$SLF

Sun Life Financial Brief: Receive Exchange and ODFI Approval to Repurchase and Cancel Up to 10-Million Shares over 12 Months Through a Normal-Course Issuer Bid

Research Alert: CFRA Maintains Hold Opinion On Shares Of Sun Life Financial

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price by $5, to $75, valuing SLF shares at 12x our '27 adjusted EPS estimate of $6.22 (CAD8.50, lowered today from CAD8.65) and at 13x our '26 EPS estimate of $5.78 (CAD7.90, lowered from CAD7.95), vs. the three-year average forward multiple and the peer average of 11x. We lower our '26 operating revenue forecast to a rise of 2% to 5% (down from 5% to 9%), and see 3% to 6% revenue growth in '27. Q1 2026 underlying EPS of $1.89, up 4% Y/Y, matched the consensus but missed our $1.93 estimate. Results were impacted by $310M in one-time charges, including $165M for SLC Management acquisitions and the $145M legal settlement. Asia net income rose 17% Y/Y to $216M, due to strong Hong Kong sales momentum and 41% growth in individual insurance sales. Canada delivered solid 7% Y/Y growth in underlying net income to $370M, supported by higher fee income from AUM growth. Asset management results were mixed with underlying net income declining 7% Y/Y to $363M.

Research Alert: CFRA Maintains Hold Opinion On Shares Of Sun Life Financial

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price by CAD7, to CAD103, valuing SLF shares at 12x our '27 adjusted EPS estimate of CAD8.50, (lowered today from CAD865) and at 13x our '26 EPS estimate of CAD7.90 (lowered from CAD7.95), versus the three-year average forward multiple and the peer average of 11x. We lower our '26 operating revenue forecast to a rise of 2% to 5% (down from 5% to 9%), and see 3% to 6% revenue growth in '27. Q1 2026 underlying EPS of CAD1.89, up 4% Y/Y, matched the consensus but missed our CAD1.93 estimate. Results were impacted by CAD310M in one-time charges, including CAD165M for SLC Management acquisitions and the CAD145M legal settlement. Asia net income rose 17% Y/Y to CAD216M, due to strong Hong Kong sales momentum and 41% growth in individual insurance sales. Canada delivered solid 7% Y/Y growth in underlying net income to CAD370M, supported by higher fee income from AUM growth. Asset management results were mixed with underlying net income declining 7% Y/Y to CAD363M.

Research Alert: Sun Life Posts Modestky Higher Q1 Operating Eps

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Sun Life Financial posted Q1 2026 underlying EPS of $1.89, up 4% Y/Y, matching consensus but missing our $1.93 estimate. Reported results were significantly impacted by $310M in one-time charges, including $165M for SLC Management acquisitions and $145M legal settlement. Asia remained a standout performer with underlying net income rising 17% Y/Y to $216M, driven by strong Hong Kong sales momentum and 41% growth in individual insurance sales, reinforcing its position as a key growth engine. Canada delivered solid 7% Y/Y growth in underlying net income to $370M, supported by higher fee income from AUM growth. Asset management results were mixed with underlying net income declining 7% Y/Y to $363M as lower catch-up fees offset solid MFS performance, while net outflows widened to $17.8B from $6.2B. We view the underlying ROE improvement to 18.6% from 17.7% as encouraging, reflecting effective capital deployment despite operational headwinds.

Research Alert: Sun Life Posted Modestly Higher Q1 Operating Eps

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Sun Life Financial posted Q1 2026 underlying EPS of $1.89, up 4% Y/Y, matching consensus but missing our $1.93 estimate. Reported results were significantly impacted by $310M in one-time charges, including $165M for SLC Management acquisitions and $145M legal settlement. Asia remained a standout performer with underlying net income rising 17% Y/Y to $216M, driven by strong Hong Kong sales momentum and 41% growth in individual insurance sales, reinforcing its position as a key growth engine. Canada delivered solid 7% Y/Y growth in underlying net income to $370M, supported by higher fee income from AUM growth. Asset management results were mixed with underlying net income declining 7% Y/Y to $363M as lower catch-up fees offset solid MFS performance, while net outflows widened to $17.8B from $6.2B. We view the underlying ROE improvement to 18.6% from 17.7% as encouraging, reflecting effective capital deployment despite operational headwinds.

