PR Newswire·Aug 6, 2026, 5:01 PM ET

Sun Life Reports Second Quarter 2026 Results

SLF

Sun Life Financial Inc. reported underlying net income of $1,123 million for Q2 2026, representing an 11% increase from the prior year.
Reported net income for the quarter was $1,008 million, a 41% increase from Q2 2025.
Underlying earnings per share reached $2.02, up 13% from the previous year, while reported EPS was $1.81, up 44%.
The company achieved an underlying return on equity of 19.1% and a reported ROE of 17.2%.
Assets under management totaled $1,696 billion, reflecting a 10% increase from the prior year.
Group insurance sales grew 27% year-over-year, while individual insurance sales increased 16%.
Sun Life Asset Management reported underlying net income of US$262 million, with gross flows and wealth sales increasing 55% to US$82.7 billion.
The company completed the acquisition of Bell Partners Inc. on July 2, 2026, expanding its U.S. multifamily real estate capabilities.
Regional performance showed underlying net income growth of 23% in Canada, 15% in the U.S., and 18% in Asia.
The Life Insurance Capital Adequacy Test ratio for SLF Inc. stood at 145% at the end of the quarter.
Corporate underlying net loss widened to $117 million, driven by higher financing costs related to SLC Management affiliates.
New business Contractual Service Margin was $400 million for the quarter, down from $435 million in the prior year.
The company highlighted progress in AI integration, including a proprietary agentic AI platform and partnerships with Visitt and Medzown.
Cash and other liquid assets held at SLF Inc. and its wholly owned holding companies were $2,292 million as of June 30, 2026.