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. 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. has appointed Yaniv Bitton as Vice-President, Head of Investor Relations & Capital Markets, effective May 3, 2021. Yaniv will manage communications with equity and fixed-income analysts and investors, and will lead the capital markets function, which includes the capital funding program and relationships with rating agencies. He reports to Leigh Chalmers, who oversees Corporate Finance functions. As of December 31, 2020, Sun Life had total assets under management of $1,247 billion. The company trades under the ticker symbol SLF.
Sun Life Financial Inc. (TSX: SLF) has announced an agreement to acquire Pinnacle Care International, Inc. for US$85 million (approximately C$108 million/b). The acquisition aims to enhance Sun Life's U.S. Stop-Loss & Health business, providing comprehensive care navigation services for complex health conditions. PinnacleCare has over of experience and serves more than 2 million people. This strategic move is expected to improve health outcomes and reduce costs associated with serious illnesses, while closing is anticipated in mid-2021, pending regulatory approval.
Sun Life Financial Inc. (TSX: SLF) will release its Q1 2021 financial results on May 5, 2021, after market close. A conference call and webcast will follow on May 6 at 10:00 a.m. ET. Investors can access the live call via telephone or through the company's website.
Sun Life operates globally with total assets under management reaching $1,247 billion as of December 31, 2020. Detailed information regarding the earnings call will be available on their platform post-event.
Sun Life Financial (TSX: SLF) has filed a draft red herring prospectus for the initial public offering (IPO) of its India joint venture, Aditya Birla Sun Life AMC Limited (ABSLAMC). This IPO aims to sell up to 36,029,120 shares, equating to approximately 12.5% of ABSLAMC's paid-up capital, contributing to a public float of 13.5%. ABSLAMC is India's fourth largest asset management company by assets under management, with Sun Life holding a 49% indirect stake. The IPO is contingent upon market conditions and regulatory approvals.
Sun Life U.S. has partnered with Bentley University as the inaugural corporate sponsor for the FirstGen Presidential Fellows program, aimed at aiding first-generation college students. A $100,000 scholarship fund will support two fellows for their four years. The program includes mentoring and leadership experiences, fostering diversity and inclusion.
Sun Life aims to enhance its workforce with diverse candidates while Bentley focuses on increasing student diversity. Students will be notified of their scholarships by Spring 2021.
On March 31, 2021, Sun Life and the Boston Celtics concluded their Fit to Win program, a four-week virtual health initiative aimed at children from YMCA locations in Greater Boston, Hartford, and Southern Maine. The program saw kids from grades 3 to 6 participate in fitness routines and mindfulness practices while learning about nutrition. Nearly 450 Sun Life employees also engaged in the initiative. New this year were virtual nutrition workshops, funded by the Celtics and Sun Life, which provided grocery gift cards and healthy cooking lessons.
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Sun Life Financial Inc. (TSX: SLF) has announced that its Annual Meeting of shareholders and the Annual Meeting of voting policyholders will be held virtually on May 5, 2021, at 5 p.m. (Toronto time). This decision is made to prioritize health during the COVID-19 pandemic. Shareholders will have the opportunity to participate online, submit questions, and vote on key matters. Additionally, nominations for Directors Deepak Chopra and David H. Y. Ho have been announced for election. The Company’s 2020 Annual Report and related meeting documents are now available online.
Sun Life Financial Inc. (TSX: SLF) hosted SLC Management Investor Day, outlining its strategy for growth and future objectives. By 2025, SLC Management aims to achieve $225 billion in assets under management, $225 million in underlying net income, and an operating margin of 30-35%. SLC Management currently manages $145 billion in assets and aims to further leverage its capabilities while maintaining a focus on sustainability, having acquired six firms since 2014. The company emphasizes aligning strategies with its institutional clients for mutual growth and diversification.
Kevin Strain, President and CFO of Sun Life, will speak at the National Bank Financial Markets 19th Annual Financial Services Conference on March 25, 2021. During a virtual fireside chat with Gabriel Dechaine, Strain will discuss Sun Life's recent performance and insights from COVID-19, as well as the company's future growth strategy. The event starts at 10:55 a.m. ET, and a live webcast will be available on Sun Life's website. Archived access will follow.