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Sun Life Financial (SLF) Company Profile

Updated Jun 2, 2020
Sun Life Financial has the following business profile:
Company's Full Name:Sun Life Financial Inc.
Short Name:Sun Life Financial
Trading Ticker Symbol:SLF
Primary Exchange:NYSE
Headquarter City/Country:Canada
Primary Industry Sector:Finance
Seconday Sub-sector:Life Insurance
Main Business Areas: Finance, Life Insurance, Financial Services, Diversified Insurance
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Sun Life Financial stock

Market and Trading Information for Sun Life Financial

The following details were available for trading and market data about the stock of Sun Life Financial as of writing:
Current Share Price:$36.4
Previous Year's Closing Price:$45.57
Percentage Price Change (YTD):-20.12%
Market Cap:$20.99 billion
52-week Price Range:$24.37 - $50.13
Dividend Per Share:$2.15
EPS (TTM):2.64
Price-Earnings (Trailing):13.78
Price-Earnings (Forward):9.22

Company Profile and Business Description for Sun Life Financial

Sun Life Financial Inc. (Sun Life Financial), incorporated on August 5, 1999, is the holding company of Sun Life Assurance Company of Canada (Sun Life Assurance). The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. Sun Life Financial has operations in a range of markets around the world, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. The Company operates through five segments: Sun Life Financial Canada (SLF Canada), SLF U.S., Sun Life Financial Asset Management (SLF Asset Management), SLF Asia and Corporate.

SLF Canada

SLF Canada is a provider of retail insurance and investment advice, providing products and services to people across Canada. SLF Canada is also provider of benefits and pensions in the workplace in Canada. SLF Canada has three main business units: Individual Insurance & Wealth, Group Benefits (GB) and Group Retirement Services (GRS), which offer a range of insurance, wealth and income products and services to employers, group members of company sponsored plans and individuals in their communities across Canada. Individual Insurance & Wealth's focus is to help Canadians achieve lifetime financial security by delivering a range of life and health insurance and investment products, service and advice. It offers a spectrum of choices to each client for their holistic life, health and wealth needs. This includes its individual wealth manufactured products Sun Life Global Investments (Canada) Inc. (SLGI) mutual funds and Sun Life Guaranteed Investment Funds segregated funds. Its products are marketed through a multi-channel distribution model consisting of the Career Sales Force in SLF Canada (CSF) and third-party distribution channels, including independent insurance and mutual fund licensed brokers and broker-dealers. Certain products, including accidental death insurance and personal health insurance, are marketed directly to retail clients in partnership with its advice channels while its CSF also distributes non-SLGI mutual funds and certain third-party insurance products, such as disability insurance.

The Company's GB business unit is a provider of group life and health insurance products in Canada. It provides life, dental, extended healthcare, disability and critical illness benefits programs to employers of all sizes. In addition, its client solutions area leverages its worksite advantage to offer voluntary benefits solutions to individual plan members, including post-employment life and health plans to members exiting their employer-sponsored plan. GRS is the provider of defined contribution plans and defined benefit solutions in Canada. In addition, its client solutions area leverages its worksite advantage to offer voluntary savings plans, including post-employment plans, to those members exiting their employer-sponsored plans. Other services and product offerings include investment-only segregated funds and fixed rate annuities, stock plans, group life annuities and pensioner payroll services. Its Defined Benefit Solutions business offers a range of de-risking solutions for defined benefit pension plans, such as liability-driven investing, annuity buy-outs and buy-ins and longevity insurance. As of December 31, 2016, its CSF provided holistic financial advice, including a range of insurance, health and wealth products, through a sales power located in over 1,200 communities across Canada.

SLF U.S.

The SLF U.S. segment has three business units: Group Benefits, International and In-force Management. Group Benefits provides insurance solutions to employers and employees, including group life, disability, medical stop-loss, dental and vision insurance products, as well as a suite of voluntary benefits products. International serves high net worth clients in international markets, offering individual life insurance products and manages a closed block of wealth products. In-force Management includes certain closed individual life insurance products, primarily universal life and participating whole life insurance. Group Benefits also includes Disability Reinsurance Management Services, Inc., which provides turnkey disability risk management products and services to other insurance companies. International offers individual life insurance solutions to high net worth individuals residing outside the United States and Canada. As of December 31, 2016, SLF U.S.'s closed block of individual life insurance products consisted of approximately 120,000 policies, primarily universal life and participating whole life insurance.

