Sun Life Financial Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Premiums Earned	23,982	22,637	21,356	18,902	23,053
Investment Income	2,141	2,327	1,970	1,575	6,272
Net Gains on Investments	-323	-393	-331	-152	-1,639
Total Other Revenues	8,965	8,666	7,763	7,294	8,002
Revenue	34,765	33,237	30,758	27,619	35,688
Revenue Growth (YoY)	4.60%	8.06%	11.37%	-22.61%	-17.65%
Insurance Benefits & Claims	20,414	19,631	18,450	16,456	16,297
Other Operating Expenses	9,027	8,603	7,826	7,092	-13,967
Operating Income	5,324	5,003	4,482	4,071	33,358
Interest Expense	-526	-664	-552	-445	-327
Total Non-Operating Income (Expense)	-526	-664	-552	-445	-327
Pretax Income	4,798	4,339	3,930	3,626	5,097
Provision for Income Taxes	1,016	1,040	461	546	727
Net Income	3,472	3,049	3,086	2,871	3,934
Minority Interest in Earnings	231	170	304	139	335
Net Income Attributable to Preferred Dividends	79	80	79	70	101
Net Income to Common	3,472	3,049	3,086	2,871	3,934
Net Income Growth	13.87%	-1.20%	7.49%	-27.02%	63.64%
Shares Outstanding (Basic)	563	579	586	586	586
Shares Outstanding (Diluted)	566	582	589	589	590
Shares Change (YoY)	-2.75%	-1.19%	-	-0.17%	0.17%
EPS (Basic)	6.17	5.27	5.27	4.90	6.72
EPS (Diluted)	6.15	5.26	5.26	4.89	6.69
EPS Growth	16.92%	-	7.57%	-26.91%	63.17%
Free Cash Flow	2,799	2,532	5,612	4,311	-1,857
Free Cash Flow Growth	10.54%	-54.88%	30.18%	-	-
Free Cash Flow Per Share	4.95	4.35	9.53	7.32	-3.15
Dividends Per Share	3.520	3.240	3.000	2.760	2.310
Dividend Growth	8.64%	8.00%	8.70%	19.48%	5.00%
Operating Margin	15.31%	15.05%	14.57%	14.74%	93.47%
Profit Margin	10.88%	9.93%	11.28%	11.15%	12.25%
FCF Margin	8.05%	7.62%	18.25%	15.61%	-5.20%
EBITDA	5,324	5,003	4,482	4,071	33,358
EBIT	5,324	5,003	4,482	4,071	33,358
EBIT Margin	15.31%	15.05%	14.57%	14.74%	93.47%
Effective Tax Rate	21.18%	23.97%	11.73%	15.06%	14.26%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.