Sun Life Financial (SLF)
Market Price (3/30/2026): $61.39 | Market Cap: $34.0 BilSector: Financials | Industry: Multi-line Insurance
Sun Life Financial (SLF)
Market Price (3/30/2026): $61.39Market Cap: $34.0 BilSector: FinancialsIndustry: Multi-line Insurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.1%, FCF Yield is 7.8% | Weak multi-year price returns3Y Excs Rtn is -6.4% | Key risksSLF key risks include [1] market volatility driving net outflows in its MFS asset management division and [2] asset risk within its commercial real estate (CRE) portfolio. |
| Attractive cash flow generationCFO LTM is 2.8 Bil, FCF LTM is 2.7 Bil | ||
| Low stock price volatilityVol 12M is 21% | ||
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, AI in Financial Services, and Sustainable Finance. Themes include Wealth Management Technology, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.1%, FCF Yield is 7.8% |
| Attractive cash flow generationCFO LTM is 2.8 Bil, FCF LTM is 2.7 Bil |
| Low stock price volatilityVol 12M is 21% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, AI in Financial Services, and Sustainable Finance. Themes include Wealth Management Technology, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -6.4% |
| Key risksSLF key risks include [1] market volatility driving net outflows in its MFS asset management division and [2] asset risk within its commercial real estate (CRE) portfolio. |
Qualitative Assessment
AI Analysis | Feedback
1. Strong Fourth Quarter 2025 Financial Performance Exceeded Expectations.
Sun Life Financial reported robust financial results for the fourth quarter and full year ended December 31, 2025, which were announced on February 11, 2026. The company's underlying net income increased by $129 million, or 13%, from Q4 2024 to reach $1,094 million (CAD). Underlying earnings per share (EPS) grew by 17% from Q4 2024 to $1.96 (CAD), significantly surpassing analyst forecasts of CAD 1.87, representing a 4.81% positive surprise. This strong earnings beat directly contributed to a 5.8% increase in the company's stock price following the announcement.
2. Diverse Business Segment Growth and Positive 2026 Outlook.
The strong overall performance was underpinned by growth across Sun Life's core business segments. Asset Management & Wealth saw its underlying net income rise by 10%, Group - Health & Protection by 16%, and Individual - Protection by 17%. Assets under management (AUM) also increased by $62 billion, or 4%, to $1,605 billion (CAD) as of December 31, 2025. Looking forward, Sun Life projects continued growth for 2026, targeting a 20% increase in fee-related earnings and planning strategic expansion through digital offerings and investments in Asian markets.
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Stock Movement Drivers
Fundamental Drivers
The 5.3% change in SLF stock from 11/30/2025 to 3/29/2026 was primarily driven by a 14.0% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 58.28 | 61.37 | 5.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 36,209 | 38,447 | 6.2% |
| Net Income Margin (%) | 8.5% | 9.7% | 14.0% |
| P/E Multiple | 10.6 | 9.1 | -14.1% |
| Shares Outstanding (Mil) | 561 | 554 | 1.3% |
| Cumulative Contribution | 5.3% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| SLF | 5.3% | |
| Market (SPY) | -5.3% | 14.1% |
| Sector (XLF) | -10.0% | 30.5% |
Fundamental Drivers
The 7.7% change in SLF stock from 8/31/2025 to 3/29/2026 was primarily driven by a 14.2% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 56.97 | 61.37 | 7.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 39,190 | 38,447 | -1.9% |
| Net Income Margin (%) | 8.5% | 9.7% | 14.2% |
| P/E Multiple | 9.6 | 9.1 | -5.7% |
| Shares Outstanding (Mil) | 565 | 554 | 2.0% |
| Cumulative Contribution | 7.7% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| SLF | 7.7% | |
| Market (SPY) | 0.6% | 18.5% |
| Sector (XLF) | -10.8% | 29.7% |
Fundamental Drivers
The 15.7% change in SLF stock from 2/28/2025 to 3/29/2026 was primarily driven by a 11.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 53.04 | 61.37 | 15.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 34,483 | 38,447 | 11.5% |
