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.
Sun Life has announced the dividend rates for its Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Series 11QR, effective from September 30, 2021. The Series 10R Shares will pay a dividend of 2.967% per annum, equating to $0.185438 per share quarterly, while the Series 11QR Shares will offer a floating rate of 2.357% per annum or $0.148523 per share for the period ending December 30, 2021. Investors have until September 15, 2021, to exercise conversion rights. The shares are not registered in the U.S., and the announcement reflects the company's ongoing commitment to shareholder returns.
Sun Life U.S. will relocate its Connecticut office to One Financial Plaza in Hartford, occupying 47,000 square feet. This move is designed to strengthen talent acquisition in a key insurance market. The new office will accommodate up to 450 employees, enhancing operational efficiency with modern amenities. The relocation is seen as a positive signal for Hartford's economic recovery post-pandemic, reinforcing the city's business ecosystem. Design work starts in early 2022, with a planned occupancy in September 2022.
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.
Summary not available.