Sun Life Financial Inc. (SLF) Financial Statements

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Sun Life Financial financial statements at a glance

Sun Life Financial reported revenue of 38.45 billion CAD for fiscal year 2025 (ended December 31, 2025), up 4.5% from fiscal year 2024. Net income was 3.47 billion CAD, a net margin of 9.0%, and diluted earnings per share were 6.15 CAD.

At the end of fiscal year 2025 it had total assets of 398.46 billion CAD, total liabilities of 372.96 billion CAD and shareholders' equity of 25.23 billion CAD, with cash and short-term investments of 27.93 billion CAD and total debt of 18.79 billion CAD.

Its operations brought in 2.80 billion CAD of cash; capital spending was 145.00 million CAD, leaving free cash flow of 2.65 billion CAD.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in CAD; latest fiscal year ended December 31, 2025.

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Sun Life Financial Inc.

SLFCanada
Financial Services
CAD (Local)

Income Statement

Annual • CAD

Total Revenue
38.45B
Prev Year: 36.80B
YoY: +4.5%
Interest Income
-3.34B
Prev Year: -4.28B
YoY: +22.1%
Total Premiums Earned
-
Prev Year: 22.72B
Total Expenses
33.65B
Prev Year: 52.09B
YoY: -35.4%
Loss Adjustment Expense
22.40B
Prev Year: 41.23B
YoY: -45.7%
Net Policyholder Benefits And Claims
22.40B
Prev Year: 41.23B
YoY: -45.7%
Net Non Operating Interest Income Expense
-526.00M
Prev Year: -664.00M
YoY: +20.8%
Policy Acquisition Expenses
-
Prev Year: 1.60B
Policyholder Interest
-
Non-operating Interest Expense
526.00M
Prev Year: 664.00M
YoY: -20.8%
Pre-tax Income
4.80B
Prev Year: 4.34B
YoY: +10.6%
Provision for Income Taxes
1.02B
Prev Year: 1.04B
YoY: -2.3%
Net Income Common Stockholders
3.47B
Prev Year: 3.05B
YoY: +13.9%
Net Income
3.75B
Prev Year: 3.17B
YoY: +18.1%
Net Income Including Non-Controlling Interests
3.78B
Prev Year: 3.30B
YoY: +14.6%
Net Income from Continuing Operations
3.78B
Prev Year: 3.30B
YoY: +14.6%
Noncontrolling Interests
-37.00M
Prev Year: -128.00M
YoY: +71.1%
Diluted NI Available to Com Stockholders
3.48B
Prev Year: 3.06B
YoY: +13.8%
Net Income from Continuing and Discontinued Operation
3.75B
Prev Year: 3.17B
YoY: +18.1%
Normalized Income
3.75B
Prev Year: 3.17B
YoY: +18.1%
EBIT
5.32B
Prev Year: 5.00B
YoY: +6.4%
Net Income from Continuing Operation Net Minority Interest
3.75B
Prev Year: 3.17B
YoY: +18.1%
Tax Rate for Calcs
0.212
Prev Year: 0
Interest Expense
526.00M
Prev Year: 664.00M
YoY: -20.8%
Net Interest Income
-526.00M
Weighted Average Shares (diluted)
566.00M
Reconciled Depreciation
-
Weighted Average Shares (basic)
563.00M
Diluted EPS
6.15
Total Unusual Items Excluding Goodwill
-
Basic EPS
6.17
Total Unusual Items
-
Average Dilution Earnings
10.00M
Prev Year: 10.00M
YoY: 0.0%
Otherunder Preferred Stock Dividend
194.00M
Prev Year: 42.00M
YoY: +361.9%
Preferred Stock Dividends
79.00M
Prev Year: 80.00M
YoY: -1.3%
Operating Revenue
38.45B
Policyholder Benefits (gross)
22.33B
Prev Year: 40.69B
YoY: -45.1%
Policyholder Benefits (ceded)
-71.00M
Prev Year: -532.00M
YoY: +86.7%
Values in CAD

Sun Life Financial key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue38.4B CAD36.8B CAD38.1B CAD1.1B CAD35.7B CAD
Operating income5.3B CAD5.0B CAD4.5B CAD4.1B CAD5.4B CAD
Net income3.5B CAD3.0B CAD3.1B CAD2.9B CAD3.9B CAD
Diluted EPS6.15 CAD–5.26 CAD5.21 CAD6.69 CAD
Total assets398.5B CAD370.7B CAD333.2B CAD323.6B CAD349.1B CAD
Total liabilities373.0B CAD344.6B CAD309.0B CAD300.7B CAD326.9B CAD
Shareholders' equity25.2B CAD26.1B CAD24.0B CAD22.8B CAD22.1B CAD
Cash and short-term investments27.9B CAD––––
Total debt18.8B CAD15.0B CAD13.3B CAD13.4B CAD6.6B CAD
Operating cash flow2.8B CAD2.5B CAD5.6B CAD–-1.9B CAD
Capital spending145.0M CAD143.0M CAD172.0M CAD–81.0M CAD
Free cash flow2.7B CAD2.4B CAD5.4B CAD4.3B CAD-1.9B CAD

In CAD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2015.

Questions and answers

What was Sun Life Financial's revenue in fiscal year 2025?

38.45 billion CAD, up 4.5% from 36.80 billion CAD in fiscal year 2024.

How much profit does Sun Life Financial make?

Sun Life Financial reported net income of 3.47 billion CAD for fiscal year 2025 (9.0% of revenue); operating income was 5.32 billion CAD.

How much cash and debt does Sun Life Financial have?

At the end of fiscal year 2025: cash and short-term investments of 27.93 billion CAD and total debt of 18.79 billion CAD.

What is Sun Life Financial's free cash flow?

2.65 billion CAD in fiscal year 2025 (operating cash flow of 2.80 billion CAD minus capital spending of 145.00 million CAD).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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