| Net Income Margin (%) | 9.2% | 9.7% | 5.9% |
| P/E Multiple | 9.6 | 9.1 | -5.3% |
| Shares Outstanding (Mil) | 573 | 554 | 3.4% |
| Cumulative Contribution | 15.7% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| SLF | 15.7% | |
| Market (SPY) | 9.8% | 43.0% |
| Sector (XLF) | -7.1% | 48.8% |
Fundamental Drivers
The 45.3% change in SLF stock from 2/28/2023 to 3/29/2026 was primarily driven by a 1021.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.23 | 61.37 | 45.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,429 | 38,447 | 1021.2% |
| Net Income Margin (%) | 88.2% | 9.7% | -89.0% |
| P/E Multiple | 8.2 | 9.1 | 10.9% |
| Shares Outstanding (Mil) | 586 | 554 | 5.8% |
| Cumulative Contribution | 45.3% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| SLF | 45.3% | |
| Market (SPY) | 69.4% | 47.0% |
| Sector (XLF) | 40.5% | 54.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SLF Return | 30% | -13% | 17% | 19% | 10% | 2% | 76% |
| Peers Return | 13% | 6% | 10% | 20% | 12% | -10% | 59% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| SLF Win Rate | 75% | 42% | 58% | 50% | 58% | 67% | |
| Peers Win Rate | 50% | 52% | 52% | 52% | 58% | 27% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| SLF Max Drawdown | -1% | -28% | -4% | -7% | -9% | -2% | |
| Peers Max Drawdown | -15% | -17% | -17% | -3% | -14% | -14% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: L, GNW, KMPR, HMN, AIG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | SLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -33.0% | -25.4% |
| % Gain to Breakeven | 49.2% | 34.1% |
| Time to Breakeven | 723 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -51.3% | -33.9% |
| % Gain to Breakeven | 105.3% | 51.3% |
| Time to Breakeven | 336 days | 148 days |
| 2018 Correction | ||
| % Loss | -27.7% | -19.8% |
| % Gain to Breakeven | 38.3% | 24.7% |
| Time to Breakeven | 267 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -80.1% | -56.8% |
| % Gain to Breakeven | 402.2% | 131.3% |
| Time to Breakeven | 4,720 days | 1,480 days |
Compare to L, GNW, KMPR, HMN, AIG
In The Past
Sun Life Financial's stock fell -33.0% during the 2022 Inflation Shock from a high on 2/9/2022. A -33.0% loss requires a 49.2% gain to breakeven.
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About Sun Life Financial (SLF)
AI Analysis | Feedback
Here are a few analogies for Sun Life Financial:
- It's like **Prudential Financial** for insurance and wealth management.
- Imagine **MetLife** and **Fidelity Investments** rolled into one company.
AI Analysis | Feedback
```html- Life Insurance: Offers various types of life insurance, including term and permanent coverage.
- Health & Specialty Insurance: Provides personal health, dental, critical illness, long-term care, and disability insurance products.
- Reinsurance: Offers insurance products to other insurance companies.
- Investment Management: Provides investment counselling and portfolio management services to clients.
- Mutual Funds & Segregated Funds: Offers a range of investment products for individuals and institutions.
- Trust & Banking Services: Provides trust administration and banking-related services.
- Real Estate Services: Offers property brokerage and appraisal services for real estate.
- Merchant Banking: Provides financial services such as direct equity investments and advisory roles to companies.
AI Analysis | Feedback
```htmlSun Life Financial (SLF) serves a diverse client base that includes individuals and various types of corporate clients. Based on the provided description, it does not primarily sell to a small number of identifiable companies. Instead, its customer base can be categorized as follows:
- Individuals: This category includes personal customers who purchase a wide range of insurance products such as term and permanent life, personal health, dental, critical illness, long-term care, and disability insurance. Individuals also utilize Sun Life's wealth management solutions, including investment counselling, portfolio management services, mutual funds, and segregated funds.
