SUN LIFE FINANCIAL INC's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters.
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Insurance revenue | $24.0B | $22.6B | $21.4B | — |
| Insurance service expenses | ($20.4B) | ($19.6B) | ($18.4B) | — |
| Reinsurance contract held net income (expenses) | ($94.0M) | $85.0M | ($69.0M) | — |
| Net insurance service result | $3.5B | $3.1B | $2.8B | — |
| Net investment income (loss) | $8.9B | $7.4B | $11.6B | ($11.6B) |
| Insurance finance income (expenses) from insurance contracts issued | ($6.8B) | ($5.1B) | ($9.7B) | — |
| Insurance finance income (expenses) from reinsurance contracts held | $69.0M | $51.0M | $59.0M | — |
| Decrease (increase) in investment contract liabilities | ($323.0M) | ($393.0M) | ($331.0M) | — |
| Net investment result excluding result for account of segregated fund holders | $1.8B | $1.9B | $1.6B | — |
| Investment income (loss) on investments for account of segregated fund holders | $1.9B | $2.3B | $1.8B | — |
| Insurance finance income (expenses) | ($1.9B) | ($2.3B) | ($1.8B) | — |
| Net investment result for insurance contracts for account of segregated fund holders | $0 | $0 | $0 | — |
| Net investment result | $1.8B | $1.9B | $1.6B | — |
| Fee income | $9.1B | $8.6B | $7.8B | $8.0B |
| Other income | $0 | ($163.0M) | ($169.0M) | — |
| Operating expenses and commissions | $9.0B | $8.8B | $8.0B | $12.4B |
| Interest expenses | $526.0M | $664.0M | $552.0M | $445.0M |
| Total other expenses (income) | $9.6B | $9.3B | $8.4B | — |
| Income (loss) before income taxes | $4.8B | $4.3B | $3.9B | $3.9B |
| Less: Income tax expense (benefit) | $1.0B | $1.0B | $461.0M | $621.0M |
| Total net income (loss) | $3.8B | $3.3B | $3.5B | $3.3B |
| Less: Net income (loss) allocated to the participating account | $194.0M | $42.0M | $178.0M | $116.0M |
| Net income (loss) attributable to non-controlling interests | $37.0M | $128.0M | $126.0M | $56.0M |
| Shareholders' net income (loss) | $3.6B | $3.1B | $3.2B | $3.1B |
| Less: Dividends on preferred shares and distributions on other equity instruments | 79.0M | 80.0M | 79.0M | 70.0M |
| Common shareholders' net income (loss) | $3.5B | $3.0B | $3.1B | $3.1B |
| Average exchange rates during the reporting periods (in USD per share) | $1.40 | $1.37 | $1.35 | $1.30 |
| Basic (in CAD per share) | $6.17 | $5.27 | $5.27 | $5.22 |
| Diluted (in CAD per share) | $6.15 | $5.26 | $5.26 | $5.21 |
| Dividends per common share (in CAD per share) | $3.52 | $3.24 | $3.00 | $2.76 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash, cash equivalents and short-term securities | $14.8B | $13.9B | $13.2B | $11.2B |
| Debt securities | $85.6B | $82.0B | $75.5B | $75.9B |
| Equity securities | $12.3B | $10.0B | $7.1B | $7.1B |
| Mortgages and loans | $59.4B | $57.6B | $54.6B | $56.3B |
| Derivative assets | $1.5B | $2.0B | $2.2B | $2.1B |
| Other financial invested assets | $14.4B | $13.3B | $10.4B | $11.2B |
| Financial invested assets | $188.1B | $178.7B | $162.9B | — |
| Investment properties | $9.4B | $9.3B | $9.7B | $10.1B |
| Other non-financial invested assets | $1.7B | $1.8B | $1.7B | — |
| Invested assets | $199.2B | $189.8B | $174.3B | $177.3B |
| Other assets | $7.8B | $7.0B | $6.5B | $7.8B |
| Reinsurance contract held assets | $6.1B | $6.3B | $5.8B | — |
| Insurance contract assets | $335.0M | $355.0M | $184.0M | — |
| Deferred tax assets | $3.8B | $3.9B | $3.9B | $2.3B |
| Intangible assets | $5.2B | $5.1B | $5.2B | $4.7B |
| Goodwill | $9.5B | $9.5B | $9.0B | $8.7B |
| Total general fund assets | $231.9B | $221.9B | $204.8B | $205.6B |
| Investments for account of segregated fund holders | $166.6B | $148.8B | $128.5B | $125.3B |
| Total assets | $398.5B | $370.7B | $333.2B | $330.9B |
| Insurance contract liabilities excluding those for account of segregated fund holders | $155.9B | $147.3B | $135.7B | — |
| Reinsurance contract held liabilities | $2.0B | $1.8B | $1.6B | — |
| Investment contract liabilities | $11.8B | $11.7B | $11.7B | $3.3B |
| Derivative liabilities | $2.1B | $2.1B | $1.3B | $2.4B |
| Deferred tax liabilities | $301.0M | $286.0M | $281.0M | $630.0M |
| Other liabilities | $25.9B | $26.3B | $23.7B | $22.6B |
| Senior debentures | $200.0M | $200.0M | $200.0M | $200.0M |
| Subordinated debt | $8.2B | $6.2B | $6.2B | $6.7B |
