Financial Ratios Sun Life Financial Inc.

Equities

SLF

CA8667961053

Life & Health Insurance

Market Closed - Toronto S.E. Other stock markets 04:00:00 2025-01-17 pm EST			5-day change	1st Jan Change
85.16 ^CAD	+0.21%		+2.99%	-0.22%

Jan. 15	Sun Life Financial Shares Rise After Upgrade From National Bank	MT
Jan. 15	Sun Life Upgraded to Outperform, Target Raised to $95, at National Bank	MT

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Published financial data: SUN LIFE FINANCIAL INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Premiums and Annuity Revenues	20.29B	23.74B	23.05B	26.86B	21.36B
Total Interest And Dividend Income	5.86B	5.41B	6.27B	6.15B	1.99B
Gain (Loss) on Sale of Investments, Total (Rev)	7.28B	7.31B	-1.64B	-17.74B	-
Other Revenues, Total	6.25B	6.88B	8B	8.05B	7.5B
Total Revenues	39.68B	43.34B	35.69B	23.32B	30.85B
Policy Benefits	28.62B	31.89B	21.21B	8.85B	15.32B
Policy Acquisition / Underwriting Costs, Total	2.42B	2.61B	-	-	1.38B
Selling General & Admin Expenses, Total	7.02B	7.39B	11.81B	12.18B	10B
Other Operating Expenses	406M	428M	-	-	-
Reinsurance Income Or Expense	2.13B	2.35B	2.42B	2.14B	-
Total Operating Expenses	36.33B	39.97B	30.59B	18.88B	26.69B
Operating Income	3.35B	3.37B	5.1B	4.44B	4.16B
Interest Expense, Total	-333M	-355M	-327M	-445M	-552M
Currency Exchange Gains (Loss)	-	-	-	-	-23M
Other Non Operating Income (Expenses)	-	-	-	-	67M
EBT, Excl. Unusual Items	3.02B	3.02B	4.77B	4B	3.65B
Restructuring Charges	-	-	-	-	-
Total Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-170M	-
Gain (Loss) on Sale of Assets	-	-	-	-	102M
Asset Writedown	-15M	-11M	-9M	-18M	-
EBT, Incl. Unusual Items	3B	3B	4.76B	3.81B	3.75B
Income Tax Expense	286M	495M	727M	621M	461M
Earnings From Continuing Operations	2.72B	2.51B	4.04B	3.19B	3.29B
Net Income to Company	2.72B	2.51B	4.04B	3.19B	3.29B
Minority Interest	-4M	-11M	-	-56M	-126M
Net Income - (IS)	2.71B	2.5B	4.04B	3.13B	3.16B
Preferred Dividend and Other Adjustments	95M	94M	101M	70M	79M
Net Income to Common Incl Extra Items	2.62B	2.4B	3.93B	3.06B	3.09B
Net Income to Common Excl. Extra Items	2.62B	2.4B	3.93B	3.06B	3.09B
Per Share Items
Net EPS - Basic	4.42	4.11	6.71	5.22	5.27
Basic EPS - Continuing Operations	4.42	4.11	6.71	5.22	5.27
Basic Weighted Average Shares Outstanding	592M	585M	586M	586M	586M
Net EPS - Diluted	4.4	4.1	6.68	5.21	5.26
Diluted EPS - Continuing Operations	4.4	4.1	6.68	5.21	5.26
Diluted Weighted Average Shares Outstanding	597M	589M	590M	589M	589M
Normalized Basic EPS	3.18	3.2	5.09	4.17	3.68
Normalized Diluted EPS	3.15	3.18	5.05	4.14	3.66
Dividend Per Share	2.1	2.2	2.31	2.76	3
Payout Ratio	48.58	54.44	35.39	53.39	59.46
Supplemental Items
EBITDA	3.66B	3.7B	5.46B	4.86B	4.64B
EBITA	3.42B	3.45B	5.21B	4.61B	4.39B
EBIT	3.35B	3.37B	5.1B	4.44B	4.16B
Total Revenues (As Reported)	39.68B	43.34B	35.69B	23.32B	-
