Welcome to our dedicated page for Sun Life Finl news (Ticker: SLF), a resource for investors and traders seeking the latest updates and insights on Sun Life Finl stock.
Sun Life Financial Inc. (SLF) delivers insurance, wealth management, and health solutions across global markets. This news hub provides investors and stakeholders with essential updates about corporate developments, financial performance, and strategic initiatives.
Access timely announcements including quarterly earnings reports, leadership changes, product innovations, and regulatory filings. Our curated collection ensures you stay informed about SLF's position in financial services markets without promotional bias.
Discover updates spanning key business areas: insurance product launches, asset management partnerships, and health benefit expansions. Each release is presented with contextual clarity to support informed analysis of the company's trajectory.
Bookmark this page for streamlined access to Sun Life Financial's official communications. Combine these updates with market analysis tools to track SLF's evolving role in global financial security solutions.
Amazon Web Services (AWS) has been chosen by Sun Life (TSX: SLF, NYSE: SLF) as its strategic cloud technology provider to enhance its digital capabilities. The partnership aims to develop innovative digital client experiences and improve operational efficiency. Sun Life introduced the 'Catalysts for Cloud' training program for employees, enhancing cloud skills with AWS support. Additionally, Sun Life has established innovation labs in North America and Asia to improve collaboration and client interactions. This cloud-first approach positions Sun Life as a leader in digital transformation in the insurance sector.
On September 9, 2021, Kevin Strain, President & CEO of Sun Life, will engage in a virtual fireside chat at the Scotiabank Financials Summit. The discussion will be moderated by Meny Grauman, Managing Director of Canadian Financial Services at Scotiabank. The event is set for 2:45 p.m. ET, and interested parties can access the live webcast through the Sun Life website. As of June 30, 2021, Sun Life's assets under management totaled $1.36 trillion.
Sun Life Financial announced that it will not redeem its Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Series 11QR on September 30, 2021. Holders can convert shares between these two series on that date. If either series falls below one million shares, all shares will automatically convert to the other series. The dividend rates for both series will be determined on August 31, 2021, and announced that same day. Cash redemptions for these shares can occur starting September 30, 2026, subject to regulatory approval.
Sun Life Financial Inc. (TSX: SLF) announced plans to redeem $400 million of Class A Non-Cumulative Preferred Shares Series 1 and $325 million of Series 2 Shares on September 29, 2021. The redemption price will be $25.00 per share, plus any declared and unpaid dividends. The final quarterly dividends for Series 1 and Series 2 Shares are set at $0.296875 and $0.30, respectively, payable on the same date to shareholders on record as of August 25, 2021. As of June 30, 2021, Sun Life had total assets under management of $1.36 trillion.
Sun Life Financial Inc. (TSX: SLF) announced a dividend of $0.55 per common share, payable on September 29, 2021, to shareholders of record by August 25, 2021. This reflects no change from the previous quarter's dividend. Additionally, various dividends were declared for Class A Non-Cumulative Preferred Shares, also payable on the same date. Sun Life has designated these dividends as eligible under the Income Tax Act in Canada. As of June 30, 2021, the company reported total assets under management of $1.36 trillion.
Sun Life Financial Inc. (SLF) reported robust Q2 2021 results with a reported net income of $900 million, up 73% from $519 million in Q2 2020. Underlying net income increased 19% to $883 million. The company highlighted growth across all segments, particularly in Canada and Asia, with insurance sales rising 15% year-over-year. The return on equity improved significantly to 16.3%. However, the U.S. segment faced a 16% decline in insurance sales compared to the previous year. The company also plans to redeem $725 million in preferred shares, subject to regulatory approval.
Sun Life Financial Inc. (TSX: SLF) will announce its second-quarter financial results on August 4, 2021, after market close. A conference call and live webcast will be held on August 5, 2021, at 3:00 p.m. ET to discuss the results. Investors can access the live webcast here. As of March 31, 2021, Sun Life had total assets under management of $1,304 billion. For further inquiries, interested parties can reach out to the respective media and investor relations contacts.
Sun Life Financial Inc. (TSX: SLF) has finalized its acquisition of PinnacleCare International, a U.S.-based health-care navigation firm. This transaction integrates PinnacleCare's services into Sun Life's U.S. Stop-Loss & Health business, enhancing care experiences for employees facing serious medical conditions. PinnacleCare, with over 170 employees and 20 years of experience, serves over 2 million individuals. The acquisition is expected to broaden Sun Life's market reach and develop new client solutions.
Sun Life Financial Inc. (TSX: SLF) has successfully completed a public offering in Canada, raising $1 billion through the sale of 3.60% Limited Recourse Capital Notes Series 2021-1. The funds will support general corporate purposes, including potential investments and debt repayment. Additionally, the company issued 1 million Class A Non-Cumulative Rate Reset Preferred Shares Series 14 to a trust as part of this offering. The notes and shares are not registered under U.S. securities law, limiting their offering in the U.S.
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