Sun Life Financial (SLF) financial statements
Sun Life Financial reported revenue of 41.9B CAD in fiscal 2025, up 4.3% a year over 9 years.
Net income was 3.6B CAD.
Free cash flow was 2.7B CAD, and the company returned 2.1B CAD in dividends and 1.7B CAD in net buybacks.
The diluted share count fell 9% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions (CAD).
Income statement
Fiscal years, in CAD, from Sun Life Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 28.6B CAD | 29.3B CAD | 27.0B CAD | 39.7B CAD | 43.3B CAD | 35.7B CAD | 5.8B CAD | 40.9B CAD | 38.8B CAD | 41.9B CAD |
| Interest expense | 316M CAD | 303M CAD | 305M CAD | 333M CAD | 355M CAD | 327M CAD | 445M CAD | 552M CAD | 664M CAD | 526M CAD |
| Pre-tax income | 3.4B CAD | 2.8B CAD | 3.5B CAD | 3.2B CAD | 3.3B CAD | 5.1B CAD | 3.6B CAD | 3.9B CAD | 4.3B CAD | 4.8B CAD |
| Income tax | 619M CAD | 302M CAD | 597M CAD | 286M CAD | 495M CAD | 727M CAD | 546M CAD | 461M CAD | 1.0B CAD | 1.0B CAD |
| Net income | 2.6B CAD | 2.2B CAD | 2.6B CAD | 2.7B CAD | 2.5B CAD | 4.0B CAD | 2.9B CAD | 3.2B CAD | 3.1B CAD | 3.6B CAD |
| EPS (diluted) | 4.03 CAD | 3.49 CAD | 4.14 CAD | 4.40 CAD | 4.10 CAD | 6.69 CAD | 4.89 CAD | 5.26 CAD | 5.26 CAD | 6.15 CAD |
| Diluted shares | 619M | 618M | 611M | 597M | 589M | 590M | 589M | 589M | 582M | 566M |
| Net margin | 9.0% | 7.6% | 9.7% | 6.8% | 5.8% | 11.3% | 51.0% | 7.7% | 8.1% | 8.5% |
Balance sheet
Fiscal years, in CAD, from Sun Life Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | 8.5B CAD | 8.8B CAD | 9.4B CAD | 9.5B CAD | 13.5B CAD | 12.1B CAD | 11.2B CAD | 13.2B CAD | 13.7B CAD | 14.8B CAD |
| Property, plant and equipment | 659M CAD | 624M CAD | 621M CAD | 630M CAD | 664M CAD | 612M CAD | 607M CAD | 666M CAD | 667M CAD | 651M CAD |
| Goodwill | 5.3B CAD | 5.2B CAD | 5.4B CAD | 5.8B CAD | 6.1B CAD | 6.5B CAD | 8.7B CAD | 9.0B CAD | 9.5B CAD | 9.5B CAD |
| Total assets | 258.2B CAD | 269.1B CAD | 271.8B CAD | 297.2B CAD | 323.0B CAD | 349.1B CAD | 323.6B CAD | 333.2B CAD | 370.7B CAD | 398.5B CAD |
| Total liabilities | 235.9B CAD | 246.1B CAD | 247.3B CAD | 272.7B CAD | 297.1B CAD | 326.9B CAD | 300.7B CAD | 309.0B CAD | 344.6B CAD | 373.0B CAD |
| Shareholders' equity | 22.0B CAD | 22.3B CAD | 23.7B CAD | 23.4B CAD | 24.5B CAD | 22.0B CAD | 22.5B CAD | 23.6B CAD | 25.6B CAD | 24.5B CAD |
| Net debt | -6.5B CAD | -6.0B CAD | -7.2B CAD | -6.7B CAD | -10.6B CAD | -7.7B CAD | -9.4B CAD | -11.2B CAD | -10.0B CAD | -9.6B CAD |
Cash flow
Fiscal years, in CAD, from Sun Life Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3.7B CAD | 2.0B CAD | 3.8B CAD | 2.5B CAD | 7.3B CAD | -1.9B CAD | 4.3B CAD | 5.6B CAD | 2.5B CAD | 2.8B CAD |
| Capital spending | 131M CAD | 182M CAD | 85M CAD | 114M CAD | 158M CAD | 81M CAD | — | 172M CAD | 143M CAD | 145M CAD |
| Free cash flow | 3.5B CAD | 1.8B CAD | 3.7B CAD | 2.4B CAD | 7.1B CAD | -1.9B CAD | — | 5.4B CAD | 2.4B CAD | 2.7B CAD |
| Dividends paid | 1.1B CAD | 1.2B CAD | 1.2B CAD | 1.3B CAD | 1.4B CAD | 1.4B CAD | 1.7B CAD | 1.9B CAD | 2.0B CAD | 2.1B CAD |
| Share buybacks (net) | 0 CAD | -175M CAD | -641M CAD | -592M CAD | -200M CAD | 0 CAD | 0 CAD | -186M CAD | -855M CAD | -1.7B CAD |
| Free cash flow margin | 12.4% | 6.1% | 13.9% | 5.9% | 16.4% | -5.4% | — | 13.3% | 6.2% | 6.3% |
| Dividends per share | 1.74 CAD | 1.87 CAD | 2.01 CAD | 2.21 CAD | 2.31 CAD | 2.42 CAD | 2.84 CAD | 3.20 CAD | 3.37 CAD | 3.65 CAD |
Questions
What was Sun Life Financial's revenue in 2025?
41.9B CAD in fiscal 2025, from its 10-K filing.
How much free cash flow does Sun Life Financial generate?
2.7B CAD in fiscal 2025 (operating cash flow minus capital spending).
From Sun Life Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.