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Canadian life and health insurer and asset manager with operations across Canada, the US and Asia, also owning MFS Investment Management.
Canadian life and health insurer and asset manager with operations across Canada, the US and Asia, also owning MFS Investment Management.
Earns premiums on life, health and group insurance, fees on retirement and wealth assets, and fees from MFS, a Boston fund manager it has owned since 1982, and SLC Management, which runs private-market assets. Canada and the US are the base, with Asia the growth region. This is the Toronto-listed share.
In one line: Canada's MetLife/Prudential.
Moat: narrow (brand, scale, distribution). Diversified global insurance and asset management franchise with long-standing distribution across multiple regions.
Headquarters: Toronto, Canada · Founded: 1865 · Employees: 32,151
Size Sun Life Financial (SLF.TO) is a Canada Financials company (Multi-Line Insurance) with a market value of $40.1B, the 31st largest of 420 Canada companies the cockpit tracks. Shares closed at C$101.10 on 6 Nov 2026.
Performance Over six months the shares gained 6.7%, against +15.5% for the median peer and +5.2% for the Canada market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue fell 0.6% over the last twelve months (peer median +9.6%); the operating margin is 58.3% (peer median 16.8%).
Valuation It trades at 2.38× book value against a peer median of 1.71× (5th most expensive of 21).
Price implies The share price implies a return on equity of about 13.7%; Sun Life Financial delivers 13.5%, so the price asks more than the business earns today.
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$44.2B | C$42.2B | C$39.1B | C$41.6B | C$27.0B |
| Revenue growth | — | +8% | -6% | +54% | — |
| Net income | C$3.38B | C$3.55B | C$3.13B | C$3.17B | C$2.94B |
| Free cash flow | C$17.3B | C$13.6B | C$10.9B | C$10.2B | C$7.69B |
| Capital expenditure | C$131M | C$145M | C$143M | C$172M | C$0 |
| Total debt | C$9.12B | C$21.3B | C$19.5B | C$18.1B | C$17.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Sun Life Financial SLF.TO | $40.1B | +7% | -1% | 13% | 2.38× | 13.7% |
| Manulife Financial MFC.TO | $72.2B | +13% | +18% | 13% | 2.22× | 13.0% |
| Great-West Lifeco GWO.TO | $57.4B | +18% | +4% | 16% | 3.02× | 15.7% |
| MetLife MET | $62.4B | +27% | +9% | 13% | 2.28× | 16.2% |
| Prudential Financial PRU | $41.1B | +20% | +4% | 13% | 1.39× | 11.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SLF.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.6% | +3.3% | 2nd lowest of 21 |
| 6-month return | +6.7% | +15.5% | 7th lowest of 21 |
| Return on equity | 13.4% | 16.3% | 7th lowest of 21 |
| Price / book | 2.38× | 1.71× | 5th most expensive of 21 |
| Trailing P/E | 17.1× | 11.3× | 6th most expensive of 21 |
| ROE the price implies | 13.7% | 10.2% | 6th most demanding of 21 |
| ROE delivered | 13.5% | 16.3% | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Sun Life Financial SLF.TO | Canada | $40.1B | +7% | -1% | 13% | 2.38× | 13.7% | 13.5% |
| Sompo 8630.T | Japan | $39.6B | +17% | +41% | 15% | 1.14× | 6.2% | 14.6% |
| American International AIG | United States | $40.7B | +2% | +1% | 8% | 1.04× | 7.5% | 8.2% |
| Power Corporation of Canada POW.TO | Canada | $40.7B | +16% | +10% | 11% | 2.42× | 15.9% | 11.0% |
| China Pacific Insurance (Group) 2601.HK | Hong Kong | $42.5B | -22% | +9% | 14% | 0.69× | 8.4% | 14.4% |
| Arch Capital ACGL | United States | $36.6B | +14% | -5% | 19% | 1.58× | 8.3% | 18.7% |
| Ms&ad Ins Gp Hldgs 8725.T | Japan | $44.4B | +22% | +21% | 17% | 1.07× | 6.9% | 16.6% |
| People's Insurance Co. (Group) of China 601319.SS | China | $44.4B | +1% | +4% | 10% | 0.96× | 6.0% | 9.7% |
| Swiss Re SREN.SW | Switzerland | $50.6B | +27% | -12% | 20% | 2.27× | 6.1% | 20.4% |
| Prudential plc Sponsored ADR PUK | United States | $31.7B | -21% | +39% | 19% | 1.56× | 11.4% | 19.2% |
| Prudential 2378.HK | Hong Kong | $30.8B | -24% | +30% | 19% | 1.54× | 11.3% | 19.3% |
| Aviva AV..L | United Kingdom | $29.5B | +18% | +86% | 7% | 2.46× | 23.8% | 6.8% |
| Cincinnati Financial CINF | United States | $28.5B | +15% | +10% | 17% | 1.76× | 10.6% | 16.9% |
| Great-West Lifeco GWO.TO | Canada | $57.4B | +18% | +4% | 16% | 3.02× | 15.7% | 16.0% |
| W. R. Berkley WRB | United States | $27.9B | +16% | +1% | 19% | 2.91× | 12.8% | 19.2% |
| Helvetia Baloise HBAN.SW | Switzerland | $27.0B | +5% | +54% | 4% | 1.80× | 4.8% | 4.0% |
| Aflac AFL | United States | $62.2B | +10% | +14% | 17% | 2.06× | 12.5% | 16.9% |
| MetLife MET | United States | $62.4B | +27% | +9% | 13% | 2.28× | 16.2% | 13.2% |
| Fubon Financial Hldg 2881.TW | Taiwan | $62.7B | +66% | +12% | 16% | 1.66× | 7.4% | 16.0% |
| Allstate ALL | United States | $64.4B | +20% | +6% | 46% | 2.04× | 9.9% | 46.1% |
| Unipol Assicurazioni UNI.MI | Italy | $23.8B | +13% | +7% | 17% | 1.62× | 14.9% | 16.9% |