Sun Life
Financial Performance
Sun Life Revenue & Financials
Revenue
~$20.3B (FY2024)
Market Cap
$45B
Net Income
~$2.8B
Employees
31,000
What is Sun Life's revenue?
Sun Life had ~$20.3B in revenue for fiscal year 2024, up 9.9% from 2023. Net income was ~$2.8B.
- Latest revenue
- ~$20.3B (FY2024)
- Year-over-year
- +9.9%
- Growth rate (CAGR)
- 1.7% over 9 years
- Peak revenue
- ~$21.5B (FY2021)
- Years of data
- 10
- Employees
- 31,000
- How much profit does Sun Life make?
- Sun Life reported net income of ~$2.8B for fiscal year 2024.
- How many employees does Sun Life have?
- Sun Life has about 31,000 employees.
Financial Analysis
Sun Life demonstrated sustained financial strength in FY2024, generating total revenue of C$28.20 billion, an increase of 9.86% over C$25.67 billion in FY2023. Net income rose to C$3.85 billion, delivering an outstanding net profit margin of 13.65% (matching the exact ratio of C$3.85B net income over C$28.20B revenue). Shareholders' equity closed the year at C$26.0 billion, supporting a multi-year return on equity well above the industry average. Total enterprise assets under management and administration reached C$1.47 trillion, driven by strong market appreciation and institutional client mandates across SLC Management and MFS. Sun Life closed FY2024 with a robust Life Insurance Capital Adequacy Test (LICAT) ratio of over 140%, providing significant capital buffers above regulatory thresholds and supporting disciplined dividend growth.
Revenue Trend Analysis
YoY Change
+9.9%
9-Year CAGR
+1.7%
Peak Year
2021
Trend
Consistent Growth
Sun Life has 10 full fiscal year figures on this page, compounding at +1.7% annually over 9 years. The most recent year saw a 9.9% increase versus the prior year. Annual revenue peaked in fiscal year 2021 at ~$21.5B. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | ~$20.3B | ~$2.8B | +9.9% |
| FY2023 | ~$18.5B | ~$2.2B | +10.1% |
| FY2022 | ~$16.8B | ~$2.2B | -21.9% |
| FY2021 | ~$21.5B | ~$2.8B | +2.7% |
| FY2020 | ~$20.9B | ~$1.7B | -1.0% |
| FY2019 | ~$21.2B | ~$1.9B | +5.6% |
| FY2018 | ~$20B | ~$1.8B | +1.8% |
| FY2017 | ~$19.7B | ~$1.5B | +5.8% |
| FY2016 | ~$18.6B | ~$1.8B | +6.8% |
| FY2015 | ~$17.4B | ~$1.6B | — |
Click any row to see year details.
Keep researching Sun Life
Sun Life Revenue and Financial FAQ
What was Sun Life's revenue and net income in FY2024?
Sun Life reported consolidated revenue of CAD $28.20 billion and underlying net income of CAD $3.85 billion in fiscal year 2024.
What is Sun Life's dividend track record?
Sun Life has paid dividends continuously since its 2000 IPO, maintaining an approximate 40% to 50% payout target with an attractive dividend yield between 4.0% and 4.8%.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Sun Life Revenue & Financials." CorpDigest, https://corpdigest.com/company/sun-life/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 reported ~$20.3B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/sun-life/financials" target="_blank" rel="noopener">CorpDigest — Sun Life financials</a></div>Related Financial Audits
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