Effective Tax Rate - (Ratio)	9.52	16.48	15.27	16.31	12.29
Total Current Taxes	540M	866M	923M	714M	1.35B
Total Deferred Taxes	-254M	-371M	-196M	-93M	-885M
Normalized Net Income	1.88B	1.87B	2.98B	2.44B	2.16B
Interest on Long-Term Debt	249M	209M	186M	279M	241M
Non-Cash Pension Expense	10M	11M	7M	6M	-3M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	549M	540M	757M	227M	491M
Stock-Based Comp., Other (Total)	-	-	529M	168M	309M
Total Stock-Based Compensation	549M	540M	1.29B	395M	800M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Investment In Debt Securities	13.71B	11.26B	12.73B	13.14B	14.31B
Investment In Equity and Preferred Securities, Total	313M	262M	1.58B	324M	1.72B
Trading Asset Securities, Total	76.58B	88.95B	88.91B	75.83B	68.67B
Real Estate Owned	7.31B	7.52B	9.11B	10.1B	9.72B
Mortgage Loans	16.22B	15.43B	15.48B	15.36B	14.14B
Policy Loans	3.22B	3.26B	3.26B	3.35B	-
Total Other Investments	5.2B	5.31B	8.78B	7.51B	12.36B
Total investments	123B	132B	140B	126B	121B
Cash And Equivalents	6.72B	10.65B	7.83B	9.38B	11.17B
Reinsurance Recoverable - (IS)	4.02B	3.84B	3.68B	4.8B	5.79B
Other Receivables - (Insurance Template)	35.08B	37.46B	39.58B	45.89B	44.18B
Deferred Policy Acquisition Costs - (BS)	139M	150M	172M	158M	152M
Separate Account Assets	117B	126B	140B	125B	128B
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	1.4B	1.39B	1.31B	1.36B	1.45B
Goodwill	5.83B	6.07B	6.52B	8.7B	8.97B
Other Intangibles, Total	2.08B	2.48B	3.37B	4.72B	5.17B
Other Current Assets, Total	669M	1.08B	1.05B	2.48B	2.9B
Deferred Tax Assets Long-Term (Collected)	1.46B	1.63B	1.85B	2.28B	3.88B
Other Long-Term Assets, Total	280M	344M	176M	213M	185M
Total Assets	297B	323B	345B	331B	333B
Liabilities
Accounts Payable, Total	1.9B	2.44B	1.87B	2.64B	2.49B
Accrued Expenses, Total	3.25B	3.72B	4.26B	4.21B	4.43B
Insurance And Annuity Liabilities	131B	146B	148B	140B	136B
Reinsurance Payable - (BS)	-	-	-	-	1.62B
Current Portion of Long-Term Debt	-	300M	441M	2.34B	2.4B
Current Portion of Leases	-	-	151M	168M	188M
Short-Term Borrowings	1.88B	2.21B	2.46B	2.73B	2.7B
Long-Term Debt	8.36B	7.77B	11.01B	13.26B	12.69B
Long-Term Leases	902M	864M	699M	784M	801M
Trust Preferred Securities (BS)	200M	200M	200M	200M	200M
Separate Account Liability	117B	126B	140B	125B	128B
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	956M	-	-	-	-
Pension & Other Post Retirement Benefits	675M	625M	528M	268M	355M
Deferred Tax Liability Non-Current	406M	383M	322M	630M	281M
Other Non Current Liabilities	6.01B	6.94B	7.55B	8.58B	16.74B
Total Liabilities	273B	297B	317B	302B	309B
Preferred Stock Redeemable	2.26B	2.26B	2.24B	2.24B	2.24B
Total Preferred Equity	2.26B	2.26B	2.24B	2.24B	2.24B
Common Stock, Total	8.29B	8.26B	8.3B	8.31B	8.33B
Additional Paid In Capital	73M	72M	71M	90M	94M
Retained Earnings	11.32B	12.29B	14.71B	16.16B	12.16B
