Sun Life Financial, Inc.

Overview

Date Founded

1999

Headquarters

1 York Street,Toronto, ON M5J 0B6

Type of Company

Public

Employees (Worldwide)

22.7K

Industries

Other Insurance Services
Accounting & Financial Services
Pension Funds & Sovereign Wealth
Insurance: Life & Health
IT Consulting & Services
Investment Services & Portfolio Management

Company Description

Sun Life Financial, Inc. is a holding company. The firm engages in the provision of financial services. It operates through the following segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate. The Sun Life Financial Canada segment offers individual insurance and wealth, and group benefits and retirement services. The Sun Life Financial United States segment consists of group benefits, international and in-force management services. The Sun Life Financial Asset Management segment focuses on the design and delivers investment products through MFS investment management, and Sun Life investment management. The Sun Life Financial Asia segment comprises of Philippines, Hong Kong, Indonesia, Vietnam, Malaysia, India, and China markets. The Corporate segment represents United Kingdom business unit and corporate support operations, which include run-off reinsurance operations as well as investment income, expenses, capital, and other items. The company was founded on March 18, 1865 and is headquartered in Toronto, Canada.

Website

http://www.sunlife.com

Contact Data

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In The News

PR Newswire

January 27, 2021

Sun Life hosts fourth quarter 2020 earnings conference call

News Bites Canadian Markets

January 26, 2021

Tuesday January 26, 2021 Sun Life Financial Inc. Class A Non-Cumulative Rate Reset Preferred Shares Series 12R (SLF.PR.I:CAD21.61) increases 1.4%

News Bites Canadian Markets

January 25, 2021

Monday January 25, 2021 Sun Life Financial (SLF:CAD60.47) offers lowest Price Earnings in S&P/TSX 60 Index, after price drop

News Bites Canadian Markets

January 22, 2021

Stock Weekly: Dividend 15 Split II Class A Preference (DF.PR.A:CAD10.30) decreases 0.5% on average volume

News Bites Canadian Markets

January 22, 2021

Stock Weekly: Financial 15 Split Corporation II Preference Share Series A (FFN.PR.A:CAD10.33) increases on weak volume

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Executives & Employees

Dean Connor

President & Chief Executive Officer

Kevin D. Strain

Chief Executive Officer

Randolph Brill Brown

Chief Investment Officer

Stevan Lewis

Senior Vice President & Chief Technology Officer

Larry R. Madge

Chief Executive Officer, Pvi Sun Life, Vietnam

Katherine Garner

Chief Executive Officer, UK

Michael Stramaglia

Chief Risk Officer & Executive Vice President

Colm J. Freyne

Executive Vice President & Chief Risk Officer

Laura Money

Chief Information Officer & Executive Vice President

Daniel R. Fishbein

President, US

Board of Directors

William D. Anderson

Former Chairman, Chief Executive & Financial Officer at Bell Canada International, Inc.

Jim Peck

Former President & Chief Executive Officer at ChoicePoint Precision Marketing, Inc.

Barbara Stymiest

Vice Chairman at University Health Network

Sara Grootwassink Lewis

Member-Leadership Board at The U.S. Chamber of Commerce

Scott Francis Powers

Former President & Chief Executive Officer at SSgA Funds Management, Inc.

M. Marianne Harris

Former Managing Director & President, Canada at Bank of America Merrill Lynch

Stephanie Coyles

Former Chief Strategic Officer at LoyaltyOne Co.

Martin J. Glynn

Head of Sales, Global Trade & Receivable Finance-Argentina at HSBC Holdings Plc

Kevin D. Strain

Future Chief Executive Officer at Sun Life Financial, Inc. (Effective 08/2021)

Hugh D. Segal

Advisor at Wellington Financial LP

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Sun Life Financial, Inc.

Owners & Shareholders

Details Hidden

BMO Asset Management, Inc.

BMO seeks to achieve consistent, above average returns through a risk-controlled approach to asset management. The firm attempts to reduce risk through the use of different asset classes, diversification and intensive individual security analysis. Their equity investment approach focuses on investments in companies with the potential to create long-term wealth. Though not limited by sector, the firm tends to invest in the stocks of companies in the finance, energy minerals, non-energy minerals and industrial services sectors. BMO's fixed-income investment approach seeks capital preservation and returns commensurate with a given level of risk.

Details Hidden

Beutel, Goodman & Company Ltd.

Since 1967, Beutel Goodman has specialized in applying a value approach to the management of domestic and global equity, balanced and fixed income mandates for institutional and individual investors. Cash flow analysis forms the foundation for both equity and fixed income analysis and valuation. For the fixed income side strong free cash flows facilitates debt repayment and safety of principal. For the equity side strong free cash flows provide the financial flexibility to support organic growth and profitability, make strategic acquisitions, buy back shares and pay dividends. Beutel Goodman's in-depth, and bottom up investment style leads to investments in strong companies with less cyclicality for fixed income mandates and more value upside for equity mandates.

