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. (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.
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Sun Life Financial Inc. (TSX: SLF) will host an Investor Day for SLC Management on March 18, 2021, at 9:00 a.m. ET. The event aims to update stakeholders on the firm’s strategic direction through presentations by SLC Management executives. Interested parties can access the live webcast here ten minutes before the event. As of December 31, 2020, SLC Management had C$303 billion (US$238 billion) in assets under management, contributing to Sun Life's total assets of C$1,247 billion.
Sun Life has appointed Manjit Singh as Executive Vice-President and Chief Financial Officer, effective March 29, 2021. With over 25 years of experience in finance and strategy, Singh previously held a senior position at a major Canadian bank. In his new role, he will oversee various finance operations, including tax and capital management, while also implementing the new IFRS 17 accounting standard. Kevin Strain, the incoming CEO, expressed confidence in Singh’s leadership during this critical period for the organization.
Sun Life Financial Inc. (TSX: SLF) has successfully completed the redemption of its outstanding $350 million principal amount of Series 2016-1 Subordinated Unsecured 3.10% Fixed/Floating Debentures. This move is part of the company's strategy to manage its capital structure efficiently. As of December 31, 2020, Sun Life reported total assets under management of $1,247 billion, highlighting its robust financial position. The company operates in numerous global markets, providing a wide range of financial services.
Sun Life executives will participate in the virtual RBC Capital Markets Global Environmental, Social and Governance Conference on February 24 and 26, 2021. Helena Pagano will speak on Building a Diverse and Inclusive Workforce at 12 p.m. ET on February 24. On February 26 at 11 a.m. ET, Kevin Strain and Melissa Kennedy will discuss sustainability strategies. Live webcasts can be accessed via sunlife.com/RBCESGconference2021, with archives available post-event. Sun Life manages $1,247 billion in assets and trades under the ticker symbol SLF.
Sun Life Financial Inc. (TSX: SLF) declared a dividend of $0.55 per share on common shares, payable on March 31, 2021, to shareholders of record by the close of business on March 1, 2021. This remains consistent with the previous quarter's payout. Additionally, dividends for Class A Non-Cumulative Preferred Shares have also been announced, with varying amounts ranging from $0.093637 to $0.296875 per share, all payable on the same date. These dividends are designated as eligible dividends under the Canadian Income Tax Act.
Sun Life Financial Inc. (SLF) reported a fourth-quarter net income of $744 million, a 3% increase from the previous year, and an underlying net income of $862 million, up 9%. For 2020, total net income was $2.4 billion, with underlying net income reaching $3.2 billion and assets under management growing to $1.25 trillion. Despite a decline in Canadian insurance and wealth sales, U.S. medical stop-loss business and Asia wealth sales showed growth. The company expanded its bancassurance partnerships in Vietnam and completed acquisitions in alternative investments.