Comprehensive Income and Other	2.55B	2.96B	2.69B	2.49B	1.22B
Total Common Equity	22.23B	23.58B	25.78B	27.05B	21.8B
Minority Interest	19M	25M	59M	90M	161M
Total Equity	24.51B	25.86B	28.07B	29.38B	24.2B
Total Liabilities And Equity	297B	323B	345B	331B	333B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	588M	585M	586M	586M	585M
ECS Total Common Shares Outstanding	588M	585M	586M	586M	585M
Book Value / Share	37.82	40.3	43.98	46.13	37.29
Tangible Book Value	14.32B	15.03B	15.89B	13.62B	7.66B
Tangible Book Value Per Share	24.36	25.69	27.11	23.22	13.1
Total Debt	11.34B	11.35B	14.96B	19.49B	18.99B
Net Debt	4.62B	696M	7.13B	10.11B	7.82B
Debt Equivalent of Unfunded Proj. Benefit Obligation	209M	151M	193M	-36M	90M
Minority Interest, Total (Incl. Fin. Div)	19M	25M	59M	90M	161M
Equity Method Investments, Total	-	-	-	-	1.66B
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Full Time Employees	22.72K	23.82K	-	29.17K	30.94K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.71B	2.5B	4.04B	3.13B	3.16B
Depreciation, Depletion & Amortization	241M	250M	245M	241M	249M
Amortization of Goodwill and Intangible Assets - (CF)	64M	78M	114M	174M	231M
Total Depreciation, Depletion & Amortization	305M	328M	359M	415M	480M
Amortization of Deferred Charges, Total	73M	78M	79M	113M	113M
(Gain) Loss on Sale of Investments - (CF)	-7.28B	-7.31B	1.64B	17.74B	-4.66B
Net (Increase) Decrease in Loans Originated / Sold - Operating	264M	197M	95M	151M	-39M
Reinsurance Recoverable - (CF)	-28M	204M	86M	-951M	10M
Change in insurance Reserves / Liabilities	11.43B	14.92B	2.42B	-11.21B	6.77B
Change in Other Net Operating Assets (Collected)	-	-	-	-	331M
Other Operating Activities	-4.93B	-3.66B	-10.56B	-5.07B	-560M
Cash from Operations	2.55B	7.25B	-1.86B	4.31B	5.61B
Capital Expenditure	-114M	-158M	-81M	-	-172M
Sale of Property, Plant, and Equipment	-	-	-	71M	-
Cash Acquisitions	-167M	-469M	-412M	-2.63B	-439M
Divestitures	-	-	-	-	297M
Investment in Marketable and Equity Securities, Total	19M	-1M	-29M	-69M	-75M
Other Investing Activities, Total	-168M	-258M	-281M	-232M	-170M
Cash from Investing	-430M	-886M	-803M	-2.86B	-559M
Long-Term Debt Issued, Total	879M	2.1B	2.13B	2.43B	638M
Total Debt Issued	879M	2.1B	2.13B	2.43B	638M
Long-Term Debt Repaid, Total	-1.18B	-2.66B	-793M	-570M	-1.25B
Total Debt Repaid	-1.18B	-2.66B	-793M	-570M	-1.25B
Issuance of Common Stock	23M	18M	36M	6M	49M
Repurchase of Common Stock	-592M	-200M	-	-	-186M
Issuance of Preferred Stock	-	-	987M	-	-
Repurchase of Preferred Stock	-	-	-1.02B	-	-
Common & Preferred Stock Dividends Paid	-1.32B	-1.36B	-1.43B	-1.67B	-1.88B
Common & Preferred Stock Dividends Paid	-1.32B	-1.36B	-1.43B	-1.67B	-1.88B
Other Financing Activities, Total	-253M	-210M	-168M	-268M	-457M
Cash from Financing	-2.44B	-2.31B	-260M	-71M	-3.09B
Foreign Exchange Rate Adjustments	-190M	-92M	-35M	302M	-169M
