Sun Life Financial Inc. reports recurring developments across its international financial services business, including insurance, wealth, health and asset management solutions for individual and institutional clients. Company updates commonly cover quarterly results, assets under management, segment trends in Canada, the U.S., Asia and asset management, and the performance of Sun Life Asset Management and U.S. Health & Risk Solutions.
News also includes capital actions such as common and preferred share dividends, dividend reinvestment plan mechanics, director elections, annual meeting voting results, executive and governance matters, and partnership activity tied to health and community programs. Sun Life trades under SLF on the Toronto, New York and Philippine stock exchanges.
Sun Life Financial Inc. (TSX: SLF) will announce its third quarter 2021 financial results on November 3, 2021, after market closure. An earnings conference call and live webcast is scheduled for November 4, 2021, at 10:00 a.m. ET. Investors can access the webcast and presentation slides via the company's website. The call will be available by telephone for participants, and an archive will be accessible post-event. Sun Life reported total assets under management of $1.36 trillion as of June 30, 2021.
Sun Life Financial Inc. (TSX: SLF, NYSE: SLF) has successfully sold its 12.5% indirect stake in Aditya Birla Sun Life AMC Limited for approximately C$430 million, resulting in a projected gain of C$300 million in Q4 2021. Following the IPO, which valued ABSLAMC at around C$3.4 billion, Sun Life's indirect ownership rose to 36.5%. ABSLAMC started trading on October 11, 2021, and is recognized as one of the largest asset management firms in India, boasting significant growth in net income at a 19% CAGR between 2018 and 2020.
Sun Life Financial Inc. (TSX: SLF) announces the retirement of James M. Peck from its Board of Directors after two years of service, bringing deep expertise in data and analytics. The company appointed Helen Mallovy Hicks and Marie-Lucie Morin as new board members, effective October 31, 2021, and December 31, 2021, respectively. Mallovy Hicks has over 30 years in global business management, while Morin has extensive experience in international trade and public service. These appointments align with Sun Life's commitment to diversity, increasing the percentage of women on the board to 42%.
Sun Life Financial Inc. (TSX: SLF, NYSE: SLF) announced its intention to acquire DentaQuest, a leading U.S. dental benefits provider. This strategic move aims to enhance Sun Life's portfolio within the health benefits sector. A conference call will be held on October 4, 2021, at 8:00 a.m. ET to discuss this acquisition in detail. Sun Life manages over C$1.36 trillion in assets as of June 30, 2021, and serves more than 55,000 employers in the U.S.
Sun Life Financial Inc. (TSX: SLF, NYSE: SLF) has announced its definitive agreement to acquire DentaQuest for US$2.475 billion, effectively more than doubling its U.S. employee benefits revenue. This acquisition positions Sun Life as a leading provider of dental benefits in the U.S., serving over 33 million members. The transaction is expected to be accretive to underlying earnings per share by C$0.17 in 2022, increasing to C$0.24 in 2024 through synergies. The deal highlights a strategic focus on government dental benefits and emphasizes the importance of oral health integration.
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On September 30, 2021, Sun Life and the Kansas City Royals raised over $21,000 for the Boys & Girls Clubs of Greater Kansas City through the Strikeout Diabetes program. For each Royals strikeout, Sun Life donated $21 to support local youth health initiatives. This collaboration aims to combat diabetes, affecting a person every 21 seconds in the U.S. The donation highlights Sun Life's commitment to community support, having previously donated over $21 million to diabetes-related causes globally.
Sun Life Financial Inc. (TSX: SLF, NYSE: SLF) announced the successful redemption of all issued Class A Non-Cumulative Preferred Shares Series 1 and Series 2. This strategic move, completed on September 29, 2021, enhances the company's capital structure and reflects its commitment to optimizing shareholder value. As of June 30, 2021, Sun Life managed total assets of $1.36 trillion across various global markets, positioning itself as a leading international financial services organization.
Leonardo Dionicio, vice president of the Technology Foundation for Sun Life U.S., has been recognized for the second consecutive year in the HITEC 100 list, celebrating influential Hispanic IT professionals. Dionicio has contributed to advancing Sun Life's digital capabilities and managing business continuity during the pandemic. The HITEC 100 will be virtually celebrated on December 9, 2021. Sun Life, with total assets under management of C$1.36 trillion as of June 30, 2021, aims to enhance diversity in the technology sector through various recruitment and development initiatives.
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