The story
Founded by Matthew Hamilton Gault in 1865.1
SLF on NYSE
Canadian insurance company
Sun Life Financial Inc. is a financial services company headquartered in Toronto, Canada.3 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 16, 2026.
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Sun Life Financial Inc. is a financial services company headquartered in Toronto, Canada. Founded in 1865, it operates internationally in life insurance, wealth management, and asset management. As of 2024, the company manages over CAD$1.3 trillion in assets and serves clients in Canada, the United States, Asia, and other markets.3
From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.
Revenue by product, business segment and region, as the company reports it to the SEC.
Sun Life Financial Asset Management brought in 95% of the revenue Sun Life Financial broke down this way in fiscal 2025.
| Business segments | 2024 | 2025 |
|---|---|---|
| Sun Life Financial Asset Management | 6.7B CAD | 6.9B CAD |
| Sun Life Financial Corporate | 404.0M CAD | 361.0M CAD |
Out of 41.9B CAD in revenue.4
Out of 2.8B CAD of cash from operations.4
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Insurance revenue | 24.0B CAD | 22.6B CAD |
| Insurance service expenses | -20.4B CAD | -19.6B CAD |
| Reinsurance contract held net income (expenses) | -94.0M CAD | 85.0M CAD |
| Net insurance service result | 3.5B CAD | 3.1B CAD |
| Net investment income (loss) | 8.9B CAD | 7.4B CAD |
| Insurance finance income (expenses) from insurance contracts issued | -6.8B CAD | -5.1B CAD |
| Insurance finance income (expenses) from reinsurance contracts held | 69.0M CAD | 51.0M CAD |
| Decrease (increase) in investment contract liabilities | -323.0M CAD | -393.0M CAD |
| Net investment result excluding result for account of segregated fund holders | 1.8B CAD | 1.9B CAD |
| Investment income (loss) on investments for account of segregated fund holders | 1.9B CAD | 2.3B CAD |
| Insurance finance income (expenses) | -1.9B CAD | -2.3B CAD |
| Net investment result for insurance contracts for account of segregated fund holders | 0 CAD | 0 CAD |
| Net investment result | 1.8B CAD | 1.9B CAD |
| Fee income | 9.1B CAD | 8.6B CAD |
| Other income | 0 CAD | -163.0M CAD |
| Operating expenses and commissions | 9.0B CAD | 8.8B CAD |
| Interest expenses | 526.0M CAD | 664.0M CAD |
| Total other expenses (income) | 9.6B CAD | 9.3B CAD |
| Income (loss) before income taxes | 4.8B CAD | 4.3B CAD |
| Less: Income tax expense (benefit) | 1.0B CAD | 1.0B CAD |
| Total net income (loss) | 3.8B CAD | 3.3B CAD |
| Less: Net income (loss) allocated to the participating account | 194.0M CAD | 42.0M CAD |
| Net income (loss) attributable to non-controlling interests | 37.0M CAD | 128.0M CAD |
| Shareholders' net income (loss) | 3.6B CAD | 3.1B CAD |
| Less: Dividends on preferred shares and distributions on other equity instruments | 79.0M CAD | 80.0M CAD |
| Common shareholders' net income (loss) | 3.5B CAD | 3.0B CAD |
| Average exchange rates during the reporting periods (in USD per share) | $1 | $1 |
| Basic (in CAD per share) | 6.17 CAD | 5.27 CAD |
| Diluted (in CAD per share) | 6.15 CAD | 5.26 CAD |
| Dividends per common share (in CAD per share) | 3.52 CAD | 3.24 CAD |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash, cash equivalents and short-term securities | 14.8B CAD | 13.9B CAD |
| Debt securities | 85.6B CAD | 82.0B CAD |
| Equity securities | 12.2B CAD | 10.0B CAD |
| Mortgages and loans | 59.4B CAD | 57.6B CAD |
| Derivative assets | 1.5B CAD | 2.0B CAD |
| Other financial invested assets | 14.4B CAD | 13.3B CAD |
| Financial invested assets | 188.1B CAD | 178.7B CAD |
| Investment properties | 9.4B CAD | 9.3B CAD |
| Other non-financial invested assets | 1.7B CAD | 1.8B CAD |
| Invested assets | 199.2B CAD | 189.8B CAD |
| Other assets | 7.8B CAD | 7.0B CAD |
| Reinsurance contract held assets | 6.1B CAD | 6.3B CAD |
| Insurance contract assets | 335.0M CAD | 355.0M CAD |
| Deferred tax assets | 3.8B CAD | 3.9B CAD |
| Intangible assets | 5.2B CAD | 5.1B CAD |
| Goodwill | 9.5B CAD | 9.5B CAD |
| Total general fund assets | 231.9B CAD | 221.9B CAD |
