Sun Life Finl Stock Price, News & Analysis

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 Financial (TSX: SLF) (NYSE: SLF) reported strong Q1 2025 results with underlying net income of $1,045 million, up 19% from Q1 2024. The company's reported net income reached $928 million, a 13% increase year-over-year. Key highlights include: • Assets under management (AUM) grew 6% to $1,551 billion • Underlying ROE improved to 17.7% (from 16.0%) • Reported ROE increased to 15.7% (from 15.0%) • Common share dividend increased from $0.84 to $0.88 per share • Strong LICAT ratio of 149% Performance across segments showed robust growth: • Asset management & wealth: $487M (+19%) • Group - Health & Protection: $330M (+18%) • Individual - Protection: $325M (+20%) The company maintained strong capital position while advancing its Client Impact Strategy and strategic imperatives, with notable progress in digital tools, capital raising at SLC Management, and Asian market distribution.

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.

Sun Life Financial (TSX: SLF) (NYSE: SLF) has announced it will release its first quarter 2025 financial results on Thursday, May 8, 2025, after markets close. The company will host a live webcast to discuss the quarterly results on Friday, May 9, 2025, at 10:00 a.m. ET. Investors and stakeholders will have access to both the call and presentation materials via webcast, with a replay option available after the event.

Sun Life U.S. has renewed its support of the National Alliance on Mental Illness (NAMI) with a $50,000 donation to its Hearts + Minds (H+M) program. The program focuses on educating people about managing physical and mental wellness, aligning with Sun Life's whole person care approach.

The H+M program has shown significant impact, with 80% of participants in 2024 reporting increased knowledge of healthy behaviors. The initiative helps people understand the connection between mental and physical health, providing tools for immediate health improvement.

Sun Life's commitment extends beyond NAMI, including support for Hartford Behavioral Health through the Strikeout for a Cause campaign. The company also advocates for mental health parity in long-term disability insurance, pushing for federal legislation for broader market adoption.

Sun Life U.S. has achieved the Crystal Award from USA Today as a Top Place to Work for the fifth consecutive year in 2025. The recognition is based on employee surveys through Energage and evaluation of the company's benefits and culture.

The company offers comprehensive employee benefits, including an extensive paid family and medical leave program, sabbatical opportunities, and a flexible hybrid work model across six business hubs. Sun Life promotes employee engagement through initiatives like the 'Sunny Games' and maintains several Inclusion Networks to foster workplace diversity.

The company has garnered multiple workplace recognitions, including awards from Forbes, TIME, and maintains positions on the Bloomberg Gender Equality Index with a 100% score from the Human Rights Campaign's Corporate Equality Index.

Sun Life Financial (TSX: SLF) (NYSE: SLF) has announced its Annual Meeting of shareholders and voting policyholders, scheduled for Thursday, May 8, 2025. The meeting will be held both in-person and via live webcast, allowing attendees to participate and vote remotely.

The company has released its 2024 Annual Report, 2025 Management Information Circular, and 2025 Information for Voting Policyholders' Booklet. Shareholders and voting policyholders are encouraged to vote in advance by Tuesday, May 6, 2025 at 5 p.m. (Toronto time).

Corporate Director M. Marianne Harris will retire from the Board of Directors following the Annual Meeting. The 2024 Annual Report includes management's discussion and analysis, consolidated financial statements, earnings by business group, and features cover artwork by American artist Cheryl R. Riley.

Sun Life U.S. and DentaQuest have announced a three-year, $825,000 partnership extension with TeamSmile to expand access to dental care for underserved children. The collaboration focuses on TeamSmile's free dental clinics and the Dental Home Project, which connects children to local primary dentists for long-term care.

The program has shown significant success, with over 80% of children without a dental home being matched with providers, and nearly 80% attending their first follow-up appointment. Since its founding in 2007, TeamSmile has conducted almost 300 programs nationwide, serving more than 55,000 children and providing over $21 million in free dental care and education.