#Toronto #Financial Services #Sun Life #Q2 2025

Sun Life Financial Inc. Reports Strong Second Quarter 2025 Results

On August 7, 2025, Sun Life Financial Inc. (commonly referred to as SLF Inc.), announced its financial output for the second quarter that concluded on June 30, 2025. The report indicates positive developments across several business sectors, bolstered mainly by a rise in underlying net income and strong asset management.

Key Financial Highlights

Sun Life reported an underlying net income of $1,015 million, representing an increase of $15 million or 2% compared to the second quarter of 2024. The underlying return on equity (ROE) for this period stood at 17.6%. Furthermore, the asset management sector demonstrated stability, reporting underlying net income of $455 million, which maintained its standing from the previous year. Notably, the Group Health Protection segment experienced an increase in net income to $326 million, up 7% from the previous year.

On the other hand, the Individual Protection segment faced challenges, with underlying net income dropping by 10% to $299 million. This decline was attributed to elevated expenses in Asia, reflecting considerable investments in business operations and unfavorable mortality experiences in Canada and the U.S. Conversely, there were reductions in corporate expenses prompting a net loss of $65 million, a significant decrease of 29% from last year's loss. The overall reported net income reached $716 million, a noteworthy rise of 11% from the second quarter of 2024.

The total assets under management (