- Corporate Clients: This segment consists of businesses and organizations that leverage Sun Life's expertise for their group benefits needs (e.g., group life, health, and disability plans for employees), as well as asset management services for their corporate funds or pension plans. Corporate clients may also use trust, banking, and merchant banking services.
- Other Insurance Companies: Sun Life provides reinsurance products, meaning it acts as an insurer for other insurance companies, helping them manage their own risk exposures.
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Kevin D. Strain, President & Chief Executive Officer
Kevin D. Strain was appointed President and Chief Executive Officer of Sun Life in August 2021. He joined Sun Life in 2002 following the acquisition of Clarica, where he had been since 1997. Prior to that, he was an auditor at Ernst & Young. At Sun Life, he has held several senior roles, including Vice-President of Investor Relations and Senior Vice-President of the Individual Insurance and Investments division in Canada. In 2012, he became President, Sun Life Asia, responsible for growth and partner relationships in the region. He was appointed Chief Financial Officer in 2017. He is a Chartered Accountant and holds a Master of Accounting degree from the University of Waterloo.
Timothy (Tim) Deacon, Executive Vice-President and Chief Financial Officer
Timothy Deacon was appointed Executive Vice-President and Chief Financial Officer of Sun Life, effective April 8, 2024. He joined Sun Life from the Ontario Teachers' Pension Plan Board, where he served as Chief Financial Officer for three years, starting in 2021. Before the Ontario Teachers' Pension Plan Board, he held executive roles at Manulife, including Group Controller and Global Chief Accounting Officer, and Executive Vice-President and CFO of its Global Wealth and Asset Management business. Prior to Manulife, he was a director at PwC LLP in the Global Capital Markets Group. He has over 20 years of global experience in insurance, wealth and asset management, investments, and capital markets. He holds a Bachelor of Commerce from Queen's University and is a Fellow of the Chartered Professional Accountants of Ontario (FCPA) and a U.S. Certified Public Accountant in the State of Illinois.
Linda Dougherty, Executive Vice-President, Chief Strategy and Enablement Officer
Linda Dougherty joined Sun Life in 2015. She is responsible for developing and executing the company's growth strategy, programmatic mergers and acquisitions, and investments in global partnerships. Before joining Sun Life, she spent over 20 years with TD Bank Group, where she held senior roles in strategy, corporate development, analytics, client experience, and transformation in the banking and wealth management businesses. Her prior experience also includes working in mergers and acquisitions and private equity in TD Bank's capital markets division, as an equity analyst in Singapore, and as a management consultant in New York and London. She was also a Director at Q9 Networks, Inc. and a Principal at Birch Hill Equity Partners Management, Inc., which invests in middle-market companies.
Dan Fishbein, M.D., Executive Chair, Sun Life U.S.
Dan Fishbein joined Sun Life in 2014. He assumed the role of Executive Chair, Sun Life U.S. on September 1, 2025, after serving 11 years as President, Sun Life U.S. During his tenure as president, he transformed the company into a leader in health-related benefits and services. Before Sun Life, he spent 16 years at Aetna, leading health plans, product development, and specialty businesses. Earlier in his career, he helped establish one of the first insurer physician and hospital networks with MassMutual and led NYLCare Health Plan of Maine. He has overseen several successful acquisitions at Sun Life, including DentaQuest (2022), PinnacleCare (2021), Maxwell Health (2018), and Assurant Employee Benefits (2016).
Jacques Goulet, Executive Vice-President and Chief Risk Officer
Jacques Goulet joined Sun Life in 2018 as President, Sun Life Canada, and now serves as Executive Vice-President and Chief Risk Officer. Prior to Sun Life, he had a 29-year career at Mercer, holding various leadership roles in Canada, Europe, and the U.S., including President, Health and Wealth, where he was responsible for global retirement, health, investment consulting, and investment management businesses. He holds a Bachelor of Science in Actuarial Science from Concordia University and is a Fellow of both the Society of Actuaries (FSA) and the Canadian Institute of Actuaries.
