange Rate Effect | -179M | 250M | -190M | 51.01M | -35M | 302M | 25.51M | 471M | 176.05M | -97.74M |
Cash at Beginning | 6.51B | 5.96B | 7.19B | 7.38B | 10.65B | 7.69B | 6.92B | 11.17B | 9.66B | 9.84B |
Cash at End | 5.96B | 7.19B | 6.68B | 10.62B | 7.69B | 9.37B | 8.43B | 9.95B | 9.68B | 8.82B |
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% | 11.3B▲ 0% |
FCF Growth % | -49.05% | 108.05% | -37.05% | 309.43% | -120.06% | 512.69% | -3.88% | -68.92% | 469.36% | 124.09% |
FCF Margin % | 6.14% | 13.9% | 5.95% | 22.3% | -5.43% | 233.25% | 21.15% | 6.93% | 32.25% | 28.69% |
FCF per Share | 2.93 | 6.14 | 3.95 | 16.4 | -3.28 | 13.58 | 13.05 | 4.11 | 23.75 | 28.07 |
Sun Life Financial Inc. (SLF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Combined Ratio | 90.49% | 86.98% | 91.85% | 92.42% | 85.72% | -5.75% | 89.19% | 87.42% | 88.63% | 89.39% |
Medical Cost Ratio | 64.95% | 59.74% | 71.84% | 71.5% | 58.78% | -18.72% | 88.14% | 85.96% | 0% | 48.01% |
Return on Equity (ROE) | 10.97% | 12.26% | 11.99% | 11.04% | 16.2% | 11.87% | 14.2% | 12.6% | 14.5% | 12.78% |
Return on Assets (ROA) | 0.94% | 1.08% | 1.03% | 0.9% | 1.31% | 0.9% | 1.02% | 0.9% | 0.97% | 0.84% |
Equity / Assets | 8.54% | 9.04% | 8.25% | 8.01% | 8.13% | 7.07% | 7.26% | 7.05% | 6.4% | 6.51% |
Book Value / Share | 37.31 | 40.21 | 41.05 | 43.91 | 47.58 | 38.86 | 41.09 | 44.97 | 44.48 | 64.62 |
Debt / Equity | 0.21x | 0.27x | 0.37x | 0.34x | 0.36x | 0.68x | 0.64x | 0.65x | 0.87x | 0.32x |
Revenue Growth | 2.66% | -8.06% | 47.13% | 9.22% | -17.65% | -90.39% | 960.19% | -5.15% | 22.29% | 1.32% |
Sun Life Financial Inc. (SLF) stock FAQ — growth, dividends, profitability & financials explained
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 $3.28B in net income for fiscal year 2025 (8.9% net margin).
Yes, Sun Life Financial Inc. (SLF) pays a dividend with a yield of 3.23%. 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.
Sun Life Financial Inc. (SLF) has a combined ratio of 0.0%. A ratio below 100% indicates underwriting profitability.