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Sun Life Financial (SLF) investor relations material

Sun Life Financial 2025 Scotiabank Financials Summit summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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2025 Scotiabank Financials Summit summary4 Sep, 2025

Strategic business mix and ROE targets

  • Focus on low capital, repricable businesses and asset management, with asset management trending toward half of the business mix.

  • Shifted away from U.S. life, variable annuities, and long-term care to support sustainable ROE.

  • Targeting a 20% ROE, considered reasonable given the business mix and scale, especially with growth in Asia and asset management.

  • Purposeful business mix designed for resilience across economic cycles.

U.S. business performance and challenges

  • Dental business faced headwinds due to post-pandemic Medicaid changes, leading to higher claims and revised guidance.

  • Stop loss business benefits from data, scale, and disciplined pricing, supporting profitability despite healthcare inflation.

  • Technology investments enhance client experience and operational efficiency, aiding competitive positioning.

  • U.S. business remains focused on group benefits, avoiding high-capital, long-term guarantee products.

Asset management and growth strategy

  • Asset management is a core pillar, with a strong presence in public equity, fixed income, and alternatives.

  • MFS provides stable margins due to variable cost structure and significant cash flow, funding M&A and buybacks.

  • Alternatives platform has grown to $250B in third-party assets, with ambitions to compete globally.

  • Synergies between wealth and asset management businesses create a growth flywheel, especially in Asia and Canada.

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Frequently asked questions

Sun Life Financial Inc is a Canada-based financial services company offering insurance, wealth management, and retirement solutions. The company operates globally, providing life, health, and disability insurance along with investment products to individuals and institutional clients. It distributes services through advisors, banks, and digital platforms. Sun Life Financial Inc is headquartered in Toronto, Canada, and its shares are listed on the TSX.

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