Sun Life Financial Future Growth

Future criteria checks 2/6

Sun Life Financial is forecast to grow earnings and revenue by 7.2% and 8.3% per annum respectively. EPS is expected to grow by 8.2% per annum. Return on equity is forecast to be 18.3% in 3 years.

Key information

7.2%

Earnings growth rate

8.2%

EPS growth rate

Insurance earnings growth	7.1%
Revenue growth rate	8.3%
Future return on equity	18.3%
Analyst coverage	Good
Last updated	16 Apr 2024

Recent future growth updates

Recent updates

Sun Life Financial's (TSE:SLF) Shareholders Will Receive A Bigger Dividend Than Last Year

May 15

Sun Life Financial's (TSE:SLF) Dividend Will Be Increased To CA$0.72

Nov 16

These Analysts Think Sun Life Financial Inc.'s (TSE:SLF) Sales Are Under Threat

Aug 22

Sun Life Financial's (TSE:SLF) Upcoming Dividend Will Be Larger Than Last Year's

May 30

Analysts Have Just Cut Their Sun Life Financial Inc. (TSE:SLF) Revenue Estimates By 14%

May 21

Sun Life Financial (TSE:SLF) Has Announced That It Will Be Increasing Its Dividend To CA$0.69

May 16

Earnings and Revenue Growth Forecasts

TSX:SLF - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	49,327	4,222	N/A	11,182	1
12/31/2025	47,246	4,095	N/A	10,593	1
12/31/2024	45,372	3,816	N/A	9,905	1
12/31/2023	30,850	3,086	5,440	5,612	N/A
9/30/2023	26,402	3,691	2,967	3,123	N/A
6/30/2023	25,254	2,931	2,998	3,108	N/A
3/31/2023	24,616	3,201	4,753	4,802	N/A
12/31/2022	27,767	2,871	4,311	4,311	N/A
9/30/2022	32,958	2,784	1,375	1,397	N/A
6/30/2022	34,650	3,692	354	397	N/A
3/31/2022	40,484	3,662	-1,409	-1,315	N/A
12/31/2021	35,688	3,934	-1,938	-1,857	N/A
9/30/2021	34,342	3,600	1,204	1,303	N/A
6/30/2021	35,864	3,331	3,451	3,573	N/A
3/31/2021	38,381	2,950	6,269	6,396	N/A
12/31/2020	43,337	2,404	7,095	7,253	N/A
9/30/2020	40,213	2,379	7,550	7,713	N/A
6/30/2020	39,797	2,310	4,602	4,738	N/A
3/31/2020	34,757	2,386	3,425	3,545	N/A
12/31/2019	39,679	2,618	2,360	2,474	N/A
9/30/2019	39,334	2,479	2,617	2,737	N/A
6/30/2019	35,716	2,365	3,543	3,675	N/A
3/31/2019	32,396	2,476	2,061	2,177	N/A
12/31/2018	26,997	2,522	3,749	3,834	N/A
9/30/2018	27,465	2,149	2,519	2,601	N/A
6/30/2018	27,022	2,399	2,020	2,113	N/A
3/31/2018	28,318	2,267	2,893	3,032	N/A
12/31/2017	29,334	2,149	1,802	1,984	N/A
9/30/2017	23,052	2,670	N/A	2,711	N/A
6/30/2017	25,389	2,590	N/A	2,721	N/A
3/31/2017	26,800	2,496	N/A	2,729	N/A
12/31/2016	28,573	2,485	N/A	3,668	N/A
9/30/2016	31,774	2,293	N/A	4,027	N/A
6/30/2016	28,575	2,038	N/A	4,652	N/A
3/31/2016	20,724	2,284	N/A	3,892	N/A
12/31/2015	19,274	2,185	N/A	4,461	N/A
9/30/2015	21,082	2,151	N/A	2,661	N/A
6/30/2015	22,003	2,104	N/A	2,354	N/A
3/31/2015	26,636	1,803	N/A	2,527	N/A
12/31/2014	25,764	1,762	N/A	1,804	N/A
9/30/2014	23,099	1,831	N/A	1,755	N/A
6/30/2014	21,641	1,720	N/A	1,412	N/A
3/31/2014	16,544	1,686	N/A	-178	N/A
12/31/2013	13,874	1,696	N/A	627	N/A
9/30/2013	13,472	1,409	N/A	1,055	N/A
6/30/2013	14,268	1,526	N/A	-40	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SLF's forecast earnings growth (7.2% per year) is above the savings rate (2%).

Earnings vs Market: SLF's earnings (7.2% per year) are forecast to grow slower than the Canadian market (12% per year).

High Growth Earnings: SLF's earnings are forecast to grow, but not significantly.

Revenue vs Market: SLF's revenue (8.3% per year) is forecast to grow faster than the Canadian market (6.6% per year).

High Growth Revenue: SLF's revenue (8.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SLF's Return on Equity is forecast to be low in 3 years time (18.3%).