AI Analysis | Feedback
Here are the key risks to Sun Life Financial (SLF):- Concentration Risk in Asset Management: Sun Life's Asset Management & Wealth segment, particularly MFS Investment Management, is a significant contributor to the company's profitability, representing nearly 47.7% of its total underlying net income in the third quarter of 2025. This creates a concentration risk. The segment also faces challenges such as margin compression across the asset management industry and net outflows.
- Mortality and Actuarial Pricing Assumptions: As a life insurer, Sun Life Financial's profitability is sensitive to the accuracy of its mortality and actuarial pricing assumptions. Deviations from expected experience in areas like policyholder behavior, mortality, morbidity, and longevity can significantly impact product performance and financial results.
- Geopolitical and Economic Risks in Asia: Sun Life has a significant growth strategy and presence in Asia, with a substantial portion of its Hong Kong business originating from China. This exposes the company to potential risks arising from economic and political instability in the region, which could affect its growth and profitability targets.
AI Analysis | Feedback
The emergence and growth of digital-first competitors in the insurtech and wealthtech sectors, leveraging advanced technologies such as artificial intelligence, machine learning, and data analytics to offer streamlined, personalized, and often lower-cost insurance and wealth management products. These companies frequently employ direct-to-consumer models, challenging traditional distribution channels and established customer acquisition methods for Sun Life Financial's core offerings in life, health, disability insurance, investment counselling, mutual funds, and segregated funds.
AI Analysis | Feedback
Addressable Markets for Sun Life Financial's Main Products and Services
Sun Life Financial (SLF) operates in various financial services, including insurance, wealth, and asset management. The addressable markets for its main products and services are significant across its key regions of operation.
Insurance Products
-
Life Insurance:
- Global: The global life insurance market size was estimated at USD 8.25 trillion in 2025 and is predicted to increase to approximately USD 18.03 trillion by 2034.
- Canada: The market size for Life Insurance and Annuities in Canada was approximately USD 117.6 billion in 2024. This market is expected to reach USD 149.34 billion by 2030.
- U.S.: The U.S. life insurance market size was estimated at USD 1.93 trillion in 2024 and is predicted to be worth around USD 4.74 trillion by 2034.
- Asia Pacific: The Asia-Pacific (APAC) life insurance industry is projected to grow from an estimated USD 1.2 trillion in 2025 to USD 1.6 trillion in 2029.
-
Health Insurance:
- Global: The global health insurance market size was valued at USD 2.32 trillion in 2025 and is projected to grow from USD 2.53 trillion in 2026 to USD 5.5 trillion by 2034.
- U.S.: The United States health and medical insurance market is estimated to be USD 1.65 trillion in 2026 and is projected to reach USD 2.15 trillion by 2031.
-
Reinsurance:
- Global: The global reinsurance market size was valued at USD 621.39 billion in 2025 and is projected to grow from USD 673.28 billion in 2026 to USD 1,403.7 billion by 2034.
Wealth and Asset Management Solutions
-
Asset Management (Assets Under Management - AuM):
- Global: Global assets under management (AuM) are expected to climb from US $139 trillion in 2024 to $200 trillion by 2030.
- Canada: The Canada asset management market size is USD 5.49 trillion in 2026 and is projected to reach USD 9.07 trillion by 2031.
- Asia Pacific (Wealth Management): The APAC Wealth Management Market size is estimated at USD 34.38 trillion in 2025 and is expected to reach USD 50.80 trillion by 2030.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Sun Life Financial (SLF) over the next 2-3 years:
- Expansion and Strong Sales Growth in Asian Markets: Sun Life Financial anticipates continued robust growth from its Asian businesses, with strong performance observed in individual protection sales and wealth management earnings, particularly in regions like India. The company has seen significant increases in individual protection sales in India through its banca and direct channels.
- Growth in Asset Management and Wealth Solutions: This segment is expected to be a significant growth engine, driven by higher fee income from increased Assets Under Management (AUM) and strategic initiatives. Sun Life's asset management arm, SLC Management, is consolidating private asset affiliates and making acquisitions, such as a 51% interest in Advisors Asset Management, to expand its offerings and capital raising capabilities for high-net-worth individuals.
