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Sun Life Financial (TSX:SLF.PR.B.PFD) Payments on Behalf of Employees

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Payments on Behalf of Employees only applicable to companies reporting Cash Flow from Operations in direct method.

Sun Life Financial (TSX:SLF.PR.B.PFD) Business Description

Sun Life Financial logo
1 York Street, 31st Floor, Toronto, ON, CAN, M5J 0B6
Sun Life provides life insurance, retirement, and asset management products to individuals and corporate customers in Canada, the United States, and Asia. The company's investment management business contributes approximately 38% of its adjusted earnings and has around CAD 900 billion in assets under management as of third-quarter 2022. The Canada business contributes about 32% of adjusted earnings and provides individual life and health insurance, group insurance, retirement services, and wealth management solutions. The U.S. business contributes approximately 14% of earnings and is mainly focused on providing group insurance products and managing the in-force life insurance policies. Finally, the Asia segment contributes around 16% of earnings.