Sun Life Financial Inc. (SLF)

Sun Life Financial Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Premiums & Annuity Revenue	23,982	22,637	21,356	18,902	23,053
Total Interest & Dividend Income	2,161	2,278	1,993	1,570	6,272
Gain (Loss) on Sale of Investments	-	-	-	-	-1,639
Other Revenue	8,736	8,188	7,501	7,295	8,002
Total Revenue	34,879	33,103	30,850	27,767	35,688
Revenue Growth (YoY)	5.37%	7.30%	11.10%	-22.20%	-17.65%
Policy Benefits	19,007	17,989	17,321	13,690	21,207
Policy Acquisition & Underwriting Costs	1,695	1,599	1,376	1,163	-
Selling, General & Administrative	8,939	8,565	7,990	8,743	11,808
Reinsurance Income or Expense	-	-	-	-	2,425
Total Operating Expenses	29,641	28,153	26,687	23,596	30,590
Operating Income	5,238	4,950	4,163	4,171	5,098
Interest Expense	-526	-664	-552	-445	-327
Currency Exchange Gain (Loss)	-20	49	-23	5	-
Other Non Operating Income (Expenses)	-	-	67	-	-
EBT Excluding Unusual Items	4,692	4,335	3,655	3,731	4,771
Impairment of Goodwill	-	-	-	-170	-
Gain (Loss) on Sale of Assets	-	-	102	-	-
Asset Writedown	-88	-201	-5	-18	-9
Other Unusual Items	-	163	-	-	-
Pretax Income	4,604	4,297	3,752	3,543	4,762
Income Tax Expense	1,016	1,040	461	546	727
Earnings From Continuing Ops.	3,588	3,257	3,291	2,997	4,035
Minority Interest in Earnings	-37	-128	-126	-56	-
Net Income	3,551	3,129	3,165	2,941	4,035
Preferred Dividends & Other Adjustments	79	80	79	70	101
Net Income to Common	3,472	3,049	3,086	2,871	3,934
Net Income Growth	13.49%	-1.14%	7.62%	-27.11%	61.53%
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	6.71
EPS (Diluted)	6.15	5.26	5.26	4.89	6.68
EPS Growth	17.05%	-0.01%	7.46%	-26.83%	63.10%
Free Cash Flow	2,654	2,389	5,440	4,311	-1,938
Free Cash Flow Per Share	4.69	4.11	9.24	7.32	-3.29
Dividend 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	15.02%	14.95%	13.49%	15.02%	14.29%
Profit Margin	9.95%	9.21%	10.00%	10.34%	11.02%
Free Cash Flow Margin	7.61%	7.22%	17.63%	15.53%	-5.43%
EBITDA	5,751	5,471	4,643	4,586	5,457
EBITDA Margin	16.49%	16.53%	15.05%	16.52%	15.29%
D&A For EBITDA	513	521	480	415	359
EBIT	5,238	4,950	4,163	4,171	5,098
EBIT Margin	15.02%	14.95%	13.49%	15.02%	14.29%
Effective Tax Rate	22.07%	24.20%	12.29%	15.41%	15.27%
Revenue as Reported	-	-	-	-	35,688

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q