- Continued Business Growth and Strategic Pricing in Group and Individual Protection Segments: Sun Life expects revenue growth from its Group - Health & Protection and Individual - Protection businesses in both Canada and the U.S. This includes favorable insurance experience, higher large-case sales, and improved dental results. Notably, the U.S. stop-loss business has seen strong sales growth, supported by strategic price increases on renewal business to maintain target margins.
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Share Repurchases
- Between August 29, 2024, and May 7, 2025, Sun Life Financial repurchased 13,018,997 common shares under its 2024 Normal Course Issuer Bid (NCIB).
- As of June 4, 2025, Sun Life Financial completed the repurchase of 14,429,085 common shares under its 2024 NCIB at a weighted average price of approximately $81.49 per share.
- Sun Life Financial was authorized to purchase up to an additional 10,570,915 common shares under its 2025 NCIB, which commenced on June 9, 2025, and is expected to continue until May 21, 2026.
Share Issuance
- The number of common shares outstanding decreased from 573.9 million in Q4 2024 to 553.8 million in Q4 2025, indicating a net reduction in shares.
Outbound Investments
- Sun Life Financial committed to $20 billion in new sustainable investments over the five years following its 2021 Annual Report.
- SLC Management generated net inflows of $5.9 billion in Q4 2025 from capital raising.
- BentallGreenOak (BGO) closed its inaugural U.S. Industrial Strategies fund, raising US$800 million in Q4 2025, which included data center co-investment.
Trade Ideas
Select ideas related to SLF.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02282026 | NDAQ | Nasdaq | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | JEF | Jefferies Financial | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | ALAB | Astera Labs | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | PAYO | Payoneer Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | FOUR | Shift4 Payments | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.83 |
| Mkt Cap | 12.3 |
| Rev LTM | 12,641 |
| Op Inc LTM | - |
| FCF LTM | 1,604 |
| FCF 3Y Avg | 1,604 |
| CFO LTM | 1,692 |
| CFO 3Y Avg | 1,920 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.2% |
| Rev Chg 3Y Avg | 2.8% |
| Rev Chg Q | 2.3% |
| QoQ Delta Rev Chg LTM | 0.6% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 12.3% |
| CFO/Rev 3Y Avg | 12.3% |
| FCF/Rev LTM | 12.0% |
| FCF/Rev 3Y Avg | 12.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 12.3 |
| P/S | 1.0 |
| P/EBIT | 7.6 |
| P/E | 12.5 |
| P/CFO | 8.1 |
| Total Yield | 10.7% |
| Dividend Yield | 1.3% |
| FCF Yield 3Y Avg | 10.8% |
| D/E | 0.5 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -5.9% |
| 3M Rtn | -10.4% |
| 6M Rtn | -5.8% |
| 12M Rtn | 7.7% |
| 3Y Rtn | 54.1% |
| 1M Excs Rtn | 0.9% |
| 3M Excs Rtn | -2.7% |
| 6M Excs Rtn | -1.2% |
| 12M Excs Rtn | -4.3% |
| 3Y Excs Rtn | -4.1% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| United States (U.S.) | 11,721 | 9,004 | 5,998 | 8,138 | 8,064 |
| Canada | 8,165 | 8,111 | 18,858 | 21,632 | 20,389 |
| Asia | 1,385 | 1,323 | 5,096 | 7,872 | 5,804 |
| Corporate | 85 | 464 | 258 | 980 | 1,132 |
| Asset Management | 0 | 0 | 5,855 | 5,037 | 4,554 |
| Consolidation adjustments | 0 | 0 | -377 | -322 | -264 |
| Total | 21,356 | 18,902 | 35,688 | 43,337 | 39,679 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Canada | 1,252 | 1,241 | 1,558 | 717 | 883 |
| Asset Management | 1,067 | 1,148 | 892 | 980 | 897 |
| United States (U.S.) | 576 | 532 | 499 | 257 | 163 |
| Asia | 511 | 210 | 1,075 | 594 | 594 |
| Consolidation adjustments | 0 | 0 | 0 | 0 | 0 |
| Corporate | -241 | -190 | 11 | -50 | 188 |
