Sun Life Financial Posts CA$928 Million in Q1 2025, Up by 13%

Sun Life Financial reported an underlying net income of CA$1,045 million increase of CA$170 million, or 19%, from Q1'24; underlying return on equity (ROE) was 17.7%. Reported net income of CA$928 million increased CA$110 million, or 13%, from Q1'24; reported ROE was 15.7%. Assets under management (AUM) of CA$1,551 billion increased CA$81 billion, or 6%, from Q1'24. Increase to common share dividend from CA$0.84 to CA$0.88 per share.

“This quarter, we achieved strong top and bottom-line growth across all of our businesses, reflecting the trust and confidence our Clients continue to place in Sun Life for their health and financial needs,” said Kevin Strain, President and CEO of Sun Life. “In an increasingly complex business environment, we continue to advance on our Client Impact Strategy and strategic imperatives, underscored by new digital tools and capabilities, robust capital raising at SLC Management and strong sales and distribution in Asia.”

“We’re pleased with our overall results this quarter, which were supported by our strong fundamentals, while continuing to progress towards our Medium Term Objectives,” said Tim Deacon, Executive Vice-President and Chief Financial Officer for Sun Life. “Our capital position remains strong with a LICAT ratio of 149%, providing resilience and financial flexibility. This quarter we also announced a five percent increase to our common share dividend and are seeking to renew our normal course issuer bid to enable continued share buybacks.”