Below are the financial statements of Sun Life Financial, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of CAD | 2024 | 2023 |
|---|---|---|
| Insurance service result | — | — |
| Insurance revenue | 22.64a | 21.36a |
| Insurance service expenses | -19.63a | -18.45a |
| Reinsurance contract held net income (expenses) | 0.09a | -0.07a |
| Net insurance service result | 3.09a | 2.84a |
| Investment result | — | — |
| Investment result excluding result for account of segregated fund holders | — | — |
| Net investment income (loss) | 7.42a | 11.59a |
| Insurance finance income (expenses) from insurance contracts issued | -5.14a | -9.68a |
| Insurance finance income (expenses) from reinsurance contracts held | 0.05a | 0.06a |
| Decrease (increase) in investment contract liabilities | -0.39a | -0.33a |
| Net investment result excluding result for account of segregated fund holders | 1.93a | 1.64a |
| Investment result for insurance contracts for account of segregated fund holders | — | — |
| Investment income (loss) on investments for account of segregated fund holders | 2.32a | 1.79a |
| Insurance finance income (expenses) | -2.32a | -1.79a |
| Net investment result for insurance contracts for account of segregated fund holders | 0a | 0a |
| Net investment result | 1.93a | 1.64a |
| Fee income | 8.58a | 7.83a |
| Other expenses (income) | — | — |
| Other income | -0.16a | -0.17a |
| Operating expenses and commissions | -8.77a | -8a |
| Interest expenses | -0.66a | -0.55a |
| Total other expenses (income) | 9.27a | 8.38a |
| Income (loss) before income taxes | 4.34a | 3.93a |
| Income tax expense (benefit) | 1.04a | 0.46a |
| Total net income (loss) | 3.3a | 3.47a |
| Net income (loss) allocated to the participating account | 0.04a | 0.18a |
| Net income (loss) attributable to non-controlling interests | 0.13a | 0.13a |
| Shareholders' net income (loss) | 3.13a | 3.17a |
| Dividends on preferred shares and distributions on other equity instruments | 0.08a | 0.08a |
| Common shareholders' net income (loss) | 3.05a | 3.09a |
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