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Sun Life Financial Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus forecasts updated

Consensus forecasts updated

Consensus forecasts updated

Consensus revenue estimates fall by 12%

Consensus forecasts updated

Recent updates

Sun Life Financial Inc. Announces the Appointment of Timothy (Tim) Deacon as Executive Vice-President, Effective April 8, 2024

Sun Life Financial Inc. to Report Q2, 2024 Results on Aug 12, 2024

Sun Life Financial Inc. Announces Dividend for the Quarter Ended December 31, 2023, Payable on March 28, 2024

Sun Life Financial Inc. Appoints Manjit Singh as New President of Sun Life Asia Effective March 18, 2024

Sun Life Financial Inc. Appoints Ingrid G. Johnson as Vice Chair, Strategic Partnerships

Sun Life Financial Inc. Announces Title Change of Executive Officer Melissa J. Kennedy

Sun Life Financial Inc. to Report Q4, 2023 Results on Feb 07, 2024

Sun Life Financial Inc. Declares Dividend on Common Shares, Payable on September 29, 2023

Sun Life Financial Inc. (TSX:SLF) entered into an agreement to acquire a 74.8% stake in Dialogue Health Technologies Inc. (TSX:CARE) from a group of shareholders for approximately CAD 270 million.

Sun Life Financial Inc. (TSX:SLF) entered into an agreement to acquire a 74.8% stake in Dialogue Health Technologies Inc. (TSX:CARE) from a group of shareholders for approximately CAD 270 million.

Sun Life Financial Inc. Appoints David Garg as Senior Vice-President, Corporate Development and Investor Relations

Sun Life Financial Inc. Announces Executive Changes

Upcoming dividend of CA$0.75 per share at 4.5% yield

Sun Life Financial's (TSE:SLF) Shareholders Will Receive A Bigger Dividend Than Last Year

First quarter 2023 earnings released

Sun Life Financial Inc. Increases Common Share Dividend, Payable on June 30, 2023

Upcoming dividend of CA$0.72 per share at 4.2% yield

President recently bought CA$68k worth of stock

President exercised options and sold CA$1.5m worth of stock

Full year 2022 earnings released

Sun Life Financial Inc., Sun Life Assurance Company of Canada, Annual General Meeting, May 11, 2023

Sun Life Financial Inc. Appoints Joseph Natale to Board of Directors, Effective February 7, 2023

Sun Life Financial Inc. (TSX:SLF) completed the acquisition of a 51% stake in Advisors Asset Management, Inc.

Sun Life Financial Inc. Appoints Laurie Hylton to Board of Directors

Consensus forecasts updated

Sun Life Financial Inc. Appoints Laurie Hylton to Board of Directors, Effective December 31, 2022

Independent Corporate Director recently bought CA$75k worth of stock

President of Sun Life U.S. exercised options and sold CA$285k worth of stock

Consensus forecasts updated

Sun Life Financial's (TSE:SLF) Dividend Will Be Increased To CA$0.72

High number of new directors

Sun Life Financial Inc. Announces Executive Changes, Effective December 1, 2022

Third quarter 2022 earnings released: EPS: CA$0.80 (vs CA$1.74 in 3Q 2021)

Sun Life Financial Inc. Increases Common Share Dividend, Payable December 30, 2022

Sun Life Financial Inc. to Report Q1, 2023 Results on May 11, 2023

Sun Life Financial Inc. (TSX:SLF) announced intent to acquire a 51% stake in Advisors Asset Management, Inc. for approximately $210 million.

President recently bought CA$463k worth of stock

These Analysts Think Sun Life Financial Inc.'s (TSE:SLF) Sales Are Under Threat

Sun Life Financial Inc. Announces Executive Changes

Consensus forecasts updated

Upcoming dividend of CA$0.69 per share

Phoenix Group Holdings plc (LSE:PHNX) entered into an agreement to acquire SLF of Canada UK Limited from Sun Life Financial Inc. (TSX:SLF) for approximately £250 million.

Second quarter 2022 earnings released: EPS: CA$1.34 (vs CA$1.54 in 2Q 2021)

Sun Life Financial Inc. Appoints Chris Wei as Executive Vice-President and Chief Client and Innovation Officer

Sun Life Financial Inc. Announces Management Changes

Sun Life Financial's (TSE:SLF) Upcoming Dividend Will Be Larger Than Last Year's

Upcoming dividend of CA$0.69 per share

Analysts Have Just Cut Their Sun Life Financial Inc. (TSE:SLF) Revenue Estimates By 14%

Consensus revenue estimates fall by 12%

Sun Life Financial (TSE:SLF) Has Announced That It Will Be Increasing Its Dividend To CA$0.69

High number of new directors

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Sun Life Financial Inc. Announces Board Appointments

Sun Life Financial Inc. Declares Dividend on Common Shares, Payable on June 30, 2022

Here's Why We Think Sun Life Financial (TSE:SLF) Is Well Worth Watching

Upcoming dividend of CA$0.66 per share

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Sun Life Financial Inc. Declares Quarterly Dividend, Payable on March 31, 2022

Here's Why I Think Sun Life Financial (TSE:SLF) Is An Interesting Stock

Consensus forecasts updated

Insider recently bought CA$1.5m worth of stock

Upcoming dividend of CA$0.66 per share

President of SLC Management exercised options and sold CA$2.0m worth of stock

Sun Life Financial (TSE:SLF) Has Re-Affirmed Its Dividend Of CA$0.55

Third quarter 2021 earnings released: EPS CA$1.74 (vs CA$1.28 in 3Q 2020)

Is Now The Time To Put Sun Life Financial (TSE:SLF) On Your Watchlist?

Sun Life Financial (TSE:SLF) Has Re-Affirmed Its Dividend Of CA$0.55

Upcoming dividend of CA$0.55 per share

Sun Life Financial (TSE:SLF) Will Pay A Dividend Of CA$0.55

CEO & Director Dean Connor has left the company