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SLFSun Life Financial Inc.
$78.95$43.7B
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SLF logoSun Life Financial Inc.(SLF)Earnings, Financials & Key Ratios

SLF•NYSE•Insurance & Managed Care
18.1× P/E·Price updated Jun 19, 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%

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 3.2%
  • ✓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.

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SLF Price & Volume

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

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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%
TTM1.32%

Profit CAGR

10 Years4.99%
5 Years6.12%
3 Years7.36%
TTM0.05%

EPS CAGR

10 Years5.65%
5 Years8.55%
3 Years7.94%
TTM-2.01%

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 5/12 qtrs (56%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$1.38+2.2%
$1.35
Rev
$6.4B+587.6%
$926M
Q1 2026
Feb 11, 2026
Metric
Actual
Est
EPS
$1.41+4.4%
$1.35
Rev
$820M-15.8%
$974M
Q4 2025
Nov 5, 2025
Metric
Actual
Est
EPS
$1.35+3.8%
$1.30
Rev
$8.9B+841.2%
$945M
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$1.29+0.0%
$1.29
Rev
$6.2B
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$1.38vs $1.35+2.2%
$6.4Bvs $926M+587.6%
Q1 2026Feb 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
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
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
MFC logoMFCManulife Financial CorporationDirect Competitor68.09B40.6118.668.27%8.09%12.29%0.28
PRU logoPRUPrudential Financial, Inc.Direct Competitor37.05B106.5310.42-14.01%5.62%10.26%0.65
MET logoMETMetLife, Inc.Direct Competitor55.8B85.5817.8310.22%4.7%12.72%0.70
LNC logoLNCLincoln National CorporationDirect Competitor7.11B37.176.361.24%9.14%16.79%0.59
UNM logoUNMUnum GroupDirect Competitor14.53B89.9821.022.07%5.87%7.07%0.35
PFG logoPFGPrincipal Financial Group, Inc.Direct Competitor23.74B109.5720.87-3.11%7.58%9.89%0.34
AFL logoAFLAflac IncorporatedProduct Competitor59.49B115.4716.91-8.84%21%13.05%0.29
GL logoGLGlobe Life Inc.Product Competitor13.4B170.7612.153.82%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
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue
29.33B26.97B39.68B43.34B35.69B3.43B36.35B34.48B42.17B39.4B
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
19.05B16.11B28.5B30.98B20.98B-642M32.04B29.64B018.91B
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
7.49B7.35B7.94B9.07B9.61B445M383M501M37.38B16.3B
OpEx / Revenue %
25.54%27.24%20.01%20.92%26.94%12.98%1.05%1.45%88.63%41.38%
Depreciation & Amortization
209M226M378M406M438M528M0000
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
3B3.74B3.61B3.69B5.54B4.15B4.48B5B5.32B4.74B
EBITDA Margin %
10.22%13.86%9.1%8.52%15.51%121.14%12.33%14.51%12.61%12.03%
Interest Expense
303M305M333M355M327M328.28M552M664M525.57M556.31M
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
302M597M286M495M727M546M461M1.04B1.02B877.01M
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)
3.514.814.424.116.734.905.135.296.16-
Diluted Shares Outstanding
615.76M611M597M589M590M589M589M581M572.65M402.6M