SLF Asset Management

The Company's asset management segment is SLF Asset Management consisting of MFS Investment Management (MFS) and Sun Life Investment Management (SLIM). MFS is a global asset management company, which offers a range of financial products and services. Drawing on an investment heritage that emphasizes collaboration and integrity, MFS actively manages assets for retail and institutional investors around the world through mutual and commingled funds, separately managed accounts, institutional products and retirement strategies. MFS manages assets for retail and institutional investors. Retail products, such as open- and closed-end mutual funds and private portfolios, are distributed through financial advisors and other professional buyers at wirehouses, regional brokerage firms, independent broker dealers, bank-registered investment advisors and wealth management firms. MFS also manages assets for institutional Clients and discretionary managers, including corporate and public pension plans, defined contribution plans, multi-employer plans, sovereign wealth funds, investment authorities, and endowments and foundations.

SLIM is an institutional investment management business. SLIM delivers customized fixed income solutions, including liability-driven investing, and a suite of alternative, yield-oriented asset classes, including private fixed income, real estate and commercial mortgages. SLIM delivers customized fixed income solutions, including liability-driven investing through Bentall Kennedy group of Companies; Prime Advisors, Inc. (Prime Advisors), an investment management company specializing in customized fixed income portfolios primarily for the United States insurance companies; Ryan Labs Asset Management Inc., which is specializing in fixed income and liability-driven investing, and Sun Life Institutional Investments (Canada) Inc., which provides investment services in alternative asset classes and liability-driven investing to pension funds and other institutional investors. SLIM products are sold by the individual companies through internal sales teams.

SLF Asia

The SLF Asia segment operates through subsidiaries in the Philippines, Hong Kong, Indonesia and Vietnam, as well as through joint ventures and associates with local partners in the Philippines, India, China and Malaysia. As of December 31, 2016, the Company had offered individual life insurance products in all seven markets, and group benefits and/or pension and retirement products in the Philippines, Hong Kong, Vietnam, India, China and Malaysia. It has also established asset management companies either directly or through joint ventures and associates in the Philippines, India and China. It distributes these insurance and wealth products to middle- and upper-income individuals, groups and affinity Clients through multiple distribution channels. Its operations in the Philippines distribute a range of insurance and savings products through its career agency sales force and bancassurance channel. It offers individual and group life and health insurance products to individuals and businesses through its subsidiary, Sun Life of Canada (Philippines), Inc., and its joint venture. In addition, it offers mutual funds through its subsidiary, Sun Life Asset Management Company.

The Company's Hong Kong operations offer a range of products to address insurance and savings needs. The Company offers individual life and health insurance, mandatory provident funds (the government-legislated pension system), and pension administration to individuals and businesses through a career sales agency force and independent financial advisors. In Indonesia, it offers individual life and health insurance, as well as creditor life insurance, through a multi-channel distribution network. In Vietnam, the Company, through its subsidiary, Sun Life Vietnam Insurance Company Limited, offers individual insurance and pensions. The Company, through Birla Sun Life Insurance Company Limited (BSLI), provides a range of individual and group insurance, savings and retirement products through a multi-channel distribution network, including a career agency sales force, bancassurance distribution, brokers and worksite marketing. In addition, the Company, through Birla Sun Life Asset Management Company Limited, offers a range of mutual fund products to both individual and institutional investors. Independent financial advisors and banks distribute BSLI's mutual funds to the retail sector, while direct distribution serves corporate clients.

The Company, through Sun Life Everbright Life Insurance Company Limited, operates a multi-distribution model that combines a direct career agency, financial consultants, telemarketing and bancassurance alliances to sell individual life and health insurance and savings products. Its operations in Malaysia offer individual and group insurance through Sun Life Malaysia Assurance Berhad and Sun Life Malaysia Takaful Berhad.

Corporate

The Company' Corporate segment includes SLF U.K. and Corporate Support. Corporate Support operations consist of the Company's Run-off reinsurance business. Its Run-off reinsurance business is a closed block of reinsurance assumed from other insurers. Coverage includes long-term care, medical coverage, and guaranteed minimum income and death benefit coverage. The block also includes group long-term disability and personal accident.

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See Full List of ETFs holding Sun Life Financial stock in their respective portfolios.