| Total general fund liabilities | $206.4B | $195.8B | $180.6B | $176.2B |
| Insurance contract liabilities for account of segregated fund holders | $20.1B | $20.1B | $19.0B | $125.3B |
| Investment contract liabilities for account of segregated fund holders | $146.5B | $128.7B | $109.4B | — |
| Total liabilities | $373.0B | $344.6B | $309.0B | $301.5B |
| Issued share capital and contributed surplus | $10.2B | $10.5B | $10.7B | $10.6B |
| Shareholders’ retained earnings and accumulated other comprehensive income | $14.3B | $15.0B | $12.9B | $16.8B |
| Total shareholders’ equity | $24.5B | $25.6B | $23.6B | $27.4B |
| Equity in the participating account | $696.0M | $496.0M | $457.0M | $1.8B |
| Non-controlling interests’ equity | $264.0M | $76.0M | $161.0M | $90.0M |
| Total equity | $25.5B | $26.1B | $24.2B | $29.4B |
| Total liabilities and equity | $398.5B | $370.7B | $333.2B | $330.9B |
| Exchange rates at the end of the reporting periods (in USD per share) | $1.37 | $1.44 | $1.32 | $1.35 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Income (loss) before income taxes | $4.8B | $4.3B | $3.9B | $3.9B |
| Interest expense related to financing activities | $363.0M | $398.0M | $408.0M | $279.0M |
| (Decrease) increase in investment contract liabilities | $323.0M | $393.0M | $331.0M | — |
| Changes in insurance contract liabilities and assets | $3.2B | $2.1B | $6.8B | — |
| Changes in reinsurance contract held assets and liabilities | $25.0M | ($136.0M) | $10.0M | — |
| Realized and unrealized (gains) losses and foreign currency changes on invested assets | ($765.0M) | $129.0M | ($4.7B) | $17.7B |
| Sales, maturities and repayments of invested assets | $60.0B | $52.5B | $43.5B | $53.5B |
| Purchases of invested assets | ($71.2B) | ($61.3B) | ($48.6B) | ($57.2B) |
| Income taxes received (paid) | ($978.0M) | ($1.1B) | ($1.2B) | ($795.0M) |
| Mortgage securitization | ($423.0M) | ($265.0M) | ($39.0M) | $151.0M |
| Other operating activities | $7.5B | $5.4B | $5.2B | ($1.2B) |
| Net cash provided by (used in) operating activities | $2.8B | $2.5B | $5.6B | $4.3B |
| Net (purchase) sale of property and equipment | ($145.0M) | ($143.0M) | ($172.0M) | $71.0M |
| Investment in and transactions with joint ventures and associates | ($44.0M) | ($17.0M) | ($75.0M) | ($69.0M) |
| Dividends and other proceeds related to joint ventures and associates | $55.0M | $160.0M | $32.0M | $27.0M |
| Acquisitions, net of cash and cash equivalents acquired | $25.0M | $0 | ($439.0M) | ($2.6B) |
| Other investing activities | ($211.0M) | ($337.0M) | ($202.0M) | ($259.0M) |
| Net cash provided by (used in) investing activities | ($320.0M) | ($337.0M) | ($559.0M) | ($2.9B) |
| Increase in (repayment of) borrowed funds | $28.0M | $23.0M | ($72.0M) | ($34.0M) |
| Issuance of subordinated debt, net of issuance costs | $2.0B | $746.0M | $497.0M | $646.0M |
| Increase in (repayment of) borrowings from credit facility | ($308.0M) | ($340.0M) | $141.0M | $1.8B |
| Redemption of senior debentures and subordinated debt | $0 | ($750.0M) | ($1.0B) | ($400.0M) |
| Issuance of common shares on exercise of stock options | 37.0M | 43.0M | 49.0M | 6.0M |
| Transactions with non-controlling interests | ($78.0M) | ($223.0M) | ($52.0M) | ($25.0M) |
| Common shares purchased for cancellation | -1.7B | -855.0M | -186.0M | — |
| Dividends paid on common and preferred shares | -2.1B | -2.0B | -1.9B | -1.7B |
| Payment of lease liabilities | ($180.0M) | ($175.0M) | ($176.0M) | ($136.0M) |
| Interest expense paid | ($355.0M) | ($389.0M) | ($405.0M) | ($270.0M) |
| Net cash provided by (used in) financing activities | ($2.6B) | ($3.9B) | ($3.1B) | ($71.0M) |
| Changes due to fluctuations in exchange rates | ($198.0M) | $471.0M | ($169.0M) | $302.0M |
| Increase (decrease) in cash and cash equivalents | ($355.0M) | ($1.2B) | $1.8B | $1.7B |
| Net cash and cash equivalents, beginning of year | $10.0B | $11.2B | $9.4B | $7.7B |
| Net cash and cash equivalents, end of year | $9.6B | $10.0B | $11.2B | $9.4B |
| Short-term securities, end of year | $5.2B | $3.7B | $2.0B | $1.8B |
| Net cash, cash equivalents and short-term securities, end of year | $14.8B | $13.7B | $13.2B | $11.2B |
SUN LIFE FINANCIAL INC score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.