Welcome to our dedicated page for Sun Life Finl news (Ticker: SLF), a resource for investors and traders seeking the latest updates and insights on Sun Life Finl stock.
News for Sun Life Financial Inc. (SLF) reflects its role as an international financial services organization focused on asset management, wealth, insurance and health solutions for individual and institutional clients. Because Sun Life operates in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda, its news flow spans multiple regions and business lines.
Investors and followers of SLF can expect regular updates on corporate announcements, including news releases furnished on Form 6-K, shareholder reports and other disclosures tied to its Form 40-F reporting framework. Coverage often highlights Sun Life’s asset management scale, its life and health insurance activities, and developments in its wealth and benefits businesses across different markets.
A significant portion of Sun Life’s recent news relates to Sun Life U.S., which is described as one of the largest providers of employee and government benefits in the United States. Articles cover topics such as employee benefits offerings (dental, vision, disability, absence management, life, supplemental health, medical stop-loss insurance and healthcare navigation), workplace culture and recognition as a top employer in various U.S. cities, and partnerships with organizations like the Boston Celtics, the Kansas City Royals Foundation and community health nonprofits.
Readers will also see stories about health access and philanthropy, including the Health Access Hero Awards administered by Sun Life U.S. and DentaQuest, and campaigns like #SunLifeDunk4Diabetes and Strikeout Diabetes that support diabetes prevention, oral health and community wellness programs. In addition, Sun Life issues news on technology and benefits education initiatives, such as making its benefits accessible on Pasito, an AI-powered benefits education and communications platform.
This news page aggregates these items so that investors, clients and observers can follow Sun Life’s corporate developments, benefits initiatives, community partnerships and regulatory news in one place.
On September 30, 2021, Sun Life and the Kansas City Royals raised over $21,000 for the Boys & Girls Clubs of Greater Kansas City through the Strikeout Diabetes program. For each Royals strikeout, Sun Life donated $21 to support local youth health initiatives. This collaboration aims to combat diabetes, affecting a person every 21 seconds in the U.S. The donation highlights Sun Life's commitment to community support, having previously donated over $21 million to diabetes-related causes globally.
Sun Life Financial Inc. (TSX: SLF, NYSE: SLF) announced the successful redemption of all issued Class A Non-Cumulative Preferred Shares Series 1 and Series 2. This strategic move, completed on September 29, 2021, enhances the company's capital structure and reflects its commitment to optimizing shareholder value. As of June 30, 2021, Sun Life managed total assets of $1.36 trillion across various global markets, positioning itself as a leading international financial services organization.
Leonardo Dionicio, vice president of the Technology Foundation for Sun Life U.S., has been recognized for the second consecutive year in the HITEC 100 list, celebrating influential Hispanic IT professionals. Dionicio has contributed to advancing Sun Life's digital capabilities and managing business continuity during the pandemic. The HITEC 100 will be virtually celebrated on December 9, 2021. Sun Life, with total assets under management of C$1.36 trillion as of June 30, 2021, aims to enhance diversity in the technology sector through various recruitment and development initiatives.
Sun Life Financial announced that on September 30, 2021, 525,503 Series 10R preferred shares will convert to Series 11QR shares, while 444,247 Series 11QR shares will revert to Series 10R. Post-conversion, there will be 6,838,672 Series 10R shares and 1,161,328 Series 11QR shares outstanding. Each share can potentially be redeemed for $25.00 with regulatory approval starting September 30, 2026. Additionally, the shares are not registered under U.S. securities law and thus cannot be offered in the U.S.
Sun Life U.S. has announced the launch of its AbsenceTech Bundle, designed to assist employers in managing absence compliance while allowing self-administration. This innovative solution combines expert support from Sun Life with Presagia's Leave Genius Pro technology, enabling employers to comply with federal and state leave laws efficiently. The AbsenceTech Bundle is tailored for companies with 100+ employees, effective January 1, 2022, and aims to provide a balanced approach to absence management, addressing the diverse needs of various employers.
On September 9, 2021, Sun Life launched Health Navigator, powered by PinnacleCare, to assist individuals in navigating complex healthcare systems. This service provides personalized support to obtain accurate diagnoses and treatment options, enhancing healthcare experiences and outcomes. Health Advisors connect members with a national network of specialists and treatment centers. Additionally, this service is integrated with stop-loss coverage for employers, aimed at reducing healthcare costs. As of June 30, 2021, Sun Life held assets worth C$1.36 trillion.
Sun Life has announced the dividend rates for its Class A Non-Cumulative Rate Reset Preferred Shares Series 10R and Series 11QR, effective from September 30, 2021. The Series 10R Shares will pay a dividend of 2.967% per annum, equating to $0.185438 per share quarterly, while the Series 11QR Shares will offer a floating rate of 2.357% per annum or $0.148523 per share for the period ending December 30, 2021. Investors have until September 15, 2021, to exercise conversion rights. The shares are not registered in the U.S., and the announcement reflects the company's ongoing commitment to shareholder returns.
Sun Life U.S. will relocate its Connecticut office to One Financial Plaza in Hartford, occupying 47,000 square feet. This move is designed to strengthen talent acquisition in a key insurance market. The new office will accommodate up to 450 employees, enhancing operational efficiency with modern amenities. The relocation is seen as a positive signal for Hartford's economic recovery post-pandemic, reinforcing the city's business ecosystem. Design work starts in early 2022, with a planned occupancy in September 2022.
FAQ
What is the current stock price of Sun Life Finl (SLF)?
What is the market cap of Sun Life Finl (SLF)?
