MAY 8·Asia Insurance Review▲
Sun Life Financial Inc. posts US$1.05bn underlying Q1 profit as protection businesses drive growth
Sun Life Financial Inc. reported an underlying net income of $1.05 billion for Q1 2026, driven by growth in its protection businesses across Asia, Canada, and the US. The company also announced plans to renew its normal course issuer bid to purchase up to 10 million common shares and increased its common share dividend. CEO Kevin Strain highlighted strong performance in protection businesses, expansion of the asset management platform through acquisitions, and advancements in digital and AI strategies.
MAY 1·Business Wire▲
AM Best Affirms Credit Ratings of Sun Life Financial Inc. and Its Subsidiaries
AM Best has affirmed the credit ratings for Sun Life Financial Inc. (SLF) and its key subsidiaries, including Sun Life Assurance Company of Canada and Sun Life and Health Insurance Company (U.S.), maintaining a stable outlook. The ratings reflect Sun Life Group’s strongest balance sheet strength, strong operating performance, favorable business profile, and very strong enterprise risk management. Additionally, ratings were affirmed for Independence Life and Annuity Company and Professional Insurance Company, with their respective balance sheet strengths and operational profiles considered.
