Sun Life Financial Inc. (TSE:SLF)
TSX:SLF
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.89Last Year’s EPS
1.82Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed strong underlying operational performance across diversified businesses (notably Asia protection, SLC Management, Canada wealth and U.S. stop-loss), excellent capital metrics (LICAT 157%) and progress against medium-term targets. Key challenges highlighted include market-related volatility that reduced reported earnings, MFS net outflows and continued remediation and multi-year work on Dental and stop-loss experience. Management presented these issues as being under active remediation and framed some impacts (corporate financing, buy-ups) as temporary, supporting a constructive outlook.Company Guidance
Strong Q4 and Full-Year Underlying Results
Q4 underlying net income of $1.1 billion (up 13% YoY) and underlying EPS of $1.96 (up 17% YoY). Full-year underlying EPS growth of 12% and full-year underlying earnings growth of 9%. Q4 underlying ROE of 19.1% and full-year underlying ROE of 18.2%.
Robust Capital Position
LICAT ratio of 157% (up 3 percentage points from Q3). Generated $4.2 billion of organic capital in 2025 and returned $3.7 billion to shareholders via dividends and share buybacks (including ~$400 million in buybacks in the quarter). Dividend payout ratio of 47%.
Asset Management Scale and Progress
Overall assets under management exceeded $1.6 trillion; asset management platform ended 2025 with $1.2 trillion of third-party AUM. SLC Management delivered $242 million of underlying net income in 2025, exceeding its Investor Day target of $235 million.
SLC Management Fee Growth and Fundraising
Q4 fee-related earnings of $99 million (up 25% YoY) and pretax fee-related earnings margin of 27.5% (up 450 bps YoY). Capital raising of $6.4 billion and deployments of $10.6 billion in the quarter; fee-earning AUM of $200 billion (up 4% YoY).
MFS Performance and Cash Generation
MFS underlying net income of USD 224 million (up 4% YoY) and AUM of USD 651 billion (up 8% YoY). Full-year gross flows of over USD 121 billion (up 21% YoY). MFS contributed strong margins and cash flow to Sun Life, including CAD 1.0 billion in dividends/remittances for the organization.
Outstanding Results in Asia
Asia Q4 underlying net income of $207 million (up 19% YoY on constant currency). Individual protection sales up 50% YoY (Hong Kong sales +111% YoY; Indonesia +43% YoY). New business CSM of $300 million (up 49% YoY); total CSM $6.7 billion (up 18% YoY).
Strong Canada and U.S. Performance
Canada: Q4 underlying net income $417 million (up 14% YoY) with record underlying ROE of 30.1%; gross and wealth sales up 46% YoY; Group Retirement Services sales doubled. U.S.: underlying net income up 30% YoY with Group Health & Protection earnings up 33% and record stop-loss sales growth of 58% YoY.
Digital and Client Engagement Momentum
Launched Sun Life Essentials digital group retirement solution; mobile app reimagined produced 62% more traffic and 81% greater enrollments for wealth engagement. Ongoing digital transformation improved underwriting, onboarding and claims processing times.
Operational and Cultural Achievements
Dental returned to profit this quarter; SLC Management exceeded Investor Day earnings target; Great Place to Work recertification in 9 countries and SLC named a Best Place to Work in Money Management for the 6th consecutive year.
TSE:SLF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:SLF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | C$87.16 | C$92.67 | +6.32% |
Nov 05, 2025 | C$85.19 | C$81.65 | -4.16% |
Aug 07, 2025 | C$81.88 | C$75.38 | -7.95% |
May 08, 2025 | C$80.05 | C$82.96 | +3.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sun Life Financial Inc. (TSE:SLF) report earnings?
Sun Life Financial Inc. (TSE:SLF) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Sun Life Financial Inc. (TSE:SLF) earnings time?
Sun Life Financial Inc. (TSE:SLF) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:SLF EPS forecast?
TSE:SLF EPS forecast for the fiscal quarter 2026 (Q1) is 1.89.
