Sun Life Financial Management
Management criteria checks 3/4
Sun Life Financial's CEO is Kevin Strain, appointed in Feb 2021, has a tenure of 2.75 years. total yearly compensation is CA$9.43M, comprised of 10.6% salary and 89.4% bonuses, including company stock and options. directly owns 0.006% of the company’s shares, worth $1.63M. The average tenure of the management team and the board of directors is 4.4 years and 2.8 years respectively.
Key information
Kevin Strain
Chief executive officer
CA$9.4m
Total compensation
| CEO salary percentage | 10.6% |
| CEO tenure | 2.8yrs |
| CEO ownership | 0.006% |
| Management average tenure | 4.4yrs |
| Board average tenure | 2.8yrs |
Recent management updates
Recent updates
Sun Life Financial: Neutral Rating Maintained, A 5% Dividend Yield Quick Pick
Nov 01A Sizzling 4% Dividend Yield At Sun Life, But Valuation Overheated
Jul 24Sun Life Financial: Growth Consistent With My Original Thesis
Feb 24Sun Life Financial declares CAD 0.72 dividend
Feb 08Sun Life unit to be exclusive insurance provider for Dah Sing Bank customers in Hong Kong
Jan 20Sun Life Financial to redeem $400M of subordinated debentures
Sep 26Sun Life Financial to pick up majority stake in Advisors Asset Management for $214M
Sep 01Sun Life Financial: A No-Brainer Buy
Aug 21Sun Life Financial declares CAD 0.69 dividend
Aug 03Sun Life Financial: This High-Dividend Insurer Can Thrive In A High-Rate Environment
Apr 28Sun Life: A Top Dividend Pick For 2022
Jan 24Sun Life Financial: Expanding The U.S. Platform With Dentaquest Acquisition
Oct 18Sun Life Financial declares CAD 0.55 dividend
May 05CEO Compensation Analysis
| Date | Total Comp. | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | CA$4b |
| Jun 30 2023 | n/a | n/a | CA$3b |
| Mar 31 2023 | n/a | n/a | CA$3b |
| Dec 31 2022 | CA$9m | CA$1m | CA$3b |
| Sep 30 2022 | n/a | n/a | CA$3b |
| Jun 30 2022 | n/a | n/a | CA$4b |
| Mar 31 2022 | n/a | n/a | CA$4b |
| Dec 31 2021 | CA$11m | CA$863k | CA$4b |
| Sep 30 2021 | n/a | n/a | CA$4b |
| Jun 30 2021 | n/a | n/a | CA$3b |
| Mar 31 2021 | n/a | n/a | CA$3b |
| Dec 31 2020 | CA$5m | CA$638k | CA$2b |
| Sep 30 2020 | n/a | n/a | CA$2b |
| Jun 30 2020 | n/a | n/a | CA$2b |
| Mar 31 2020 | n/a | n/a | CA$2b |
| Dec 31 2019 | CA$3m | CA$623k | CA$3b |
| Sep 30 2019 | n/a | n/a | CA$2b |
| Jun 30 2019 | n/a | n/a | CA$2b |
| Mar 31 2019 | n/a | n/a | CA$2b |
| Dec 31 2018 | CA$4m | CA$600k | CA$3b |
| Sep 30 2018 | n/a | n/a | CA$2b |
| Jun 30 2018 | n/a | n/a | CA$2b |
| Mar 31 2018 | n/a | n/a | CA$2b |
| Dec 31 2017 | CA$5m | CA$577k | CA$2b |
| Sep 30 2017 | n/a | n/a | CA$3b |
| Jun 30 2017 | n/a | n/a | CA$3b |
| Mar 31 2017 | n/a | n/a | CA$2b |
| Dec 31 2016 | CA$3m | CA$494k | CA$2b |
Compensation vs Market: Kevin's total compensation ($USD6.95M) is below average for companies of similar size in the US market ($USD12.24M).
Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.
CEO
Kevin Strain (57 yo)
2.8yrs
Tenure
CA$9,426,014
Compensation
Mr. Kevin David Strain, CPA, CA, has been President and Director at Sun Life Financial Inc. since February 15, 2021 and serves as Chief Executive Officer since August 7, 2021. Mr. Strain serves as a Direct...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | CA$9.43m | 0.0055% CA$ 1.6m | |
| Executive VP & CFO | 2.7yrs | CA$3.89m | 0.00017% CA$ 50.1k | |
| President of SLC Management | 9.7yrs | CA$12.50m | no data | |
| President of Sun Life U.S. | 9.7yrs | CA$5.46m | 0.00073% CA$ 215.0k | |
| President of Sun Life Canada | 5.8yrs | CA$4.52m | 0.0014% CA$ 406.4k | |
| Executive VP and Chief Information & Technology Innovation Officer | 3.4yrs | no data | 0.00010% CA$ 29.4k | |
| Senior VP of Capital Management & Investor Relations | less than a year | no data | no data | |
| Executive VP and Chief Legal Officer & Public Policy Officer | 8.5yrs | no data | 0.0025% CA$ 745.0k | |
| Senior VP & Chief Compliance Officer | less than a year | no data | no data | |
| Vice President of Corporate Communications | no data | no data | no data | |
| Executive Vice President of Sales | no data | no data | no data | |
| Executive VP and Chief People & Culture Officer | 5.4yrs | no data | 0.00068% CA$ 200.2k |
4.4yrs
Average Tenure
58yo
Average Age
Experienced Management: SLF's management team is considered experienced (4.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | CA$9.43m | 0.0055% CA$ 1.6m | |
| Chairman of MFS Mclean Budden Limited and CEO | no data | no data | no data | |
| Independent Director | less than a year | no data | no data | |
| Independent Chairman | 8.1yrs | CA$385.57k | 0.000050% CA$ 14.7k | |
| Independent Corporate Director | 9.9yrs | CA$280.00k | 0.0012% CA$ 350.4k | |
| Independent Corporate Director | 11.5yrs | CA$280.00k | 0.00086% CA$ 253.2k | |
| Independent Corporate Director | 2.5yrs | CA$251.00k | 0.000040% CA$ 11.8k | |
| Independent Corporate Director | 2.5yrs | CA$245.00k | 0.000040% CA$ 11.8k | |
| Independent Corporate Director | 6.8yrs | CA$267.40k | 0.0023% CA$ 689.0k | |
| Independent Corporate Director | 1.9yrs | CA$257.00k | 0.00021% CA$ 61.8k | |
| Independent Corporate Director | 5.5yrs | CA$292.00k | 0.00025% CA$ 73.6k | |
| Independent Corporate Director | 2.1yrs | CA$245.00k | 0.000070% CA$ 20.6k |
2.8yrs
Average Tenure
63yo
Average Age
Experienced Board: SLF's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.