Sun Life Financial Q2 2025 Underlying Net Income Rises 2% to C$1.015 Million

​Sun Life Financial reported an underlying net income of CA$1,015 million increased CA$15 million or 2% from Q2'24; underlying return on equity (ROE) was 17.6%. Reported net income of CA$716 million increased CA$70 million or 11% from Q2'24; reported ROE was 12.4%. Assets under management (AUM) of CA$1,541 billion increased CA$76 billion or 5% from Q2'24.

“Sun Life’s Q2 results were driven by record underlying net income in Asia with strong protection business growth, higher wealth management and investment earnings. We also saw a 15% increase in bancassurance sales across several of our Asia markets, including Hong Kong, India and the Philippines, as well as continued growth in SLC Management flows, demonstrating resilience in our business mix,” said Kevin Strain, President and CEO of Sun Life. “Driving business and Client outcomes through digital initiatives remains one of our strategic priorities. Innovative GenAI tools are accelerating progress across all of our four pillars, enhancing Client experience and interactions, decreasing processing times for claims, and driving productivity savings.”
 
Strain added, “We maintained a strong capital position with a LICAT ratio of 151% providing stability and flexibility to invest, grow and create long-term value for our stakeholders, while navigating an uncertain external environment. We continue to be active in our share buy-back program purchasing nearly $400 million of shares in the quarter.”