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 (TSX: SLF) (NYSE: SLF) announced the successful election of 12 directors at its annual meeting of common shareholders. All nominees listed in the March 14, 2025 management information circular were elected with strong shareholder support. Kevin D. Strain received the highest approval rate at 99.8%, while Helen M. Mallovy Hicks received the lowest but still strong approval at 97.3%. The voting results demonstrate overwhelming shareholder confidence in the proposed board members, with all directors receiving over 97% approval.
Sun Life Financial (TSX: SLF) (NYSE: SLF) has announced plans to renew its normal course issuer bid (NCIB), pending approval from OSFI and TSX. Under the current 2024 NCIB, the company has repurchased 13,018,997 of the authorized 15,000,000 common shares at an average price of $80.79 per share. Once the 2024 NCIB is completed, Sun Life plans to establish a new 2025 NCIB to purchase up to an additional 10,000,000 common shares. The company will seek TSX approval to purchase a total of 25,000,000 shares under the 2025 NCIB, representing approximately 4.1% of outstanding shares as of May 5, 2025. The purchases will be made through various trading platforms in Canada and the US at prevailing market rates.
Sun Life Financial (TSX: SLF) (NYSE: SLF) has announced an increase in its quarterly dividend payment. The company declared a dividend of $0.88 per common share, representing a 4 cent increase from the previous quarter. The dividend will be payable on June 30, 2025, to shareholders of record as of May 28, 2025.
Additionally, Sun Life declared dividends on several series of its Class A Non-Cumulative Preferred Shares, with payments ranging from $0.114063 to $0.312142 per share, also payable on June 30, 2025. Common shares acquired under the company's Canadian Dividend Reinvestment and Share Purchase Plan will be purchased on the open market through various Canadian trading platforms.
Sun Life U.S. has expanded its Family Leave Insurance (FLI) to three new states - Arizona, Wyoming, and Pennsylvania - bringing the total coverage to 14 states. The expansion will be effective May 1, with more states expected throughout 2025.
Key highlights:
- FLI offers fully insured paid family leave coverage in states without mandated programs
- Currently available in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Oklahoma, South Carolina, Tennessee, and Texas
- Aligns with federal paid leave tax credit
- Provides up to 12 weeks of paid leave for family care
The program features online claims submission and leave tracking capabilities for employers. This expansion aims to bridge the gap between unpaid FMLA leave and the need for paid family leave benefits. Joi Tillman, president of Group Benefits at Sun Life U.S., emphasizes that employees shouldn't have to choose between work and family care. The insurance offering helps small and mid-size employers provide competitive benefits without self-funding risks.
Sun Life U.S. has been named a Top Place to Work in Southern Wisconsin by the Milwaukee Journal Sentinel for the second consecutive year. The recognition follows Sun Life's 2022 acquisition of DentaQuest, which has maintained a Milwaukee office for over 30 years. The award, administered by survey provider Energage, is based on employee feedback and evaluation of company benefits and culture.
The company has received multiple workplace recognitions, including awards from USA Today, Boston Globe, Hartford Courant, and Kansas City Business Journal. Sun Life promotes a flexible, hybrid work model and launched Connect4, an employee engagement initiative. The company has also earned recognition on the Bloomberg Gender Equality Index and maintained a perfect score on the Human Rights Campaign Corporate Equality Index for 16 consecutive years.