Peer / Competitor Companies of Life Insurance Sector

Along with Sun Life Financial Inc., the following other peer (competitor) companies also exist within the same Life Insurance - Finance sector whose company profile and dividend history is as follows:

▶ Aegon NV (AEG): Aegon N.V., incorporated in 1983, is an international life insurance, pensions and asset management company. The Companys segments include the Americas, which includes the United States, Mexico and Brazil; the ....See Detailed Company Profile,  Dividend History

▶ American Equity Investment Life Holding (AEL): American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and si....See Detailed Company Profile,  Dividend History

▶ American National Insurance (ANAT): American National Insurance Company is engaged in life insurance, annuities, and property and casualty insurance. The Company also offers limited health insurance. The Company provides personalized service to approximately six ....See Detailed Company Profile,  Dividend History

▶ Athene Holding (ATH): Athene Holding Ltd. is an insurance holding company. The Companys segments include Retirement Services, Corporate and Other. Retirement Services segment consists of the United States and Bermuda operations, which issue ....See Detailed Company Profile,  Dividend History

▶ Atlantic American (AAME): Atlantic American Corporation, incorporated on January 4, 1968, is a holding company that operates through its subsidiaries in specialty markets within the life and health, and property and casualty insurance ....See Detailed Company Profile,  Dividend History

▶ China Life Insurance (LFC): China Life Insurance Company Limited, incorporated on June 30, 2003, is a life insurance company. The Company provides a range of insurance products, including individual and group life insurance, health ....See Detailed Company Profile,  Dividend History

▶ Citizens (CIA): Citizens, Inc. (Citizens), incorporated on November 8, 1977, is an insurance holding company. The Company operates in three business segments: Life Insurance, Home Service and Other Non-Insurance Enterprises. The Companys ....See Detailed Company Profile,  Dividend History

▶ FBL Financial (FFG): FBL Financial Group, Inc., incorporated on October 13, 1993, sells individual life insurance and annuity products principally under the consumer brand name of Farm Bureau Financial Services. The Companys segments ....See Detailed Company Profile,  Dividend History

▶ Genworth Financial (GNW): Genworth Financial, Inc., incorporated on December 5, 2012, provides mortgage insurance products that allow people to purchase homes. The Company offers individual and group long-term care insurance products to meet ....See Detailed Company Profile,  Dividend History

▶ GWG (GWGH): GWG Holdings, Inc. operates as a financial services company. It purchases life insurance policies at a discount to the face value from the secondary market and policy holders, and continue to pay the ....See Detailed Company Profile,  Dividend History

▶ Independence Holding (IHC): Independence Holding Company (IHC), incorporated on April 23, 1980, is a holding company principally engaged in the life and health insurance business. The Companys segments include Medical Stop-Loss; Fully Insured ....See Detailed Company Profile,  Dividend History

▶ Lincoln National (LNC): Lincoln National Corporation, incorporated on January 5, 1968, is a holding company, which operates insurance and retirement businesses through its subsidiary companies. The Company operates in four segments: Annuities, Retirement ....See Detailed Company Profile,  Dividend History

▶ Manulife Financial (MFC): Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the....See Detailed Company Profile,  Dividend History

▶ MetLife (MET): MetLife, Inc. (MetLife), incorporated on August 10, 1999, is a provider of life insurance, annuities, employee benefits and asset management. The Companys segments include U.S.; Asia; Latin America; Europe, the ....See Detailed Company Profile,  Dividend History

▶ National Security (NSEC): The National Security Group, Inc. (NSG), incorporated on March 20, 1990, is an insurance holding company. The Company, through its subsidiaries, operates through two segments: property and casualty insurance, and ....See Detailed Company Profile,  Dividend History

▶ National Western Life (NWLI): National Western Life Group, Inc., incorporated on March 6, 2015, is a stock life insurance company. The Companys segments include Domestic Life Insurance, International Life Insurance, Annuities and All Others. ....See Detailed Company Profile,  Dividend History

▶ Primerica (PRI): Primerica Inc. (Primerica), incorporated on October 26, 2009, is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: Term ....See Detailed Company Profile,  Dividend History

▶ Prudential Financial (PRU): Prudential Financial, Inc., incorporated in 1999, is a financial services company. The Company, through its subsidiaries and affiliates, offers a range of financial products and services, which includes life insurance, ....See Detailed Company Profile,  Dividend History

▶ Prudential Financial (PJH): Prudential Financial, Inc., incorporated in 1999, is a financial services company. The Company, through its subsidiaries and affiliates, offers a range of financial products and services, which includes life insurance, ....See Detailed Company Profile,  Dividend History

▶ Prudential Financial (PRH): Prudential Financial, Inc., incorporated in 1999, is a financial services company. The Company, through its subsidiaries and affiliates, offers a range of financial products and services, which includes life insurance, ....See Detailed Company Profile,  Dividend History

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