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.
News for Sun Life Financial Inc. (SLF) reflects its role as an international financial services organization focused on asset management, wealth, insurance and health solutions for individual and institutional clients. Because Sun Life operates in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda, its news flow spans multiple regions and business lines.
Investors and followers of SLF can expect regular updates on corporate announcements, including news releases furnished on Form 6-K, shareholder reports and other disclosures tied to its Form 40-F reporting framework. Coverage often highlights Sun Life’s asset management scale, its life and health insurance activities, and developments in its wealth and benefits businesses across different markets.
A significant portion of Sun Life’s recent news relates to Sun Life U.S., which is described as one of the largest providers of employee and government benefits in the United States. Articles cover topics such as employee benefits offerings (dental, vision, disability, absence management, life, supplemental health, medical stop-loss insurance and healthcare navigation), workplace culture and recognition as a top employer in various U.S. cities, and partnerships with organizations like the Boston Celtics, the Kansas City Royals Foundation and community health nonprofits.
Readers will also see stories about health access and philanthropy, including the Health Access Hero Awards administered by Sun Life U.S. and DentaQuest, and campaigns like #SunLifeDunk4Diabetes and Strikeout Diabetes that support diabetes prevention, oral health and community wellness programs. In addition, Sun Life issues news on technology and benefits education initiatives, such as making its benefits accessible on Pasito, an AI-powered benefits education and communications platform.
This news page aggregates these items so that investors, clients and observers can follow Sun Life’s corporate developments, benefits initiatives, community partnerships and regulatory news in one place.
The Boston Celtics raised $105,000 for the #SunLifeDunk4Diabetes campaign in November, led by Robert Williams with 19 dunks. Each dunk contributed $1,000, while fans voted on Twitter for the best dunks, generating additional funds. The program supports the YMCA of Greater Boston's Healthy Habits initiative, which assists at-risk individuals in managing diabetes. Since 2014, the campaign has raised over $700,000. Sun Life has globally contributed more than $33 million to diabetes programs. The partnership emphasizes health access in underserved communities.
Summary not available.
Sun Life Financial Inc. (TSX: SLF) has announced its plan to redeem $300 million of Class A Non-Cumulative Rate Reset Preferred Shares Series 12R on December 31, 2021. The redemption price is set at $25.00 per share, including all declared and unpaid dividends. The final quarterly dividend of $0.237875 per share will also be paid on the same date to shareholders recorded as of November 24, 2021. As of September 30, 2021, Sun Life had total assets under management of $1.39 trillion.
On November 18, 2021, Sun Life Financial Inc. (TSX: SLF) completed a public offering in Canada, raising $2 billion through the issuance of subordinated unsecured debentures across three series. The offerings include $500 million of Series 2021-1 (2.46% due 2031), $1 billion of Series 2021-2 (2.80% due 2033), and $500 million of Series 2021-3 (3.15% due 2036). The proceeds will fund general corporate purposes, including a portion of the acquisition of DentaQuest Group, Inc. and other strategic investments.
On November 16, 2021, Sun Life Financial Inc. (TSX: SLF) announced an offering of $2 billion in subordinated unsecured debentures: Series 2021-1 ($500 million), Series 2021-2 ($1 billion), and Series 2021-3 ($500 million). The issuance is set to close on November 18, 2021. Proceeds will fund various corporate needs, including the acquisition of DentaQuest Group, Inc. The debentures are expected to qualify for Tier 2 capital upon closing of the acquisition. Notably, redemption of Series 2021-2 and 2021-3 is contingent on the acquisition's closure before October 3, 2022.
Sun Life U.S. awarded $350,000 in grants to six organizations as part of their Team Up Against Diabetes program, aimed at supporting diabetes prevention and management in underserved communities. The initiative is part of Sun Life's philanthropic efforts to address healthcare access disparities highlighted by the pandemic. Each recipient will utilize the funds for innovative diabetes support programs, nutrition access, and educational initiatives. Since 2016, Sun Life has donated over $1.35 million to diabetes-related programs across the U.S.
Sun Life Financial Inc. (TSX: SLF) announced a dividend of $0.11 per share on common shares, payable on December 31, 2021. Shareholders will receive a total quarterly dividend of $0.66 per share, marking a 20% increase from the previous dividend. This decision follows OSFI's recent removal of restrictions on dividend increases that were in place since March 2020 due to the pandemic. Sun Life remains committed to a dividend payout ratio of 40-50% as part of its financial goals, highlighting its focus on delivering shareholder value.
Summary not available.
Sun Life Financial Inc. (TSX: SLF) announced a dividend of $0.55 per share on common shares, payable on December 31, 2021, to shareholders of record by November 24, 2021. This dividend matches the amount paid in the previous quarter. Additionally, several dividends for Class A Non-Cumulative Preferred Shares were declared, with amounts ranging from $0.100633 to $0.28125 per share. All dividends are designated as eligible dividends under Canadian tax laws.
Sun Life Financial Inc. (SLF) reported strong Q3 2021 results with a net income of $1,019 million, a 36% increase from Q3 2020, and an underlying net income of $902 million, up 7%. The company saw positive growth in insurance sales, particularly in Canada, where there was a 24% increase. Sun Life also raised its medium-term financial objective for underlying ROE to over 16% due to improved business performance. The company's commitment to sustainability is exemplified by the appointment of its first Chief Sustainability Officer and plans to achieve net-zero by 2050.