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. (SLF) delivers insurance, wealth management, and health solutions across global markets. This news hub provides investors and stakeholders with essential updates about corporate developments, financial performance, and strategic initiatives.
Access timely announcements including quarterly earnings reports, leadership changes, product innovations, and regulatory filings. Our curated collection ensures you stay informed about SLF's position in financial services markets without promotional bias.
Discover updates spanning key business areas: insurance product launches, asset management partnerships, and health benefit expansions. Each release is presented with contextual clarity to support informed analysis of the company's trajectory.
Bookmark this page for streamlined access to Sun Life Financial's official communications. Combine these updates with market analysis tools to track SLF's evolving role in global financial security solutions.
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Sun Life Financial announced the results of its preferred shares conversion between Series 8R and Series 9QR shares. On June 30, 2025, 1,400 Series 8R shares will convert to Series 9QR shares, while 2,664,916 Series 9QR shares will convert to Series 8R shares. After the conversion, Sun Life will have 8,880,847 Series 8R Shares and 2,319,153 Series 9QR Shares outstanding. Both share series will be listed on TSX under symbols SLF.PR.G and SLF.PR.J respectively. Subject to regulatory approval, Sun Life may redeem Series 8R shares at $25.00 per share and Series 9QR shares at either $25.00 or $25.50 per share, depending on the redemption date, plus any declared and unpaid dividends.
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Sun Life Financial (TSX/NYSE: SLF) has appointed Brennan Kennedy as its new Senior Vice-President and Chief Actuary, effective October 4, 2025. Kennedy, currently SVP of Global Asset Liability Management, brings 26 years of experience at Sun Life and will lead the company's actuarial functions. He succeeds Kevin Morrissey, who will retire after 37 years with the company. Kennedy holds a Bachelor of Mathematics from the University of Waterloo and is a Fellow of the Canadian Institute of Actuaries and Society of Actuaries. He will focus on talent development, technology solutions, and innovations while ensuring compliance with regulatory requirements. The transition period will see Morrissey supporting Kennedy's onboarding until his retirement on October 3, 2025.
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Sun Life U.S. (SLF) has launched Expert Cancer Review, a new service embedded in their stop-loss insurance plans starting July 1, 2025. The service provides cancer patients access to independent oncology specialist second opinions. This initiative addresses a critical healthcare need, as cancer represents the highest-cost claims, accounting for over 40% of total claims spend, particularly among adults aged 40-59. Data from 2023-2024 shows that 39% of members seeking second opinions experienced changes in their diagnostic strategy, diagnosis, or treatment plan. The service leverages Health Navigator's expertise, offering dedicated care advisors who coordinate with independent oncologists to provide comprehensive reviews in plain language to both members and treating physicians. This service will be available to self-funded employee health plans, which cover 63% of U.S. workers according to KFF.
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Sun Life (SLF) has partnered with Wellthy to enhance its life insurance offering by providing members with comprehensive end-of-life planning and bereavement support services. Starting January 1, 2026, Sun Life's basic and voluntary group life insurance members will have access to Wellthy's personalized care concierge platform, which includes dedicated care coordinators and a digital portal. The service offers support across four key areas: future planning (will preparation, legal resources), care navigation (hospice, medical appointments), loss management (funeral planning, insurance claims), and grief support (bereavement resources, meal coordination). According to a Wellthy user survey, 30% of users reported that the support prevented them from taking leave or leaving their job, highlighting the service's potential impact on employee retention and productivity.
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Sun Life U.S. has endorsed the Workers' Disability Benefits Parity Act, introduced by Congressmen Mark DeSaulnier and Robert Scott, which aims to enhance long-term disability insurance coverage for mental health conditions. The legislation would require mental health conditions to be covered similarly to physical conditions in long-term disability insurance, removing the typical 24-month cap on mental health benefits. Dan Fishbein, president of Sun Life U.S., emphasized that mental health conditions can be as disabling as physical ones and supports establishing a uniform federal standard for equal coverage. The company believes this legislative solution will ensure better coverage for workers while maintaining a sustainable disability insurance market, ultimately helping more people access necessary mental healthcare and support for returning to work.
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Sun Life Financial (TSX: SLF) (NYSE: SLF) has received approval for early renewal of its normal course issuer bid (NCIB) from Canadian regulators. Under the 2025 NCIB, Sun Life can purchase up to 10,570,915 common shares between June 9, 2025, and May 21, 2026. This includes the remaining 570,915 shares from the 2024 NCIB plus an additional 10 million shares. The company has already purchased 14,429,085 shares at an average price of $81.49 under the 2024 NCIB. The total approved purchase amount is 25 million shares, representing 4.4% of outstanding shares. Daily purchases will be limited to 542,709 shares on TSX and 25% of average daily trading volume on NYSE. The buyback program includes an automatic repurchase plan through a designated broker.
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Sun Life's 13th annual high-cost claims report reveals significant increases in healthcare expenses, with million-dollar stop-loss claims rising 29% this year and 61% over four years. Cancer remains the top cost driver, generating $1.2 billion in spending across 5,000 claims in 2024. Orthopedic/musculoskeletal conditions have surprisingly entered the top three categories, with $1.18 billion in total spend. The report analyzes over 65,000 health claims from 3,000 employers between 2021-2024. Notable findings include a 70% increase in congenital anomaly claim costs since 2021, with the highest claim reaching $12 million. In drug categories, uncategorized drugs, including gene therapies, have emerged as a significant cost driver, with two members receiving treatments totaling $6.8 million. Keytruda leads as the costliest cancer treatment at $84.4 million in spend.
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Sun Life U.S. has appointed Dr. Todd Gray as Chief Dental Officer (CDO) for its Dental business, including DentaQuest. With over 20 years of dental leadership experience, Dr. Gray will lead clinical strategy, implement evidence-based improvements, oversee quality, and strengthen provider collaboration. His role focuses on enhancing person-centered care and prevention across Sun Life's dental operations, which serve approximately 35 million Americans. Dr. Gray's extensive background includes positions at Teledentistry.com, Liberty Dental Plan, and the State of Nevada. Sun Life U.S. Dental, incorporating DentaQuest, manages the largest Medicaid and CHIP dental benefits program in the U.S. and operates 75 dental practices in underserved communities.
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Sun Life Financial announced dividend rates for its Class A Non-Cumulative Rate Reset Preferred Shares Series 8R and Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR. For Series 8R Shares, the dividend rate will be 4.230% per annum ($0.264375 per share quarterly) for the period from June 30, 2025 to June 30, 2030. For Series 9QR Shares, the floating rate dividend will be 4.054% per annum ($0.255458 per share) for the period from June 30, 2025 to September 30, 2025. Shareholders wishing to convert their shares must communicate with their broker by 5:00 p.m. ET on June 16, 2025.
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Sun Life Financial (TSX: SLF) (NYSE: SLF) has announced it will not redeem its Class A Non-Cumulative Rate Reset Preferred Shares Series 8R and Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR on June 30, 2025. Instead, shareholders of both series will have the option to convert their shares on a one-for-one basis between the two series. The conversion right is subject to minimum holding conditions of one million shares for each series. If holdings fall below this threshold, automatic conversion will occur. New dividend rates for both series will be announced on May 30, 2025. Shareholders must exercise their conversion rights by 5:00 p.m. (ET) on June 16, 2025.
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FAQ
What is the current stock price of Sun Life Finl (SLF)?
The current stock price of Sun Life Finl (SLF) is $65.93 as of June 28, 2025.
What is the market cap of Sun Life Finl (SLF)?
The market cap of Sun Life Finl (SLF) is approximately 35.6B.
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