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Thursday, May 9, 11:00 AM Sun Life Financial (SLF) declares $0.36/share quarterly dividend, in line with previous. Forward yield 4.95%. For shareholders of record May 29. Payable June 28. Ex-div date May 28. (PR) 3 Comments [Dividends]
Wednesday, May 8, 6:11 PM Sun Life Financial (SLF): Q1 EPS of $0.75 beats by $0.09. (PR) Comment! [Earnings, Breaking News, Financials]
Wednesday, February 13, 11:27 PM Sun Life Financial Inc (SLF) declares $0.36/share quarterly dividend, in line with previous. Forward yield 4.81%. For shareholders of record Feb. 27. Payable Mar. 28. Ex-div date Feb. 25. (PR) Comment! [Dividends]
Sunday, January 13, 5:31 AM U.K. insurer Aviva (AV) and Singapore listed CIMB Group (CIMDF.OB) have reportedly agreed to sell their Malaysian insurance JV to a consortium of Canada's Sun Life Financial (SLF) and Malaysian state investor Khazanah Nasional for 1.7B ringgit ($563M). The winning bid beat Manulife (MFC) after an 8-month auction. The sale is part of Aviva's strategy of exiting non-core ops. Comment! [Financials, M&A]
Monday, December 17, 2012, 8:04 AM Sun Life (SLF) gets rid of a headache, agreeing to sell its U.S. annuity business to Delaware Life Holdings for $1.35B. "This transaction ... significantly advances our strategy of reducing Sun Life's risk profile and earnings volatility." Conference call is set for 8:30 ET. (PR) 1 Comment [Financials, M&A]
Wednesday, November 28, 2012, 9:31 AM Going where the money is, insurers - including Prudential, Sun Life, and Manulife - line up to get a bigger piece of the growing Southeast Asian life insurance business. CIMB Group - Malaysia's 2nd largest bank - is drawing bids for the sale of its stake in a JV with Aviva, and AMMB Holdings is expected to get keen interest for a 30% piece of its life insurance operations. Comment! [Financials]
Wednesday, November 7, 2012, 6:49 PM Sun Life Financial Inc (SLF) declares C$0.36/share quarterly dividend. For shareholders of record Nov. 28. Payable Dec. 31. Ex-div Nov. 26. (PR) Comment! [Dividends]
Friday, October 26, 2012, 2:56 PM Regulators call for insurers to set aside more capital to back their non-agency MBS holdings, raising the level to 3.2% of carrying value from 2.7%. Insurers naturally disagree, arguing regulators are failing to account for the improving housing market. Backing up the new rules is a report from Pimco, whose Bill Gross might be happy to buy any of the MBS the insurers might decide to sell! Comment! [Financials]
Thursday, October 25, 2012, 5:44 AM Sun Life Financial (SLF) is looking to sell its U.S. annuities operations, which may bring in over $1B, Bloomberg reports. The Canadian insurer has drawn interest mainly from investment firms, including Guggenheim Partners, and could choose a potential buyer for exclusive talks within a few days. Comment! [M&A, Financials]
Friday, September 14, 2012, 10:18 AM The life insurance industry has its outlook cut to negative by Moody's thanks to the expectation (certainly reinforced in the last 24 hours) "that interest rates will remain in the low single digits for the next few years ... continu(ing) to erode insurers' earnings and revenues." The Fed has one word for the insurers: Leverage. 2 Comments [Financials]
Wednesday, August 8, 2012, 6:41 PM Sun Life Financial (SLF) declares $0.36/share quarterly dividend, in line with previous. Forward yield 6.40%. For shareholders of record Aug 29. Payable Sep 28. Ex-div date Aug 27. (PR) Comment! [Dividends]
Wednesday, June 20, 2012, 10:53 AM Most life insurance firm CFOs expect barely visible interest rates for several more years - not good when your business model depends on a healthier rate of return. The question is, first, how are they preparing for this environment, and second, are they protected if wrong and rates instead rise sharply? 1 Comment [Financials]
Friday, June 15, 2012, 11:38 AM Sun Life Financial's (SLF +2%) money management unit, MFS, brought in $2.5B in stock and bond mutual fund assets in May, beating nearly all of its giant competitors. MFS has suffered years of outflows, but has begun to turn around as performance has improved. Comment! [Financials]
Wednesday, June 6, 2012, 5:24 PM "Unless you owned a company in Japan to see this up close and personal, you'd never have believed we'd be where we are today," says an insurance exec of the difficulties low long-term rates are posing for life insurers. Some firms are making adjustments, others (MET) shifting focus to emerging markets, and others (ING, AV) looking to exit the market altogether. 7 Comments [Financials]
Wednesday, May 16, 2012, 4:28 AM Canadian insurer Sun Life Financial (SLF) is reportedly considering the sale of its U.K. arm as foreign firms retreat from the British market. Comment! [Financials, M&A]
Thursday, January 5, 2012, 9:03 AM Barclays' John Aiken downgrades the Canadian financial services sector to neutral, expecting domestic and global headwinds to cut into earnings growth. "The steam is dissipating from the Canadian economic engine, with greater downside risk (than forecast)," he writes. Among the individual names cut: BMO, BNS, CM, MFC, RY, SLF, TD. Comment! [Financials]

SLF Sun Life Financial, Inc.

SLF

Sun Life Financial, Inc.