Sun Life Financial reports $722M Q4 profit, up from $237M last year
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TORONTO – Sun Life Financial Inc. says it earned $722 million in net income during the fourth quarter.
That compares with a profit of $237 million in the same quarter a year ago, when the Toronto-based insurer took a $186-million writedown and had lower-than-expected investment income.
Sun Life says the profit amounted to $1.29 per diluted share in its latest quarter, up from 41 cents per diluted share a year earlier, while its underlying diluted earnings per share totalled $1.96, up from $1.68 in the fourth quarter of 2024.
Underlying net income for its asset management and wealth business came in at $534 million, while underlying net income for its health and protection business came in at $308 million.
The Toronto-based insurer says assets under management totalled $1.6 trillion during the period, up from $1.54 trillion during the same period a year earlier.
Sun Life CEO Kevin Strain says in a news release that the company saw robust earnings and sales in Asia and solid wealth sales in Canada.
This report by The Canadian Press was first published Feb. 11, 2026.
Companies in this story: (TSX:SLF)
Note to readers:This is a corrected story. A previous version had incorrect figures for Sun Life’s assets under management and for Q4 2024 profit. It has also been clarified to include the earnings per share figures for both reported and underlying profit.