| Investments for account of segregated fund holders | 166.6B CAD | 148.8B CAD |
| Total assets | 398.5B CAD | 370.7B CAD |
| Insurance contract liabilities excluding those for account of segregated fund holders | 155.9B CAD | 147.3B CAD |
| Reinsurance contract held liabilities | 2.0B CAD | 1.8B CAD |
| Investment contract liabilities | 11.8B CAD | 11.7B CAD |
| Derivative liabilities | 2.1B CAD | 2.1B CAD |
| Deferred tax liabilities | 301.0M CAD | 286.0M CAD |
| Other liabilities | 25.9B CAD | 26.3B CAD |
| Senior debentures | 200.0M CAD | 200.0M CAD |
| Subordinated debt | 8.2B CAD | 6.2B CAD |
| Total general fund liabilities | 206.4B CAD | 195.8B CAD |
| Insurance contract liabilities for account of segregated fund holders | 20.1B CAD | 20.1B CAD |
| Investment contract liabilities for account of segregated fund holders | 146.5B CAD | 128.7B CAD |
| Total liabilities | 373.0B CAD | 344.6B CAD |
| Issued share capital and contributed surplus | 10.2B CAD | 10.5B CAD |
| Shareholders retained earnings and accumulated other comprehensive income | 14.3B CAD | 15.0B CAD |
| Total shareholders equity | 24.5B CAD | 25.6B CAD |
| Equity in the participating account | 696.0M CAD | 496.0M CAD |
| Non-controlling interests equity | 264.0M CAD | 76.0M CAD |
| Total equity | 25.5B CAD | 26.1B CAD |
| Total liabilities and equity | 398.5B CAD | 370.7B CAD |
| Exchange rates at the end of the reporting periods (in USD per share) | $1 | $1 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Income (loss) before income taxes | 4.8B CAD | 4.3B CAD |
| Interest expense related to financing activities | 363.0M CAD | 398.0M CAD |
| (Decrease) increase in investment contract liabilities | 323.0M CAD | 393.0M CAD |
| Changes in insurance contract liabilities and assets | 3.2B CAD | 2.1B CAD |
| Changes in reinsurance contract held assets and liabilities | 25.0M CAD | -136.0M CAD |
| Realized and unrealized (gains) losses and foreign currency changes on invested assets | -765.0M CAD | 129.0M CAD |
| Sales, maturities and repayments of invested assets | 60.0B CAD | 52.5B CAD |
| Purchases of invested assets | -71.2B CAD | -61.3B CAD |
| Income taxes received (paid) | -978.0M CAD | -1.1B CAD |
| Mortgage securitization | -423.0M CAD | -265.0M CAD |
| Other operating activities | 7.5B CAD | 5.4B CAD |
| Net cash provided by (used in) operating activities | 2.8B CAD | 2.5B CAD |
| Net (purchase) sale of property and equipment | -145.0M CAD | -143.0M CAD |
| Investment in and transactions with joint ventures and associates | -44.0M CAD | -17.0M CAD |
| Dividends and other proceeds related to joint ventures and associates | 55.0M CAD | 160.0M CAD |
| Acquisitions, net of cash and cash equivalents acquired | 25.0M CAD | 0 CAD |
| Other investing activities | -211.0M CAD | -337.0M CAD |
| Net cash provided by (used in) investing activities | -320.0M CAD | -337.0M CAD |
| Increase in (repayment of) borrowed funds | 28.0M CAD | 23.0M CAD |
| Issuance of subordinated debt, net of issuance costs | 2.0B CAD | 746.0M CAD |
| Increase in (repayment of) borrowings from credit facility | -308.0M CAD | -340.0M CAD |
| Redemption of senior debentures and subordinated debt | 0 CAD | -750.0M CAD |
| Issuance of common shares on exercise of stock options | 37.0M CAD | 43.0M CAD |
| Transactions with non-controlling interests | -78.0M CAD | -223.0M CAD |
| Common shares purchased for cancellation | -1.7B CAD | -855.0M CAD |
| Dividends paid on common and preferred shares | -2.1B CAD | -2.0B CAD |
| Payment of lease liabilities | -180.0M CAD | -175.0M CAD |
| Interest expense paid | -355.0M CAD | -389.0M CAD |
| Net cash provided by (used in) financing activities | -2.6B CAD | -3.9B CAD |
| Changes due to fluctuations in exchange rates | -198.0M CAD | 471.0M CAD |
| Increase (decrease) in cash and cash equivalents | -355.0M CAD | -1.2B CAD |
Founded by Matthew Hamilton Gault in 1865.1
Who has led Sun Life Financial, and when. Pick a name to see everywhere that person has worked.
Listed on Wikidata.1
From Wikidata.1
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
The numbers on this page point here. Each one links to the record it came from.