Details Hidden

Fidelity (Canada) Asset Management ULC

FCAM’s investment approach is based the belief that in-depth fundamental analysis of companies can identify securities that may outperform the market. The firm's global research resources include seasoned, sector-focused fundamental analysts covering industry sectors across Canadian, US and global markets, as well as quantitative and technical portfolio managers and analysts. FCAM offers a wide variety of investment solutions including: Canadian, US and International/Global equity strategies; Diversified, Active/Single Sector, and Custom (Liability-Driven and Tactical Bond) fixed-income strategies; and Multi-Asset Class Asset Allocation Products including Strategic Balanced, Tactical Asset Allocation and Balanced Trust Services.

Recent Transactions

Details Hidden

Sun Life Financial, Inc. purchases InfraRed Capital Partners Ltd.

Details Hidden

Sun Life Financial, Inc., BentallGreenOak (US) LP purchase BGO US Real Estate LP

Details Hidden

Ash Brokerage LLC, Sun Life Financial, Inc. purchase Northington Portfolio Company, Inc. from CGI JCF, Inc.

Transaction Clients

Underwriter

North American Financial 15 Split Corp.

Advised on North American Financial 15 Split Corp. issued CAD Common Shares

Transaction Advisors

Accountant

Deloitte Touche Tohmatsu Services, Inc.

Advised onSun Life Financial, Inc. purchases Clarica Life Insurance Co. US

Investment Advisor

Morgan Stanley & Co. LLC

Advised onSun Life Financial, Inc. purchases Commonwealth Bank of Australia /Insurance & Pension Bus from Commonwealth Bank of Australia

Investment Advisor

Banc of America Securities LLC

Advised onSun Life Financial, Inc. purchases Liberty Financial Cos., Inc. /Annuity Divisions (2) from Liberty Corporate Services, Inc.

Legal Advisor

Daniel Priest

Advised onSun Life Assurance Company of Canada, Sun Life Financial, Inc. purchase Assurant, Inc. /Employee-Benefits Unit from Assurant, Inc.

Associate

Kimberly Thibault

Advised onSun Life Financial, Inc. purchases Prime Advisors, Inc.

Counsel

Michael D. Devins

Advised onSun Life Assurance Company of Canada, Sun Life Financial, Inc. purchase Assurant, Inc. /Employee-Benefits Unit from Assurant, Inc.

Advisors & Consultants

Consultant

The Energy Project

The Energy Project energizes people and transforms companies, offering a detailed blueprint for fueling a fully engaged workforce. Drawing on the multidisciplinary science of high performance, we do this at three levels: We train people to perform sustainably at the highest levels by more skillfully managing their energy across four dimensions: physical, emotional, mental and spiritual to develop actionable strategies that help them to become more energized, focused and productive. We teach leaders to become Chief Energy Officers, who mobilize, inspire, focus, direct and regularly recharge the energy of those they lead. We partner with companies to help them better meet the core needs of their employees, so they’re freed, fueled and inspired to bring the best of themselves to work every day. Demand is exceeding our capacity. Time is the resource we’ve traditionally relied on to get more done. The problem with time is that it’s finite, and most of us no longer have additional hours left to invest at work. Energy, by contrast, can be expanded and regularly renewed. Drawing on the multidisciplinary science of high performance, The Energy Project has developed a set of simple principles and highly actionable practices for more effectively managing energy to drive higher levels of engagement, productivity, and innovation. Our clients range from companies such as Google, Coca Cola, Target, Sony, Ernst & Young, and Pfizer to organizations such as the Los Angeles Police Department, the Cleveland Clinic, Kipp Schools and many others.

Legal Advisor

Rajab S. Abbassi

Partner at Kirkland & Ellis LLP

Legal Advisor

Allison J. Tam

Partner at Willkie Farr & Gallagher LLP

Advisor

Jonathan Broer

Managing Director & Head of Financial Institutions at TD Securities, Inc.

Clients

Voya Financial

Voya Financial, Inc. is a retirement, investment, and insurance company, which engages in the provision of financial services. It operates through the following segments: Retirement, Investment Management, Employee Benefits and Individual Life. The Retirement segment offers tax-deferred, employer-sponsored retirement savings plans and administrative services. The Investment Management segment includes domestic and international fixed income, equity, multi-asset and alternative investment products and solutions. The Employee Benefits segment is comprised of stop loss, group life, voluntary employee-paid, and disability products to mid-sized and large businesses. The Individual Life segment provides universal and variable life insurance products. The company was founded on April 7, 1999 and is headquartered in New York, NY.

Cinda International Holdings Ltd.

Cinda International Holdings Ltd. engages in the business of asset management, investment banking, and brokerage. It operates through the following segments: Asset Management, Sales and Trading Business and Corporate Finance. The Asset Management segment involves in providing advisory and managing private funds, auxiliary services, and related investment income. The Sales and Trading Business segment brokering services in securities, equity linked products, unit trusts and stock options commodities and futures contracts. The Corporate Finance segment offers corporate finance and advisory services. The company was founded on April 19, 2000 and is headquartered in Hong Kong.

