The earnings call highlighted strong capital generation, record fundraising at SLC, and significant growth in Asia, offset by challenges in U.S. stop-loss claims, negative net flows at MFS, and impairments in Vietnam. The company demonstrates resilience and strategic growth, but faces notable challenges in specific segments.

Company Guidance

During the Sun Life Financial Q4 2024 earnings call, the company provided several key metrics and insights. Underlying net income for the fourth quarter was $965 million, a 2% decline year-over-year, with earnings per share flat at $1.68. The full-year underlying net income increased by 3% to $3.9 billion, with total assets under management reaching $1.54 trillion. The LICAT ratio at Sun Life Financial was reported at a strong 152%. In asset management, SLC Management achieved record capital raising of $10 billion in the quarter, contributing to a full-year total of $24 billion. MFS maintained strong long-term fund performance, with 95% of fund assets ranked in the top half of their respective Morningstar categories based on 10-year performance. Despite challenges in the U.S. due to increased claims severity in the stop-loss business, Sun Life reported positive momentum in its Canadian and U.S. group businesses. Wealth sales and asset management gross flows increased by 33%, driven by distribution execution at MFS and SLC. Sun Life also highlighted its commitment to digital innovation and employee engagement, with an employee engagement index score of 88%, maintaining a strong position in the financial services industry.

Strong Capital Position

Sun Life ended the quarter with a strong LICAT ratio of 152% and robust Holdco cash of $1.4 billion, indicating solid financial health and capacity for share buybacks.

Record Capital Raising at SLC Management

SLC Management achieved record capital raising of $10 billion in Q4, bringing the full year total to $24 billion, with net inflows over $14 billion.

Asia Growth Momentum

Sun Life's Asia operations saw strong growth, with underlying net income up 17% year-over-year to more than $700 million. Total Asia CSM grew by 30%.

Canada and U.S. Group Benefits Revenue Growth

Group Benefits revenue in Canada was up 11% year-over-year, and U.S. Group Benefits revenue grew 6% year-over-year, demonstrating strong core health business performance.

Digital Initiatives and Employee Engagement

Sun Life's digital initiatives, such as virtual care services in Canada and the Advisor Buddy tool in the Philippines, demonstrate commitment to innovation. Employee engagement scores averaged 88%, above industry norms.

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Sun Life Financial (SLF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SLF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 08, 2025	2025 (Q1)	1.22 / -	1.053	―	―	―
Feb 12, 2025	2024 (Q4)	1.24 / 1.18	1.18	0.00% (0.00)
Nov 04, 2024	2024 (Q3)	1.19 / 1.24	1.116	10.69% (+0.12)
Aug 12, 2024	2024 (Q2)	1.11 / 1.21	1.102	9.55% (+0.11)
May 09, 2024	2024 (Q1)	1.16 / 1.05	1.067	-1.32% (-0.01)
Feb 07, 2024	2023 (Q4)	1.11 / 1.18	1.187	-0.59% (>-0.01)
Nov 13, 2023	2023 (Q3)	1.11 / 1.12	1.138	-1.85% (-0.02)
Aug 08, 2023	2023 (Q2)	1.08 / 1.10	1.067	3.29% (+0.04)
May 11, 2023	2023 (Q1)	1.06 / 1.07	1.011	5.56% (+0.06)
Feb 08, 2023	2022 (Q4)	1.08 / 1.19	1.074	10.46% (+0.11)

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

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SLF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 12, 2025	$59.01	$55.28	-6.32%
Nov 04, 2024	$55.68	$57.77	+3.75%
Aug 12, 2024	$47.43	$49.95	+5.31%
May 09, 2024	$52.48	$48.97	-6.69%

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.

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