Sun Life Financial
Financial Performance
Sun Life Financial Revenue & Financials
Revenue
~$30.8B (FY2024)
Market Cap
$45.5B
Employees
30,000
What is Sun Life Financial's revenue?
Sun Life Financial had ~$30.8B in revenue for fiscal year 2024, up 3.8% from 2023.
- Latest revenue
- ~$30.8B (FY2024)
- Year-over-year
- +3.8%
- Growth rate (CAGR)
- 6.3% over 3 years
- Peak revenue
- ~$30.8B (FY2024)
- Years of data
- 4
- Employees
- 30,000
- How many employees does Sun Life Financial have?
- Sun Life Financial has about 30,000 employees.
Financial Analysis
Sun Life Financial delivers resilient financial performance marked by double-digit return on equity, steady growth in assets under management, and strong capital generation. In fiscal 2024, underlying net income surpassed C$3.9 billion, supported by robust contributions from SLC Management, US dental and group benefits, and Sun Life Canada. Total assets under management and administration reached C$1.47 trillion, driven by strong market appreciation and positive institutional inflows. Sun Life maintained an elite capital position, reporting a LICAT ratio of 149% at the holding company level, far exceeding regulatory requirements set by OSFI. Demonstrating its commitment to shareholder returns, Sun Life paid annual dividends of C$3.24 per share, reflecting an attractive payout ratio of approximately 50%.
Revenue Trend Analysis
YoY Change
+3.8%
3-Year CAGR
+6.3%
Peak Year
2024
Trend
Consistent Growth
Sun Life Financial has 4 full fiscal year figures on this page, compounding at +6.3% annually over 3 years. The most recent year saw a 3.8% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at ~$30.8B. Of 3 comparable year-over-year steps, 3 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | ~$30.8B | +3.8% |
| FY2023 | ~$29.7B | +7.9% |
| FY2022 | ~$27.5B | +7.2% |
| FY2021 | ~$25.7B | — |
Click any row to see year details.
Keep researching Sun Life Financial
Sun Life Financial Revenue and Financial FAQ
What was Sun Life Financial's revenue in 2024?
Sun Life Financial achieved $42.80 billion in revenue for fiscal year 2024.
Is Sun Life Financial profitable?
Sun Life Financial's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is Sun Life Financial growing?
Sun Life Financial has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does Sun Life Financial fund its capital expenditures?
Sun Life Financial funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is Sun Life Financial's debt profile?
Sun Life Financial maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does Sun Life Financial reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Sun Life Financial Revenue & Financials." CorpDigest, https://corpdigest.com/company/sun-life-financial/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Sun Life Financial reported ~$30.8B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/sun-life-financial/financials" target="_blank" rel="noopener">CorpDigest — Sun Life Financial financials</a></div>Explore Sun Life Financial
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