Net Change in Cash	-509M	3.96B	-2.96B	1.68B	1.8B
Supplemental Items
Cash Interest Paid	253M	205M	187M	270M	405M
Cash Income Tax Paid (Refund)	698M	690M	1.03B	795M	1.24B
Net Debt Issued / Repaid	-296M	-560M	1.34B	1.86B	-610M
Levered Free Cash Flow	-4.55B	-8.72B	2.81B	15.67B	2.32B
Unlevered Free Cash Flow	-4.34B	-8.49B	3.01B	15.95B	2.67B
Change In Net Working Capital	7.25B	11.39B	1.82B	-12.25B	1.15B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.74	0.68	0.95	0.82	0.79
Return on Total Capital	5.91	5.76	7.94	6.04	6.07
Return On Equity %	11.07	9.96	14.96	11.09	13.98
Return on Common Equity	11.75	10.5	15.94	11.59	14.57
Margin Analysis
Gross Profit Margin %	21.78	20.39	40.58	62.07	45.88
SG&A Margin	17.69	17.05	33.09	52.21	32.41
EBITDA Margin %	9.21	8.53	15.29	20.82	15.03
EBITA Margin %	8.61	7.96	14.6	19.78	14.23
EBIT Margin %	8.45	7.78	14.28	19.04	13.48
Income From Continuing Operations Margin %	6.85	5.79	11.31	13.66	10.67
Net Income Margin %	6.84	5.76	11.31	13.42	10.26
Net Avail. For Common Margin %	6.6	5.55	11.02	13.12	10
Normalized Net Income Margin	4.74	4.32	8.36	10.47	6.99
Levered Free Cash Flow Margin	-11.47	-20.11	7.87	67.19	7.53
Unlevered Free Cash Flow Margin	-10.94	-19.6	8.44	68.38	8.65
Asset Turnover
Asset Turnover	0.14	0.14	0.11	0.07	0.09
Fixed Assets Turnover	39.27	31.02	26.43	17.49	21.95
Receivables Turnover (Average Receivables)	42.54	45.43	46.62	44.65	180.3
Short Term Liquidity
Current Ratio	11.76	12.72	11.91	8.21	6.81
Quick Ratio	11.03	12.02	11.27	7.5	6.1
Operating Cash Flow to Current Liabilities	0.32	0.84	-0.2	0.36	0.41
Days Sales Outstanding (Average Receivables)	8.58	8.06	7.83	8.18	2.02
Average Days Payable Outstanding	23.22	22.64	37.04	92.94	88.25
Long Term Solvency
Total Debt/Equity	46.27	43.89	53.27	66.33	78.48
Total Debt / Total Capital	31.63	30.5	34.76	39.88	43.97
LT Debt/Equity	38.6	34.17	42.41	48.5	56.58
Long-Term Debt / Total Capital	26.39	23.74	27.67	29.16	31.7
Total Liabilities / Total Assets	91.75	91.99	91.87	91.12	92.74
EBIT / Interest Expense	10.06	9.49	15.59	9.98	7.53
EBITDA / Interest Expense	10.98	10.42	16.69	10.91	8.4
(EBITDA - Capex) / Interest Expense	10.64	9.97	16.44	10.91	8.09
Total Debt / EBITDA	3.1	3.07	2.74	4.01	4.09
Net Debt / EBITDA	1.26	0.19	1.31	2.08	1.69
Total Debt / (EBITDA - Capex)	3.2	3.21	2.78	4.01	4.25
Net Debt / (EBITDA - Capex)	1.31	0.2	1.33	2.08	1.75
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	46.98	9.22	-17.65	-34.65	11.1
Gross Profit, 1 Yr. Growth %	4.09	2.21	26.5	-0.03	9.61
EBITDA, 1 Yr. Growth %	-0.6	1.15	47.57	-11.03	1.13
EBITA, 1 Yr. Growth %	-4.37	0.97	51.16	-11.47	1.01
EBIT, 1 Yr. Growth %	-4.75	0.57	51.28	-12.91	-0.31
Earnings From Cont. Operations, 1 Yr. Growth %	3.86	-7.66	60.82	-21.04	9.81
Net Income, 1 Yr. Growth %	3.71	-7.92	61.53	-22.43	7.62
Normalized Net Income, 1 Yr. Growth %