NYSE$SLF

Sun Life Financial Inc · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

Sun Life Q1 2026: underlying EPS $1.89 as protection growth offsets asset-management headwinds

Sun Life Financial reported Q1 2026 results on May 6, 2026, with underlying net income of $1.05 billion, up modestly from $1.045 billion a year earlier, and underlying EPS of $1.89 (+4% YoY). Reported net income fell 50% to $465 million ($0.84 EPS) due to market-related impacts, a $165 million charge from buying out remaining SLC Management affiliate interests, and a $145 million proposed legal settlement charge in Canada. Underlying ROE was 18.6% versus 17.7% prior year. Assets under management rose to $1.575 trillion (+$23 billion YoY). Asia, Canada, and U.S. Health & Risk Solutions drove protection-business growth, while Sun Life Asset Management underlying earnings declined on lower catch-up fees and higher corporate financing costs. The board increased the quarterly dividend to $0.96 from $0.92 and intends to renew a normal course issuer bid for up to 10 million shares.

  • Underlying net income was $1.05 billion with underlying EPS of $1.89 (+4% YoY); reported EPS fell to $0.84 on notable charges.
  • Assets under management reached $1.575 trillion; SLF Inc. LICAT ratio ended the quarter at 143%.
  • Asia underlying earnings rose 17% on Hong Kong growth; Canada rose 7% on higher fees and premiums.
  • Sun Life Asset Management gross flows rose 5% but underlying net income fell 3% on lower SLC Management catch-up fees.
  • Quarterly dividend increased to $0.96 per share; company plans to renew NCIB for up to 10 million shares.

Headline financials

EPS (adj)

C$1.89

No prior period
Underlying return on equity

18.6%

No prior period
Assets under management

C$1.58T

No prior period
LICAT ratio (SLF Inc.)

143.0%

No prior period
Net Income

C$465M

No prior period

Revenue & EPS history

Sun Life · Revenue · Quarterly

C$11.2B

Q3 2024+86%vs Q3 2023
Beat estimate in 8 of 12 quarters(67%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.5%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+0.3%

Avg return

30 days after

59%

35 / 59 earnings

Positive

+11.3%

Q3 2016

Best reaction

-6.3%

Q4 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%-3.4%+0.8%
Q3 2025-4.2%-6.0%-5.0%
Q2 2025+3.6%+5.1%+8.9%
Q3 2024+3.9%+6.5%+11.3%
Q3 2023+5.1%+6.4%+9.7%
Q2 2023-2.1%-2.8%-7.1%
Q1 2023-0.9%+1.3%+4.4%
Q4 2022+1.1%+2.5%-7.4%
Q3 2022+1.3%+4.7%+11.6%
Q2 2022+3.5%+3.5%-3.3%
Q1 2022-4.2%-2.9%-2.0%
Q4 2021-5.6%-7.5%-8.8%
Q3 2021-0.3%+0.2%-7.2%
Q2 2021+0.1%+0.8%-0.2%
Q1 2021+0.6%+0.9%+0.0%
Q4 2020+1.4%+0.7%+6.7%
Q3 2020+3.5%+8.4%+7.2%
Q2 2020+2.1%+5.4%+3.3%
Q1 2020+1.9%+5.0%+14.1%
Q4 2019+0.8%+2.8%-28.7%
Q3 2019+1.5%+1.1%-2.4%
Q2 2019-3.1%-6.6%-1.6%
Q1 2019-1.7%-4.1%-0.6%
Q4 2018-0.7%+4.3%+7.9%
Q3 2018-0.9%-1.7%-8.3%
Q2 2018+1.1%-1.5%-2.3%
Q1 2018-0.8%+3.9%+3.1%
Q4 2017+4.1%+4.9%+3.5%
Q3 2017-0.1%-0.6%+4.1%
Q2 2017-2.5%+0.8%-0.4%
Q1 2017-3.1%-5.7%-5.7%
Q4 2016-4.5%-4.8%-7.6%
Q3 2016+11.3%+13.4%+16.2%
Q2 2016-1.5%-1.3%-3.4%
Q1 2016+3.0%
Q4 2015-2.2%
Q3 2015-2.3%
Q2 2015+6.0%
Q1 2015+1.5%
Q4 2014-6.3%
Q3 2014-1.9%
Q2 2014+0.5%
Q1 2014+0.7%
Q4 2013-2.1%
Q3 2013+3.9%
Q2 2013+4.0%
Q1 2013-1.3%
Q4 2012+3.3%
Q3 2012+1.0%
Q2 2012+1.0%
Q1 2012+2.3%
Q4 2011+4.1%
Q3 2011-6.1%
Q2 2011+4.5%
Q1 2011+0.6%
Q4 2010+2.5%
Q3 2010+0.9%
Q2 2010-1.3%
Q1 2010+0.7%

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