Sun Life Financial Inc. showed strong growth in its latest earnings report, exceeding expectations and performing well across its business segments.
On August 6, 2026, Sun Life Financial Inc. (SLF.TO) announced its second-quarter earnings for the fiscal period ending June 30, 2026. The company reported an underlying EPS of $2.02, which is 3.6% higher than the consensus estimate of $1.95. This continues a positive trend for Sun Life, as it has beaten EPS estimates in three of the last four quarters.
Recent earnings trend
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Sun Life Financial Inc.
SLF.TO
SLF.TO
Sun Life Financial Inc.
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Market cap
$63.26B
P/E
19.4x
Div. yield
3.18%
Div. / share
$3.68
52W high
$118.99
52W low
$74.86
1W change
-1.77%
Beta
0.82
Analyst Price Targets
Based on analyst covering SLF
Wall Street analysts forecast SLF stock price to fall 3.5% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$110.29
-3.5% Upside
Current Price
C$114.25
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on SLF's historical volatility
30-Day Vol
16.1%
Annualized
90-Day Vol
17.9%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$136.59
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$121.26 | C$114.71 – C$128.18 |
| 60 trading days | C$128.69 | C$118.97 – C$139.21 |
| 90 trading days | C$136.59 | C$124.06 – C$150.38 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 9 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-04 | — | 2.0300 | — |
| 2026-06-30 | 2026-08-06 | 2.0200 | 1.9500 | +3.6% |
| 2026-03-31 | 2026-05-06 | 1.8900 | 1.8900 | +0.0% |
| 2025-12-31 | 2026-02-11 | 1.9600 | 1.8700 | +4.8% |
| 2025-09-30 | 2025-11-05 | 1.8600 | 1.8300 | +1.6% |
| 2025-06-30 | 2025-08-07 | 1.7900 | 1.7700 | +1.1% |
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Investor takeaway: Investors should note that Sun Life's solid performance is fueled by strong growth in insurance sales and underlying net income, especially in Canada and Asia. However, there are challenges in certain areas, like the U.S. dental business, that could affect future earnings.
Underlying EPS Grows 13% YoY, Surpassing Estimates
Sun Life's underlying net income rose to $1.12 billion, showing strong performance in its Canadian, U.S., and Asian markets.
Bull case
Sun Life's earnings grew by 13% year-over-year, and its strong LICAT ratio of 145% underscores its financial stability and ability to take advantage of market opportunities. The company’s diversified strategy and solid capital position lay a strong foundation for future growth.
Bear case
Despite the positive earnings, Sun Life faces ongoing challenges in its U.S. dental business and competitive pressures in Asia that could slow growth. Additionally, high outflows in its asset management segment may impact future earnings.
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