Sun Life Financial Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Investments in Debt Securities	12,954	13,019	13,849	14,313	16,545	12,729
Investments in Equity & Preferred Securities	1,867	1,764	1,903	1,725	1,652	1,575
Policy Loans	-	-	-	-	-	3,261
Other Investments	10,319	19,530	17,050	12,364	11,259	8,776
Total Investments	144,134	142,335	134,928	120,938	121,188	139,848
Cash & Equivalents	8,794	9,685	10,129	11,170	9,378	7,826
Reinsurance Recoverable	6,247	6,138	6,318	5,794	6,115	3,683
Other Receivables	45,186	51,200	47,449	44,177	40,534	39,580
Deferred Policy Acquisition Cost	-	142	157	152	158	172
Separate Account Assets	166,277	166,566	148,786	128,452	125,292	139,996
Property, Plant & Equipment	-	1,444	1,401	1,451	1,360	1,307
Goodwill	9,605	9,530	9,456	8,969	8,705	6,517
Other Intangible Assets	5,187	5,155	5,058	5,174	4,724	3,370
Other Current Assets	1,459	2,258	2,916	2,901	2,480	1,047
Long-Term Deferred Tax Assets	4,096	3,803	3,910	3,878	3,466	1,848
Other Long-Term Assets	7,327	199	213	185	208	176
Total Assets	398,312	398,455	370,721	333,241	323,608	345,370
Accounts Payable	-	2,140	2,559	2,493	2,354	1,866
Accrued Expenses	-	5,149	4,904	4,433	4,002	4,265
Insurance & Annuity Liabilities	158,183	155,910	147,269	135,669	131,294	147,811
Reinsurance Payable	2,344	2,049	1,825	1,623	1,603	-
Current Portion of Long-Term Debt	-	1,748	2,126	2,330	2,339	441
Current Portion of Leases	-	167	166	188	168	151
Short-Term Debt	84	2,947	3,015	2,705	2,731	2,457
Long-Term Debt	13,958	17,392	14,683	12,967	13,464	11,207
Long-Term Leases	-	757	780	801	784	699
Long-Term Deferred Tax Liabilities	303	301	286	281	468	322
Separate Account Liability	166,277	166,566	148,786	128,452	125,292	139,996
Other Long-Term Liabilities	31,214	17,503	17,842	16,744	15,954	7,554
Total Liabilities	372,363	372,963	344,592	309,041	300,721	317,297
Preferred Stock, Redeemable	2,239	2,239	2,239	2,239	2,239	2,239
Common Stock	7,917	7,900	8,192	8,327	8,311	8,305
Additional Paid-In Capital	535	81	95	94	90	71
Retained Earnings	12,778	12,927	12,817	12,157	11,729	14,713
Comprehensive Income & Other	2,285	2,081	2,710	1,222	428	2,686
Total Common Equity	23,515	22,989	23,814	21,800	20,558	25,775
Minority Interest	195	264	76	161	90	59
Shareholders' Equity	25,949	25,492	26,129	24,200	22,887	28,073
Total Liabilities & Equity	398,312	398,455	370,721	333,241	323,608	345,370
Filing Date Shares Outstanding	554.08	553.87	572.86	584.63	586.4	586
Total Common Shares Outstanding	554	553.8	573.9	584.6	586.4	586
Total Debt	14,042	23,011	20,770	18,991	19,486	14,955
Net Cash (Debt)	-5,248	-13,326	-10,641	-7,821	-10,108	-7,129
Net Cash Per Share	-9.33	-23.54	-18.28	-13.28	-17.16	-12.08
Book Value Per Share	42.45	41.51	41.50	37.29	35.06	43.98
Tangible Book Value	8,723	8,304	9,300	7,657	7,129	15,888
Tangible Book Value Per Share	15.75	14.99	16.20	13.10	12.16	27.11