PT Bank CIMB Niaga Tbk

PT Bank CIMB Niaga Tbk engages in the provision of general banking services. It operates through the following segments: Corporate, Business, Retail, Treasury, Shariah, Others, and Subsidiaries. The Corporate segment pertains to loans, deposits, and other transactions and balances with corporate customers. The Business segment offers products and services for small to medium scale enterprises. The Retail segment focuses on products and services for individual customers such as loans, deposits and other transactions and balances with retail customers. The Treasury segment undertakes the firm's treasury activities which include foreign exchange, money market, derivatives, and investing in placements and securities. The Shariah segment refers to all transactions relating to Shariah business unit. The Others segment deals with all back office processes and non-profit generating divisions in the company such as corporate service, sales and distributions. The Subsidiaries segment includes all transactions relating to subsidiaries' businesses. The company was founded on September 26, 1955 and is headquartered in Jakarta, Indonesia.

Key Stats and Financials As of 2019

Market Capitalization

$28.3B

Total Enterprise Value

$35.5B

Earnings Per Share

$3.24

TEVNet Income

17.86x

Debt TEV

0.22x

Enterprise Value / Sales

1.53x

Three Year Compounded Annual Growth Rate Of Revenue

7.48%

Revenue

$23.2B

Net Profit

$1.99B

Total Equity

$17.1B

Total Debt

$7.92B

Non-Profit Donations & Grants

$50K - $100K

2020

Canadian Opera Co.

$100K - $250K

2019

United Way of Massachusetts Bay & Merrimack Valley

$100K +

2019

Ryerson University

Political Donations

$500

2008

Adam Hasner

Investments

Details Hidden

Dialogue Technologies, Inc.

Dialogue Technologies, Inc. engages in the provision of health care services. It offers telemedicine and employee benefits services. The company was founded by Cherif Habib, Alexis Smirnov, and Anna Chif in 2016 and is headquartered in Montreal, Canada.

Details Hidden

CollectiveHealth, Inc.

CollectiveHealth, Inc. provides self-insurance platform. Its platform helps organizations and its consultants to design, administer and optimize employee health benefit programs harnessing the power of data science and technology in ways that have simply not been possible to-date. The company was founded by Ali Diab, Kent Keirsey, Rajaie Batniji and Preston Tollinger in October 2013 and is headquartered in San Francisco, CA.

Details Hidden

Maxwell Health

DailyFeats, Inc. engages in the provision of a health-as-a-service platform. It offers an end-to-end operating system for benefits that includes a marketplace, a comprehensive benefits administration system, and a mobile platform where employees access everything benefits-related, navigate the healthcare system, and manage their health and wealth. The company was founded by Veer Gidwaney and Vinay Gidwaney on June 26, 2008 and is headquartered in Boston, MA.

Suppliers

Magic Software Enterprises Ltd. IT Consulting & Services | Or Yehuda, Isr

Magic Software Enterprises Ltd. engages in the provision of proprietary application development and business process integration platforms, vertical software solutions, and vendor of information technology (IT) outsourcing software services. It operates through Software Services and IT Professional Services segments. The Software Services segment includes proprietary and non-proprietary software technology and complementary services. The IT Professional Services segment offers services in the areas of infrastructure design and delivery; application development; technology planning and implementation services; communications services and solutions; and supplemental staffing services. The company was founded by David Assia in February 1983 and is headquartered in Or Yehuda, Israel.

A2Z Infra Engineering Ltd. Engineering, Construction & Architecture | Gurgaon, India

A2Z Infra Engineering Ltd. Engages in the provision of engineering services. It operates through the following segments: Engineering Services, Facility Management Services, Municipal Solid Waste Management, Power Generation Projects, and Others. The Engineering Services segment includes supply, erection and maintenance of electrical transmission lines including laying and maintenance of Optic Fiber Cable (OFC) and allied services to power distribution companies. The Facility Management Services segment offers services facility management and maintenance needs of commercial and retail spaces including offices, railways stations, railway coaches, airports, ports, and malls. The Municipal Solid Waste Management segment refers to door to door collection, intermediate transportation and processing of waste to compost, vermin compost, plastic recyclable and eco bricks. The Power Generation Projects segment provides solutions for clean and green energy. The Others segment represents trading of goods, and renting of equipment. The company was founded by Amit Indrasen Mittal on January 7, 2002 and is headquartered in Gurgaon, India.

Castlight Health, Inc. Medical Support Services | San Francisco, CA

Castlight Health, Inc. engages in the provision of healthcare information technology solutions. It offers health benefits platforms which enables benefit leaders to communicate and measure their programs. The company was founded by Todd Y. Park, Bryan E. Roberts, and Giovanni M. Colella in January 2008 and is headquartered in San Francisco, CA.

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