EarningsQ2 2026 Earnings Report
MX:SLFN Q2 2026 EPS Results
Actual EPS$25.60
Consensus EPS$24.57
Beat/MissBeat by +$1.03
One Year Ago EPS$22.68
MX:SLFN Q2 2026 Revenue Results
Actual Revenue$177.10B
Expected Revenue$17.90B
Beat/MissBeat by +$159.20B
YoY Revenue Growth+51.93%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeAfter Close
Conference CallThursday, August 6, 2026
MX:SLFN Upcoming Earnings
Sun Life Financial's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:SLFN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
Positive — The call presented broad, double‑digit underlying EPS growth, record results in Canada, strong Asia sales and advisor expansion, accelerating asset management momentum (large fundraising and mandate wins), solid capital metrics (LICAT 145%, organic capital generation 41%), and continued investment in digital/AI. Material headwinds include MFS outflows and industry fee pressure, dental/Medicaid contraction in the U.S., and some margin/mix pressure in Asia (Hong Kong) and seasonal reserve timing in stop‑loss. On balance the company’s diversified earnings growth, capital strength, and clear operational progress outweigh the identified challenges.Company Guidance
Double‑digit underlying EPS and strong earnings
Underlying net income of CAD 1.12 billion (up from CAD 1.02 billion prior year); underlying EPS CAD 2.02, up 13% YoY; underlying return on equity 19.1%; reported net income CAD 1.01 billion versus CAD 716 million a year ago.
Robust capital position and shareholder returns
LICAT ratio 145% (up 2 percentage points QoQ); holding company cash CAD 2.3 billion; organic capital generation 41% (above 30%–40% guidance); book value per share growth 3% to CAD 42.49; returned CAD 0.5 billion via dividends (dividend yield 3.8%) and renewed NCIB (purchased 0.8 million of up to 10 million shares).
Canada delivered record results
Canada underlying net income CAD 427 million (a new record), up 23% YoY; wealth AUM/A (assets under management and administration) CAD 286 billion, up 18% YoY; Canada reported strong net inflows (CAD 1.4 billion this quarter) and insurance/short‑term insurance earnings growth (health/other short‑term line +11%).
Asia momentum and strong sales growth
Asia underlying net income increased 21% YoY; Asia individual insurance sales CAD 875 million, up 20% YoY; Hong Kong sales +20% with advisor count +28% to nearly 4,000; Indonesia sales +69%; total Asia CSM now exceeds CAD 7 billion and total company CSM CAD 15.3 billion (+12% YoY).
Asset & wealth management building scale and momentum
Sun Life Asset Management underlying net income $262 million, up 4% YoY; capital raising $4.7 billion and deployment $6.2 billion (up 8% and 42% respectively); Crescent closed $10.8 billion direct lending vehicle and Crescent/Pantheon closed a $3.2 billion private credit continuation; Aditya Birla mandate doubled AUM to $113 billion; MFS active ETF AUM doubled to $3 billion with retail ETF inflows of $0.6 billion this quarter.
U.S. stop‑loss sales surge and U.S. earnings growth
Medical stop loss sales increased 86% YoY; U.S. underlying net income increased 15% YoY; stop‑loss loss ratios reported in the mid‑70s and described as stable and in line with expectations.
Progress on digital transformation and AI deployment
Announced founding membership in an industry AI consortium; launched a proprietary agentic AI platform; deployed AI in Indonesian contact centers and agency onboarding across Asia; enhanced My Sun Life app and launched an AI concierge for advisors — all positioned to improve client experience and operational efficiency.
MX:SLFN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed