Sun Life's reported results are heavily distorted by IFRS 17 accounting, with revenue swinging from $3.3B in 2024Q4 to $13.9B in 2026Q2, yet underwriting discipline remains intact as combined ratios have held between 82.0% and 90.5% over the past ten quarters....
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Revenue growth is highly volatile under IFRS 17, swinging from $3.3B in 2024Q4 to $13.9B in 2026Q2 (a 51.4% YoY surge), but underwriting profitability remains stable with combined ratios consistently below 100%, ranging from 82.0% to 90.5%.
Sun Life projected core earnings growth of about 13% for both 2025 and 2026, with 12% EPS growth and an 18% return on equity approaching its 20% target. Q4 underlying net income rose 13% to $1.1 billion, driving underlying EPS up 17% to $1.96 and underlying ROE to 19.1%. Growth is evident across all major lines, with individual protection sales up 38%, group health sales up 42%, and US stop‑loss sales up 58%.
The company balances protection and wealth businesses with a global footprint, mitigating segment volatility. Canadian operations contribute about 38% of adjusted earnings, while robust US and Asia segments further diversify revenue streams.
Sun Life’s asset management arm manages CAD 1.1 trillion in assets, with SLC Management targeting a 20% compound annual growth rate. Recent acquisitions of BGO and Crescent strengthen its alternative asset management capabilities.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 6, 2026 | $1.46+5.0% vs $1.39 | $956M-3.9% vs $994M |
Q2 2026 May 6, 2026 | $1.38+2.2% vs $1.35 | $6.3B+581.6% vs $926M |
Q1 2026 Feb 11, 2026 | $1.41+4.4% vs $1.35 | $820M-15.8% vs $974M |
Q4 2025 Nov 5, 2025 | $1.35+3.8% vs $1.30 | $8.9B+841.2% vs $945M |
BMO plans to mobilize up to C$70 billion over the next decade for sectors critical to Canadian economic security and resilience. Sun Life launched its own C$5 billion initiative to take direct debt and equity stakes in major national projects.
Sun Life Financial Inc. (SLF:CA) Presents at Scotiabank's 27th Annual Financials Summit Transcript
TORONTO, Aug. 31, 2026 /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 10R (the "Series 10R Shares") and Class A Non-Cumulative Floating Rate Preferred Shares Series 11QR (the "Series 11QR Shares"). With respect to any Series 10R Shares that remain outstanding after September 30, 2026, 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).
Chubb (NYSE: CB - Get Free Report) and Sun Life Financial (NYSE: SLF - Get Free Report) are both large-cap finance companies, but which is the better business? We will compare the two businesses based on the strength of their earnings, analyst recommendations, dividends, institutional ownership, valuation, profitability and risk. Institutional and Insider Ownership 83.8% of Chubb
Benchmark SLF against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Sun Life Financial Inc. (SLF)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $80.71 | $44.72B | 18.41 | 22.29% | 8.87% | 14.5% | 3.18% | |
| $44.17 | $73.71B | 20.18 | 827.41% | 11.61% | 12.61% | — | |
| $117.66 | $40.83B | 11.51 | -13.74% | 5.93% | 11.2% | — | |
| $95.92 | $61.72B | 19.98 | 10.22% | 4.61% | 12.75% | — | |
| $41.01 | $7.84B | 7.02 | 1.24% | 12.18% | 21.99% | — | |
| $93.32 | $14.77B | 21.80 | 2.07% | 5.3% | 6.43% | — |
Sun Life Financial Inc. (SLF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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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 $3.58B in net income for fiscal year 2025 (8.9% net margin).
Yes, Sun Life Financial Inc. (SLF) pays a dividend with a yield of 3.18%. 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.