Sun Life Financial Reports Higher Q1 Underlying Earnings, Lifts Dividend and Renews Share Buyback Program

Sun Life Financial (SLF.TO) Wednesday after trade reported higher first-quarter underlying earnings and a $0.04 dividend increase. The lifeco also intends to renew its share buyback program.Underlying net earnings edged up to $1.05 billion, or $1.89 per share, from $1.045 billion or $1.82, in the prior year period. Analysts polled by Factset had expected $1.89 per share. Sun Life said underlying earnings were boosted by strong performance in Asia reflecting business growth in Hong Kong, and Canada from higher fee income driven by higher assets under management (AUM).Underlying return on equity (ROE) advanced from 17.7% to 18.6%.Sun Life said assets under management (AUM) rose by $23 billion year over year, to $1,578 billion.The company will pay the higher dividend of $0.96 per share, on June 30, to shareholders of record on May 27.Sun Life separately said it intends to renew its share buyback program, and buy back up to 10-million shares from May 29, for one year. The normal course issuer bid is also subject to OSFI approval."This quarter we delivered strong growth in our protection businesses led by Asia, Canada and U.S. Health and Risk Solutions," said Kevin Strain, Sun Life chief executive. "We also added further scale to our asset management platform, deploying over $2.4 billion in capital for the buy-ups of BGO and Crescent Capital and announcing our intention to acquire Bell Partners, a leading U.S. multifamily real estate investment manager and vertically integrated property management business."Sun Life Financial was last seen down US$0.09 to US$73.01, in after-hours New York trading. It closed down $0.12 to $99.53, on the Toronto Stock Exchange.

Earnings Flash (SLF) Sun Life Financial Posts Q1 Underlying EPS $1.89 per Share

Sun Life Financial Reaches Settlement in Principle to Resolve MetLife Class Action; AM Best Affirms Credit Ratings

Sun Life Financial (SLF.TO) Thursday after trade said it has reached a settlement in principle to resolve a class action relating to individual life insurance policies sold and issued by MetLife in the 1980s and 1990s, which Sun Life inherited through acquisitions.This matter does not involve any policies or products sold by Sun Life, the company said.If approved, Sun Life would provide up to $213.5 million settlement value to eligible policyholders, which is expected to result in a charge to first quarter 2026 reported net income of approximately $145 million.The proceedings relate to the interpretation of policy language in the policies, which are subject to an indemnity from MetLife. Sun Life will seek full recourse from MetLife pursuant to the indemnity, if the settlement is approved, it confirmed.Separately, AM Best affirmed the financial strength rating (FSR) of A+ (Superior) and the long-term issuer credit ratings (Long-Term ICR) of "aa" (Superior) of Sun Life Assurance Company of Canada and Sun Life and Health Insurance Company (U.S.), core insurance subsidiaries of Sun Life Financial. AM Best also affirmed the Long-Term ICR of "a" (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of SLF. The outlook of these ratings is stable.The ratings reflect Sun Life Group's balance sheet strength, which AM Best assesses as strongest, strong operating performance, favorable business profile and very strong enterprise risk management.Sun Life Financial shares are unchanged at US$72.08 in U.S. after-hours trade. It closed up $1.30, to $97.87 on the Toronto Stock Exchange.

Sun Life Financial Shares Rise After National Bank Upgrade

Sun Life Financial (SLF) shares rose 1.4% in Friday trading after National Bank upgraded the stock to outperform from sector perform and raised the price target to 109 Canadian dollars ($79.77) from CA$99.Intraday trading topped 339,000 shares versus the daily average of about 742,000.Price: $71.72, Change: $+0.98, Percent Change: +1.39%

National Bank Upgrades Sun Life Financial to Outperform From Sector Perform, Adjusts PT to CA$109 From CA$99

Sun Life Extends Partnership With Kansas City Royals

Sun Life (SLF) said Wednesday it renewed its partnership with the Kansas City Royals through 2030.The partnership enables Sun Life to build on previous community programming and fundraising to support local non-profits in Kansas City, according to a statement.Under the new agreement, Sun Life and the Royals will collaborate with non-profit TeamSmile that works with sports teams and universities to set up dental clinics for kids from underserved communities, according to the company.Price: $68.25, Change: $+1.12, Percent Change: +1.67%