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.
Sun Life Financial (TSX: SLF, NYSE: SLF) has received an unsolicited mini-tender offer from Obatan LLC to purchase approximately 50,000 shares at US$35 each, significantly lower than market prices. This represents discounts of 19.90% and 19.84% on the TSX and NYSE as of December 18, 2020, and 20.94% and 20.80% on January 4, 2021. Sun Life advises shareholders to be cautious as mini-tender offers often lack proper disclosures and can undervalue shares. The SEC warns that bids are typically below market value, and shareholders should consult their advisors before responding to the offer.
Sun Life Financial Inc. (TSX: SLF, NYSE: SLF) announced its intention to redeem all outstanding $350 million of Series 2016-1 Subordinated Unsecured 3.10% Fixed/Floating Debentures on February 19, 2021. This redemption will be funded by existing cash and liquid assets. The Debentures are redeemable at the principal amount plus accrued interest. After redemption, interest will cease, and holders will only receive the redemption price. As of September 30, 2020, Sun Life held total assets under management of $1,186 billion.
Sun Life U.S. has commenced construction of a new office in downtown Portland, Maine, covering 77,000 square feet, set to be completed in 2022. This space will foster collaboration among teams and showcase capabilities to clients. The office will include a Center for Healthy Work, emphasizing the company's philosophy of supporting individuals with disabling conditions. Sun Life has partnered with Northeastern University's Roux Institute to develop talent in data science. This development will enhance Portland's business landscape, with amenities like dining and direct waterfront access.
On December 8, 2020, it was announced that the #SunLifeDunk4Diabetes campaign raised $105,000 for the Greater Boston YMCA during National Diabetes Awareness Month. Each dunk shared with the hashtag contributed $21 towards the YMCA's Healthy Habits program. The Celtics Shamrock Foundation matched donations up to $25,000. Since its inception in 2014, the campaign has collected over $600,000 for diabetes education. Sun Life has donated more than $24 million globally to various diabetes programs, highlighting their commitment to health initiatives.
Sun Life announced that Leonardo Dionicio, VP of Technology Foundation for Sun Life U.S., has been recognized in the HITEC 2021 100 list, highlighting top Hispanic professionals in technology. This achievement reflects his significant contributions and leadership in advancing technology solutions at Sun Life. Dionicio, who joined from Travelers, is responsible for driving innovation and ensuring business continuity. The HITEC 100 awards will be held virtually on December 8, 2020.
Sun Life Financial Inc. (TSX: SLF) announced the impending retirement of President and CEO Dean Connor, effective August 6, 2021. CFO Kevin Strain will succeed Connor as President on February 15, 2021, and later take over as CEO. Under Connor's leadership, Sun Life achieved a 12% annual growth in underlying earnings per share and increased assets under management from C$466 billion to C$1.2 trillion. The transition aims to continue the company's commitment to client-centric strategies and digital innovation.
Sun Life Financial Inc. (TSX: SLF, NYSE: SLF) has announced a 15-year exclusive bancassurance partnership with Asia Commercial Joint Stock Bank (ACB) in Vietnam, effective January 1, 2021. This collaboration will enable ACB's 371 branches to distribute Sun Life Vietnam's insurance solutions to over 3.6 million clients. Sun Life Vietnam reported a 47% increase in sales for the year ending September 30, 2020. This partnership reinforces Sun Life's commitment to expanding its distribution capabilities and enhancing customer experience in the fast-growing Vietnamese market.
On November 4, 2020, Sun Life Financial Inc. (TSX: SLF) announced a dividend of $0.55 per common share, payable on December 31, 2020, to shareholders of record by November 25, 2020. The dividend remains unchanged from the previous quarter. Additionally, several dividends on Class A Non-Cumulative Preferred Shares were declared, with amounts ranging from $0.098238 to $0.296875 per share, also payable on December 31, 2020. All dividends are designated as eligible dividends under Canada's Income Tax Act.
Sun Life Financial Inc. (SLF) reported strong Q3 2020 results, with net income rising to $750 million, up 10% from Q3 2019, and underlying net income increasing to $842 million. The company's reported ROE improved to 13.5%. Year-to-date profit highlights include $2.351 billion in underlying net income. While Canadian insurance sales saw a 28% decline, wealth sales surged 65%. The company announced its majority acquisition of Crescent Capital Group, aiming to enhance alternative credit solutions. Sun Life continues to strengthen its market position despite COVID-19 challenges.
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