Sun Life Financial Cash Flow Statement

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
Net Income	4,181	4,798	4,339	3,930	3,626	5,097
Other Adjustments	2,565	-402	527	-4,249	26,861	1,825
Changes in Reinsurance Contract Assets	128	25	-136	10	593	86
Changes in Claims Reserves	928	3,542	2,526	7,100	-24,889	2,415
Changes in Income Taxes Payable	-1,003	-978	-1,138	-1,240	-795	-1,028
Changes in Other Operating Activities	-1,443	-4,186	-3,586	61	-1,085	-10,252
Operating Cash Flow	5,356	2,799	2,532	5,612	4,311	-1,857
Operating Cash Flow Growth	15.51%	10.54%	-54.88%	30.18%	-	-
Payments for Business Acquisitions	25	25	-	-439	-2,633	-412
Proceeds from Business Divestments	-	-	-	297	-	-
Other Investing Activities	-355	-345	-337	-417	-230	-391
Investing Cash Flow	-330	-320	-337	-559	-2,863	-803
Short-Term Debt Issued	216	-308	-340	141	1,786	108
Net Short-Term Debt Issued (Repaid)	216	-308	-340	141	1,786	108
Long-Term Debt Issued	1,991	1,991	746	497	646	1,992
Long-Term Debt Repaid	-	-	-750	-1,000	-400	-650
Net Long-Term Debt Issued (Repaid)	1,991	1,991	-4	-503	246	1,342
Issuance of Common Stock	47	37	43	49	6	36
Repurchase of Common Stock	-1,187	-1,707	-855	-186	-	-
Net Common Stock Issued (Repurchased)	-1,140	-1,670	-812	-137	6	36
Repurchase of Preferred Stock	-	-	-	-	-	-1,025
Net Preferred Stock Issued (Repurchased)	-	-	-	-	-	-1,025
Other Financing Activities	-5,073	-2,649	-2,726	-2,587	-2,109	-721
Financing Cash Flow	-4,006	-2,636	-3,882	-3,086	-71	-260
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-179	-198	471	-169	302	-35
Net Cash Flow	841	-355	-1,216	1,798	1,679	-2,955
Free Cash Flow	5,356	2,799	2,532	5,612	4,311	-1,857
Free Cash Flow Growth	91.35%	10.54%	-54.88%	30.18%	-	-
FCF Margin	15.41%	8.05%	7.62%	18.25%	15.61%	-5.20%
Free Cash Flow Per Share	9.52	4.95	4.35	9.53	7.32	-3.15
Levered Free Cash Flow	2,898	16	-2,155	1,555	3,616	-5,810
Unlevered Free Cash Flow	1,425	-942.38	-1,056	2,787	2,171	17,406

Updated May 6, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.