AllAnalyst Report
logoMorningstarSeptember 04, 2024

Sun Life Financial Inc.: Sun Life Earnings: Favorable Individual Underwriting Results in Canada and Asia Mark a Good Quarter

Symbols
SLF
Sector(s)
Financial Services
Rating
Current Price
$55.32
Fair Value
Economic Moat
Stewardship
Summary

Sun Life provides life insurance, retirement, and asset management products to individuals and corporate customers in Canada, the United States, and Asia. The company’s investment management business contributes approximately 30% of its adjusted earnings and has around CAD 1 trillion in assets under management as of the fourth quarter of 2023. The Canada business contributes about 35% of adjusted earnings and provides individual life and health insurance, group insurance, retirement services, and wealth management solutions. The U.S. business contributed approximatel

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