Sun Life Finl Stock Price, News & Analysis

Sun Life Financial Inc. (SLF) reported strong Q4 and annual results for 2021, with Q4 net income of $1,078 million, up 45% year-over-year. Annual net income increased 64% to $3,934 million. Underlying net income for Q4 grew 4% to $898 million, and 10% annually to $3,533 million. Key growth drivers included a 13% rise in insurance sales and a 15% increase in assets under management, totaling $1.4 trillion. The company aims for net-zero emissions by 2050 and has committed to a 20% dividend increase, ensuring strong shareholder returns.

Sun Life U.S. has appointed Irlande Audenier as vice president of Group and Voluntary Claims. With over 20 years of experience in claims management, she aims to enhance the claims process and support employers in navigating paid and unpaid leaves. Audenier's leadership is expected to bolster Sun Life’s Work is Healthy (WisH) approach, aiding employee health and productivity. The move comes amid rising demand for comprehensive benefits, particularly post-pandemic, highlighting Sun Life's commitment to innovation in their service offerings.

Sun Life Financial Inc. (TSX: SLF) will announce its fourth quarter 2021 financial results on February 9, 2022, after market hours. A live earnings conference call is scheduled for the following day at 10:00 a.m. ET. The call can be accessed via a webcast or telephone. Sun Life, an international financial services provider, has total assets under management of $1.39 trillion as of September 30, 2021. The company operates in various global markets including Canada, the U.S., and Asia.

Sun Life U.S. has partnered with Teledentistry.com to provide 24/7 virtual access to dental providers for its members. This service is included in dental coverage, allowing members to seek urgent dental care anytime, including emergencies. The collaboration aims to enhance accessibility to dental care, ensuring members can receive consultations quickly and potentially lower costs compared to emergency room visits. Teledentistry.com services are available to Sun Life Dental PPO plan members, improving the healthcare experience for thousands.

On December 31, 2021, Sun Life Financial Inc. (TSX: SLF; NYSE: SLF) completed the redemption of all outstanding Class A Non-Cumulative Rate Reset Preferred Shares Series 12R. This action reflects Sun Life's financial strategy and commitment to capital management. As of September 30, 2021, the company managed total assets worth $1.39 trillion, providing a strong foundation for its operations across various international markets including Canada, the U.S., and the U.K.

On December 16, 2021, Sun Life U.S. launched Sun Life Link, a suite of digital solutions aimed at streamlining benefits administration for employers. This initiative includes API integrations with major HCM and benefits systems, facilitating real-time data and automation for HR tasks. The connections enable faster insurance coverage confirmations for employees and allow HR teams to focus on strategic initiatives. With ongoing enhancements, Sun Life Link aims to address diverse employer needs and improve overall efficiency in benefits management.

On December 9, 2021, Sun Life Financial Inc. (TSX: SLF) announced that Bill Anderson will retire as Chair of the Board after the Annual Meeting on May 11, 2022. He will be succeeded by Scott Powers, who has been a director since 2015 and currently chairs the Governance Committee. Powers brings extensive experience in financial services and aims to further Sun Life's strategy focused on client-centric solutions. As of September 30, 2021, the company had total assets under management of $1.39 trillion, highlighting its significant market position.