| Total | 3,165 | 2,941 | 4,035 | 2,498 | 2,725 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Canada | 235,801 | 216,465 | 110,499 | 106,318 | 94,909 |
| Asia | 44,480 | 42,909 | 37,661 | 36,414 | 31,285 |
| United States (U.S.) | 35,234 | 31,138 | 33,391 | 33,790 | 34,711 |
| Asset Management | 9,979 | 11,576 | 10,024 | 6,957 | 5,666 |
| Corporate | 8,804 | 21,837 | 14,187 | 13,897 | 13,930 |
| Consolidation adjustments | -1,057 | -317 | -388 | -286 | -272 |
| Investments for account of segregated fund holders | 139,996 | 125,921 | 116,973 | ||
| Total | 333,241 | 323,608 | 345,370 | 323,011 | 297,202 |
Price Behavior
| Market Price | $61.37 | |
| Market Cap ($ Bil) | 34.0 | |
| First Trading Date | 03/23/2000 | |
| Distance from 52W High | -9.7% | |
| 50 Days | 200 Days | |
| DMA Price | $63.82 | $60.37 |
| DMA Trend | indeterminate | up |
| Distance from DMA | -3.8% | 1.7% |
| 3M | 1YR | |
| Volatility | 20.6% | 20.7% |
| Downside Capture | 0.22 | 0.33 |
| Upside Capture | 44.87 | 51.26 |
| Correlation (SPY) | 14.6% | 40.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.30 | -0.06 | -0.01 | 0.19 | 0.46 | 0.57 |
| Up Beta | 0.78 | 0.25 | 0.11 | 0.11 | 0.40 | 0.57 |
| Down Beta | -1.86 | -0.76 | -0.59 | -0.27 | 0.49 | 0.53 |
| Up Capture | 23% | 43% | 60% | 56% | 46% | 30% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 12 | 22 | 35 | 68 | 138 | 401 |
| Down Capture | -57% | -8% | -16% | 31% | 53% | 80% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 9 | 18 | 25 | 54 | 110 | 345 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SLF | |
|---|---|---|---|---|
| SLF | 12.5% | 20.6% | 0.47 | - |
| Sector ETF (XLF) | -4.0% | 19.2% | -0.33 | 46.3% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 40.1% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 7.4% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 4.1% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 44.4% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 18.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SLF | |
|---|---|---|---|---|
| SLF | 8.2% | 19.0% | 0.32 | - |
| Sector ETF (XLF) | 9.1% | 18.7% | 0.37 | 64.2% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 57.9% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 13.2% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 20.9% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 53.3% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 22.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SLF | |
|---|---|---|---|---|
| SLF | 11.0% | 22.8% | 0.45 | - |
| Sector ETF (XLF) | 12.0% | 22.1% | 0.50 | 73.7% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 67.1% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 4.2% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 31.5% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 56.3% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 17.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/12/2026 | 40-F |
| 09/30/2025 | 11/06/2025 | 6-K |
| 06/30/2025 | 08/08/2025 | 6-K |
| 03/31/2025 | 05/09/2025 | 6-K |
| 12/31/2024 | 02/13/2025 | 40-F |
| 09/30/2024 | 11/05/2024 | 6-K |
| 06/30/2024 | 08/13/2024 | 6-K |
| 03/31/2024 | 05/10/2024 | 6-K |
| 12/31/2023 | 02/08/2024 | 40-F |
| 09/30/2023 | 11/14/2023 | 6-K |
| 06/30/2023 | 08/09/2023 | 6-K |
| 03/31/2023 | 05/12/2023 | 6-K |
| 12/31/2022 | 02/09/2023 | 40-F |
| 09/30/2022 | 11/03/2022 | 6-K |
| 06/30/2022 | 08/04/2022 | 6-K |
| 03/31/2022 | 05/12/2022 | 6-K |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Multi-line Insurance Resources |
| Insurance Business America |
| A.M. Best |
| National Underwriter |
| Insurance News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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