Sun Life Financial Inc. (SLF) Bundle
A Brief History of Sun Life Financial Inc. (SLF)
Company Overview
Sun Life Financial Inc. is a Canadian multinational financial services company headquartered in Toronto, Ontario. As of 2024, the company operates in multiple countries including Canada, the United States, United Kingdom, Ireland, China, Hong Kong, the Philippines, Indonesia, India, and Vietnam.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $228.1 billion |
| Net Income | $3.4 billion |
| Market Capitalization | $36.8 billion |
| Return on Equity | 15.2% |
Key Business Segments
- Group Benefits
- Individual Insurance
- Wealth Management
- Asset Management
Global Presence
| Country | Number of Employees |
|---|---|
| Canada | 16,500 |
| United States | 8,200 |
| Asia | 12,300 |
Stock Performance
As of January 2024, Sun Life Financial (SLF) trades on the Toronto Stock Exchange with a stock price of approximately $69.45 per share.
Sustainability Initiatives
- Carbon neutrality commitment by 2030
- $10 billion sustainable investment portfolio
- Diversity and inclusion programs
A Who Owns Sun Life Financial Inc. (SLF)
Major Institutional Shareholders
| Shareholder | Percentage Ownership |
|---|---|
| The Vanguard Group, Inc. | 9.52% |
| Mackenzie Financial Corporation | 8.41% |
| Canada Pension Plan Investment Board | 5.23% |
| BlackRock Fund Advisors | 4.87% |
| Royal Bank of Canada | 3.95% |
Public Float and Share Structure
Sun Life Financial Inc. is a publicly traded company listed on the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE) under the ticker symbol SLF.
- Total Outstanding Shares: 445.7 million
- Public Float: Approximately 94.6%
- Market Capitalization: $29.4 billion (as of January 2024)
Ownership Breakdown
| Ownership Category | Percentage |
|---|---|
| Institutional Investors | 68.3% |
| Individual Retail Investors | 26.3% |
| Insider Ownership | 5.4% |
Top Institutional Owners
- The Vanguard Group: 42.5 million shares
- Mackenzie Financial: 37.5 million shares
- Canada Pension Plan Investment Board: 23.3 million shares
- BlackRock: 21.7 million shares
Sun Life Financial Inc. (SLF) Mission Statement
Company Overview
Sun Life Financial Inc. trades on the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE) under the ticker symbol SLF. As of Q4 2023, the company reported total assets of $229.3 billion.
Core Mission Components
- Provide comprehensive financial solutions across insurance, wealth management, and health protection
- Operate in key markets including Canada, United States, United Kingdom, Philippines, and other international locations
- Deliver sustainable financial services to clients globally
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Net Income | $3.02 billion |
| Total Revenue | $16.4 billion |
| Operating Earnings | $2.96 billion |
| Shareholders' Equity | $26.1 billion |
Strategic Focus Areas
- Digital Transformation: Investing in technology platforms
- Customer Experience: Enhancing digital service capabilities
- Sustainable Investing: Environmental, Social, and Governance (ESG) integration
Global Presence
Operates in 27 countries with approximately 37,000 employees serving 38 million customers worldwide.
Market Segments
| Segment | 2023 Contribution |
|---|---|
| Canada | 38% of total earnings |
| United States | 29% of total earnings |
| International Markets | 33% of total earnings |
How Sun Life Financial Inc. (SLF) Works
Company Overview
Sun Life Financial Inc. is a Canadian multinational financial services company headquartered in Toronto, Ontario. As of 2024, the company operates in Canada, the United States, United Kingdom, Ireland, China, Hong Kong, the Philippines, Indonesia, India, and other markets.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Net Income | $3.3 billion |
| Total Assets | $353 billion |
| Market Capitalization | $35.8 billion |
| Adjusted Net Operating Income | $3.16 billion |
Business Segments
- Group Benefits
- Individual Insurance
- Wealth Management
- Asset Management
Global Operations
Sun Life operates in multiple countries with significant presence in:
- Canada: Primary market with 40% of total revenue
- United States: Second largest market
- Asia: Rapid growth market with focus on Philippines, Indonesia, and India
Investment Portfolio
| Asset Class | Percentage of Total Investments |
|---|---|
| Fixed Income | 65% |
| Equities | 25% |
| Real Estate | 7% |
| Alternative Investments | 3% |
Digital Transformation
Digital Platforms Investment: $250 million allocated for digital transformation initiatives in 2023-2024.
Regulatory Compliance
Regulated by financial authorities in each operational jurisdiction, including Office of the Superintendent of Financial Institutions (OSFI) in Canada.
How Sun Life Financial Inc. (SLF) Makes Money
Revenue Streams
Sun Life Financial generates revenue through multiple business segments:
- Canada Operations
- United States Operations
- International Operations
- Asset Management
Financial Performance 2023
| Financial Metric | Amount (CAD) |
|---|---|
| Net Income | $2.84 billion |
| Total Revenue | $16.4 billion |
| Operating Earnings | $3.04 billion |
Insurance Product Revenue
Key Insurance Segments:
- Life Insurance: $4.2 billion
- Health Insurance: $3.7 billion
- Group Benefits: $2.9 billion
Asset Management Revenue
| Asset Management Category | Assets Under Management |
|---|---|
| Total Assets | $1.39 trillion |
| Mutual Funds | $247 billion |
| Institutional Investments | $592 billion |
Geographic Revenue Breakdown
| Region | Revenue Contribution |
|---|---|
| Canada | 42% |
| United States | 33% |
| International Markets | 25% |
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