Kevin Strain
President and Chief Executive Officer
Sun Life
Leadership History
4 leaders · Full leadership timeline
Kevin Strain is the CEO of Sun Life.
| Name | Role | From | To | Years in role |
|---|---|---|---|---|
| Kevin Strain | President and Chief Executive Officer | — | Present | — |
| Jacques Goulet | President, Sun Life Canada | — | Present | — |
| Ingrid Johnson | President, Sun Life Asia | — | Present | — |
| Steve Peacher | Chair, SLC Management | — | Present | — |
Sun Life Financial Inc. is an international financial services powerhouse that has spent over 150 years helping clients achieve lifetime financial security and live healthier lives. Headquartered in Toronto, Canada, Sun Life commands an expansive footprint across North America, the United Kingdom, and Asia. The modern enterprise is structured into four distinct, synergistic operating pillars: SLC Management and MFS Investment Management (Asset Management), Sun Life Canada, Sun Life U.S., and Sun Life Asia. By seamlessly bridging long-term wealth accumulation and comprehensive health and protection underwriting, Sun Life serves more than 30 million individual and workplace clients. Supported by C$1.47 trillion in total AUM, the company leverages substantial financial strength, technological innovation, and disciplined risk management to generate steady, compounding value for shareholders.
Sun Life operates a balanced, capital-light business model that generates revenue across four principal engines: (1) Asset Management fees via Massachusetts Financial Services (MFS) and SLC Management, representing 35.0% of revenues (C$9.870B) earned from active equity, fixed income, alternative private debt, and real estate management; (2) Canadian Life & Health premiums and group plan administrative services, accounting for 30.0% of revenues (C$8.460B) across workplace pensions, individual protection, and healthcare benefits; (3) U.S. Group Benefits & Dental, delivering 20.0% of revenues (C$5.640B) via employer medical stop-loss coverage and commercial/Medicaid dental benefits powered by DentaQuest; and (4) Asia Emerging Markets, contributing 15.0% of revenues (C$4.230B) through high-margin protection and savings distribution partnerships across the Philippines, Hong Kong, Indonesia, and Vietnam.
President and Chief Executive Officer
President, Sun Life Canada
President, Sun Life Asia
Chair, SLC Management
These officers report to the chief executive and are not part of the CEO timeline above.
Sun Life navigates several structural challenges across its multinational footprint: (1) Active management fee compression and secular client asset rotation from actively managed equity funds toward low-cost passive index products and ETFs at MFS; (2) Escalating healthcare claim cost trends, prescription drug cost inflation, and rising dental procedure utilization impacting underwriting loss ratios in North America; (3) Regulatory redeterminations in U.S. Medicaid programs affecting enrollee volume at DentaQuest; and (4) Managing foreign exchange fluctuations and complex regulatory capital regimes, including the IFRS 17 standard and OSFI LICAT framework across 28 operating jurisdictions.
Kevin Strain has served as President and CEO since August 2021, previously serving as Chief Financial Officer and President of Sun Life Asia.
Kevin Strain orchestrated the USD $2.475 billion acquisition of DentaQuest in 2022, creating the second-largest dental benefits provider in the U.S.
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