Sun Life Finl Stock Price, News & Analysis

Sun Life (NYSE:SLF) has announced a significant leadership transition, with David Healy, current President of the Dental business, appointed as the new President of Sun Life U.S. effective September 1, 2025. He succeeds Dan Fishbein, who will retire in March 2026 after 11 years of service.

Healy brings over 20 years of experience at Sun Life, having previously led the Group Benefits business and U.S. Operations and Technology teams. His tenure includes overseeing key acquisitions such as Assurant Employee Benefits in 2016 and Maxwell Health in 2018. Fishbein will serve as Executive Chair during the transition period.

Sun Life Financial (NYSE: SLF) has declared its quarterly dividend payments for Q3 2025. The company will pay a dividend of $0.88 per common share, maintaining the same amount as the previous quarter. The dividend is payable on September 29, 2025 to shareholders of record as of August 27, 2025.

Additionally, Sun Life announced dividend payments for its Class A Non-Cumulative Preferred Shares, with amounts ranging from $0.185438 to $0.303348 per share across different series. Common shares acquired through the Canadian Dividend Reinvestment and Share Purchase Plan will be purchased on the open market through various Canadian trading platforms.

Sun Life (NYSE:SLF) reported strong Q2 2025 financial results with underlying net income of $1,015 million, up 2% year-over-year, and an underlying ROE of 17.6%. The company's reported net income reached $716 million, an 11% increase from Q2 2024.

Key performance highlights include record underlying net income in Asia, with total Assets Under Management (AUM) growing to $1,541 billion, a 5% increase year-over-year. The company maintained a strong capital position with a LICAT ratio of 151% and actively pursued its share buyback program, purchasing nearly $400 million of shares in the quarter.

By segment, Asset Management & Wealth remained stable at $455 million, Group Health & Protection increased 7% to $326 million, while Individual Protection decreased 10% to $299 million. The company reported significant growth in bancassurance sales across Asian markets and continued strength in SLC Management flows.

Sun Life (NYSE:SLF) has expanded its Family Leave Insurance (FLI) offering to Michigan and West Virginia, bringing the total coverage to 16 states. FLI provides income replacement for family and bonding leave, complementing traditional short-term disability insurance.

The expansion allows employers to offer paid family leave benefits equally to all eligible employees, regardless of their location. The insurance is fully insured, making it accessible for small and mid-size employers without self-funding risks. Sun Life will begin quoting in Massachusetts next month, with additional state approvals expected throughout 2025.

The program aligns with the federal paid leave tax credit and features online claims submission and leave tracking capabilities for employers.

Sun Life (NYSE:SLF) has expanded its Family Leave Insurance (FLI) offering to Massachusetts, enabling employers to provide family leave benefits across their entire workforce, including employees in other states. The FLI program complements Massachusetts' mandated Paid Family and Medical Leave (PFML) by providing additional income replacement for higher-wage earners.

The fully insured FLI offering fills crucial gaps in family leave coverage, supporting employees taking leave to care for family members or bond with new children. Currently available in 14 states, Sun Life will expand FLI to Michigan and West Virginia in August 2025, with more states expected throughout the year. The program aligns with the federal paid leave tax credit and features online claims submission and leave tracking capabilities.

Sun Life Financial (NYSE:SLF) has announced it will release its Q2 2025 financial results on Thursday, August 7, 2025, after markets close. The company will host a live webcast to discuss the quarterly results on Friday, August 8, 2025, at 10:00 a.m. ET. Investors can access both the presentation and conference call through a webcast, with a telephone option also available. A replay of the webcast will be made available following the event.

DentaQuest, a part of Sun Life U.S. (NYSE:SLF), announced that Dr. Damien Cuffie, their dental director in Louisiana, has been named among the National Dental Association's (NDA) "40 Under 40" honorees for 2025. The recognition highlights Dr. Cuffie's significant contributions to oral healthcare, particularly his work with special populations.

Dr. Cuffie's achievements include serving Medicaid and CHIP populations through DentaQuest, working at an HIV outpatient dental clinic, and dedicating over a decade as an Army dentist where he reached the rank of Major. The award was formally announced at the NDA's annual convention on July 12, 2025.

Sun Life U.S. (NYSE:SLF) and DentaQuest have announced a $50,000 donation to support Texas flood relief efforts. The donation will be split equally between the Community Foundation of the Texas Hill Country's Kerr County Flood Relief Fund and TEXSAR (Texas Search and Rescue), each receiving $25,000.

The company also maintains an annual $20,000 donation to the American Red Cross for emergency preparedness. Sun Life is providing support to affected clients, members, dental providers, and employees in the region, offering flexibility with payments and benefit arrangements.

Sun Life Financial announced the results of its preferred shares conversion between Series 8R and Series 9QR shares. On June 30, 2025, 1,400 Series 8R shares will convert to Series 9QR shares, while 2,664,916 Series 9QR shares will convert to Series 8R shares. After the conversion, Sun Life will have 8,880,847 Series 8R Shares and 2,319,153 Series 9QR Shares outstanding. Both share series will be listed on TSX under symbols SLF.PR.G and SLF.PR.J respectively. Subject to regulatory approval, Sun Life may redeem Series 8R shares at $25.00 per share and Series 9QR shares at either $25.00 or $25.50 per share, depending on the redemption date, plus any declared and unpaid dividends.