SLF Balance Sheet

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

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets
269.11B271.83B297.2B323.01B345.37B323.61B333.24B370.72B398.13B399.34B
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
82.79B144.43B154.9B167.26B97.84B159.41B163.16B179.69B355.77B4M
Long-Term Investments
82.79B86.11B89.25B98.59B97.84B95.96B96.65B110.81B355.77B1.04T
Short-Term Investments
02.21B16.89B14.39B018.39B16.38B17.67B00
Total Current Assets
10.99B11.52B0014.55B00016.14B15.31B
Cash & Equivalents
8.89B7.3B6.71B10.65B12.28B9.38B11.17B10.13B9.68B8.82B
Receivables
001.96B1.81B02.4B2.41B2.75B6.47B102.48B
Other Current Assets
00-25.88B-27.18B0-31.25B-31.1B-31.88B00
Goodwill & Intangibles
6.85B7.19B7.92B8.55B9.89B13.43B14.14B14.51B14.67B58.7B
Goodwill
5.18B5.41B5.83B6.07B6.52B8.71B8.97B9.46B9.52B9.63B
Intangible Assets
1.67B1.78B2.08B2.48B3.37B4.72B5.17B5.06B5.15B5.2B
PP&E (Net)
624M621M1.4B1.39B1.31B1.36B1.45B1.4B1.44B0
Other Assets
-1.29B-89.1B-98.57B-108.54B-1.85B-110.75B-112.25B-126.72B6.3B7.35B
Total Liabilities
246.14B247.26B272.69B297.15B317.3B300.72B309.04B344.59B372.66B373.33B
Total Debt
4.74B6.7B9.04B8.8B10.21B15.55B15.4B16.87B22.04B8.39B
Net Debt
-4.15B-602M2.33B-1.85B-2.07B6.17B4.23B6.74B12.36B-423.09M
Long-Term Debt
6.87B6.59B8.04B7.59B9.63B12.25B12.08B13.62B18.9B8.39B
Short-Term Debt
0104M103M344M574M2.35B2.33B2.3B2.39B0
Total Current Liabilities
2.11B2.15B002.44B00000
Accounts Payable
1.97B2.04B1.83B2.44B1.87B2.35B2.49B2.56B00
Deferred Revenue
0000000000
Other Current Liabilities
-4.9B-5.29B-5.18B-6.5B-6.71B-8.7B-9.26B-9.76B-2.39B0
Deferred Taxes
1000K1000K1000K1000K1000K1000K1000K1000K1000K1.19B
Other Liabilities
-7.27B-6.91B-9.35B-8.84B306.81B-13.67B-13.35B-14.85B352.57B364.63B
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
22.32B23.71B24.49B25.84B26.31B22.8B24.04B26.05B24.51B25.07B
Minority Interest
650M864M19M25M1.76B90M161M76M959.22M942.43M
Retained Earnings
11.41B11.27B11.32B12.29B14.71B11.73B12.16B12.6B12.92B12.81B
Common Stock
10.91B8.42B8.29B8.26B8.3B8.31B8.33B8.19B7.89B7.94B
Accumulated OCI
1.1B1.69B1.46B1.59B986M160M765M2.43B1.38B1.54B
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
0.21x0.27x0.37x0.34x0.36x0.68x0.64x0.65x0.87x0.32x
Book Value per Share
37.3140.2141.0543.9147.5838.8641.0944.9744.4864.62
Tangible BV per Share
26.1828.4427.7929.3930.8216.0617.0719.9918.8627.78

SLF Cash Flow Statement

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

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
1.98B3.83B2.47B9.79B-1.86B4.31B7.82B2.53B13.75B11.44B
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
2.79B3.51B2.71B1.96B5.1B3.92B2.39B4.34B3.55B3.28B
Depreciation & Amortization
209M226M378M00528M00039M
Stock-Based Compensation
476M346M549M00395M0000
Deferred Taxes
00000-395M0000
Other Non-Cash Items
-7.2B-281M-12.57B-5.66B-9.46B12.03B64.89M-4.2B6.63B7.02B
Working Capital Changes
6.19B378M11.4B13.48B2.5B-12.16B5.36B2.39B3.56B1.05B
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-81M3.69B-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-65.42B0-64.14B0-57.22B-36.71B0-71.2B-38.88B
Sale/Maturity of Investments
56.01B62.42B059.9B053.53B32.79B059.91B32.53B
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-156.99M0-6M-140.34M-855M-1.71B-1.19B
Stock Issued
00014.13M06M36.97M036.97M28.03M
Debt Issuance (Net)
-1000K-1000K-1000K-1000K1000K1000K-1000K-1000K1000K4M
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
-179M250M-190M51.01M-35M302M25.51M471M176.05M-97.74M
Cash at Beginning
6.51B5.96B7.19B7.38B10.65B7.69B6.92B11.17B9.66B9.84B
Cash at End
5.96B7.19B6.68B10.62B7.69B9.37B8.43B9.95B9.68B8.82B
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
2.936.143.9516.4-3.2813.5813.054.1123.7528.07

SLF Key Ratios

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

Metric201720182019202020212022202320242025TTM
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
37.3140.2141.0543.9147.5838.8641.0944.9744.4864.62
Debt / Equity
0.21x0.27x0.37x0.34x0.36x0.68x0.64x0.65x0.87x0.32x
Revenue Growth
2.66%-8.06%47.13%9.22%-17.65%-90.39%960.19%-5.15%22.29%1.32%
Related:SLF Dividend History·SLF Revenue History·SLF Price History·SLF P/E History·SLF Financial Ratios·SLF Institutional Holders

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 $3.28B 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 3.23%. 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.

Industry Metrics

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

What if you invested $1,000 in SLF back in 1998?

Total return calculator · dividends reinvested · 28+ years of data

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How much would $100/month in SLF be worth today?

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