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Sun Life Financial Inc SLF Stock Quote

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Morningstar‘s Stock Analysis SLF

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Economic Moat

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Rising Rates Help but Equity Market Downturn Hurts Sun Life's Outsize Asset Management Business

Rajiv Bhatia, CFA Equity Analyst

Business Strategy and Outlook

| Rajiv Bhatia, CFA |

Following the 2008-09 financial crisis, Sun Life made several positive changes to its business operations, most notably selling its lagging U.S. life insurance and annuities business. Sun Life’s medium-term objectives include underlying EPS growth of 8%-10%, underlying returns on equity of 12%-14%, and a dividend payout rate of 40%-50%.

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Key Statistics SLF

Company Profile SLF

Business Description

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm. Sun Life generates about a third of its profit from asset-management operations.

Contact
1 York Street, 31st Floor
Toronto, ON, M5J 0B6, Canada
T +1 416 979-9966
Industry Insurance - Diversified
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 24,589