Sun Life Financial Boosts Q4 Profit to $722M, Up from $237M Last Year
Sun Life Financial Inc. reported a significant increase in its net income for the fourth quarter, earning $722 million. This marks a notable rise from the $237 million profit reported during the same quarter last year. The year-over-year growth can be attributed to the elimination of a substantial writedown and improved investment income.
Fourth Quarter Financial Highlights
The latest financial results reflect a profit of $1.29 per diluted share, a sharp increase from 41 cents per diluted share a year earlier. Additionally, the underlying diluted earnings per share reached $1.96, up from $1.68 in the fourth quarter of 2024.
Key Income Components
- Underlying net income from asset management and wealth: $534 million
- Underlying net income from health and protection: $308 million
Assets Under Management
As of the fourth quarter, Sun Life’s assets under management totaled $1.6 trillion. This is an increase from $1.54 trillion recorded during the same period last year, showcasing the company’s effective asset management strategies.
Regional Performance
Kevin Strain, CEO of Sun Life, highlighted robust earnings and sales growth in Asia. There was also a solid performance in wealth sales within Canada, which contributed positively to the overall results.
This financial update underscores Sun Life Financial’s strong recovery and growth trajectory, reflecting its effective business strategies across various regions.
This report was originally published by The Canadian Press on February 11, 2026, and is now featured on Filmogaz.com.
