Sun Life Financial Inc. (SLF)

Sun Life Financial Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	13,502	13,849	14,313	16,545	12,729	11,255
Investments in Equity & Preferred Securities	1,798	1,903	1,725	1,652	1,575	262
Policy Loans	-	-	-	-	3,261	3,265
Other Investments	10,463	17,050	12,364	11,259	8,776	5,312
Total Investments	141,256	134,928	120,938	121,188	139,848	131,989
Cash & Equivalents	8,753	10,129	11,170	9,378	7,826	10,654
Reinsurance Recoverable	6,301	6,318	5,794	6,115	3,683	3,843
Other Receivables	46,022	47,449	44,177	40,534	39,580	37,457
Deferred Policy Acquisition Cost	-	157	152	158	172	150
Separate Account Assets	164,895	148,786	128,452	125,292	139,996	125,921
Property, Plant & Equipment	-	1,401	1,451	1,360	1,307	1,394
Goodwill	9,620	9,456	8,969	8,705	6,517	6,072
Other Intangible Assets	5,281	5,058	5,174	4,724	3,370	2,477
Other Current Assets	1,588	2,916	2,901	2,480	1,047	1,076
Long-Term Deferred Tax Assets	4,005	3,910	3,878	3,466	1,848	1,634
Other Long-Term Assets	7,208	213	185	208	176	344
Total Assets	394,929	370,721	333,241	323,608	345,370	323,011
Accounts Payable	-	2,559	2,493	2,354	1,866	2,438
Accrued Expenses	-	4,904	4,433	4,002	4,265	3,723
Insurance & Annuity Liabilities	154,088	147,269	135,669	131,294	147,811	145,773
Reinsurance Payable	2,119	1,825	1,623	1,603	-	-
Current Portion of Long-Term Debt	-	2,126	2,330	2,339	441	638
Current Portion of Leases	-	166	188	168	151	157
Short-Term Debt	-	3,015	2,705	2,731	2,457	2,214
Long-Term Debt	13,285	14,683	12,967	13,464	11,207	7,634
Long-Term Leases	-	780	801	784	699	707
Long-Term Deferred Tax Liabilities	300	286	281	468	322	383
Separate Account Liability	164,895	148,786	128,452	125,292	139,996	125,921
Other Long-Term Liabilities	34,253	17,842	16,744	15,954	7,554	6,936
Total Liabilities	368,940	344,592	309,041	300,721	317,297	297,149
Preferred Stock, Redeemable	2,239	2,239	2,239	2,239	2,239	2,257
Common Stock	7,973	8,192	8,327	8,311	8,305	8,262
Additional Paid-In Capital	83	95	94	90	71	72
Retained Earnings	12,999	12,604	12,157	11,729	14,713	12,289
Comprehensive Income & Other	2,406	2,923	1,222	428	2,686	2,957
Total Common Equity	23,461	23,814	21,800	20,558	25,775	23,580
Minority Interest	289	76	161	90	59	25
Shareholders' Equity	25,989	26,129	24,200	22,887	28,073	25,862
Total Liabilities & Equity	394,929	370,721	333,241	323,608	345,370	323,011
Filing Date Shares Outstanding	557.42	572.86	584.63	586.4	586	585.13
Total Common Shares Outstanding	558.4	573.9	584.6	586.4	586	585.1
Total Debt	13,285	20,770	18,991	19,486	14,955	11,350
Net Cash (Debt)	-4,532	-10,641	-7,821	-10,108	-7,129	-696
Net Cash Per Share	-7.94	-18.28	-13.28	-17.16	-12.08	-1.18
Book Value Per Share	42.01	41.50	37.29	35.06	43.98	40.30
Tangible Book Value	8,560	9,300	7,657	7,129	15,888	15,031
Tangible Book Value Per Share	15.33	16.20	13.10	12.16	27.11	25.69

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q