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 Financial Inc. (TSX: SLF) has completed its acquisition of an 80% stake in InfraRed Capital Partners, a UK-based global infrastructure and real estate manager, as of July 1, 2020. InfraRed manages approximately US$12 billion (C$17 billion) in assets. This acquisition is set to enhance Sun Life's SLC Management's investment offerings, particularly in infrastructure equity and sustainable investments. The deal positions Sun Life to tap into opportunities in renewable energy infrastructure in North America, with a potential to acquire remaining interests by 2025.
Cancer remains the leading cause of high medical costs, according to Sun Life's 2020 report, highlighting trends in high-cost claims and injectable drugs. The average cost for cancer drugs exceeded $76,000 per person in 2019. The report indicates a significant rise in million-dollar claims, particularly those exceeding $3 million, which increased from 7 to 14 between 2016 and 2019. 86% of self-funded employers are expected to experience stop-loss claims. A webinar on June 30 will further analyze these trends.
Sun Life Financial Inc. (TSX: SLF) announced a conversion of its preferred shares, with 116,341 Class A Non-cumulative Rate Reset Preferred Shares Series 8R shifting to Class A Non-cumulative Floating Rate Preferred Shares Series 9QR, effective June 30, 2020. Conversely, 1,140,986 Series 9QR Shares will convert to Series 8R. Post-conversion, the company will have 6,217,331 Series 8R and 4,982,669 Series 9QR Shares outstanding. Both series will be listed on the Toronto Stock Exchange under the symbols SLF.PR.G and SLF.PR.J. Redemption options are available starting June 30, 2025.