Sun Life Financial

Sun Life Financial plans to accelerate growth in Asia and asset management and to achieve a mid-term 50/50 split between insurance and asset management. Return on equity was 19.1% and is approaching the target of over 20%; the company is targeting 10% annual earnings growth and a dividend payout ratio of 40–50%. Sun Life is building an alternatives platform with around USD 200 billion AUM, defending its US stop-loss business after a weak quarter, and shifting the US dental business more into the commercial segment. MFS is struggling in a difficult cycle for active management but remains part of the strategy to diversify earnings. » More on de.investing.com

Sun Life reported adjusted EPS of CAD 2.02 for Q2 2026 (consensus CAD 1.93) and an adjusted net profit of CAD 1.12bn. Drivers were strong results in Canada, Asia and the US stop-loss business, plus continued momentum in asset management. Despite the numbers, the stock fell 2.31% to USD 112.92, weighed down by pressure in the US dental business and outflows at MFS. Management confirmed medium-term targets for EPS growth, ROE and capital generation, but sees near-term challenges in the dental and active asset-management businesses. » More on de.investing.com

Sun Life has appointed Katherine Lee to its board of directors with immediate effect. Lee brings more than 20 years of experience in financial services, investment and real estate, including senior roles at GE Capital in North America and Asia as well as CEO positions at GE Capital Canada and GE Capital Real Estate Canada. She has also served on several other boards and is a Chartered Professional Accountant. Sun Life managed total assets of $1.58 trillion as of March 31, 2026. » More on de.investing.com