SUN Life Financial Inc key statistics and ratios

In fiscal 2025, SUN Life Financial Inc had return on equity of 14.3%, a net margin of 8.5% and debt equal to 33.3% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

SUN Life Financial Inc: financial ratios, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Net margin	9.0%	7.6%	9.7%	6.8%	5.8%	11.3%	51.0%	7.7%	8.1%	8.5%
Free-cash-flow margin	12.4%	6.1%	13.9%	5.9%	16.4%	−5.4%	—	13.3%	6.2%	6.3%
Return on equity	11.9%	10.1%	11.5%	11.5%	10.0%	17.7%	13.4%	13.6%	12.8%	14.3%
Return on assets	1.0%	0.8%	1.0%	1.0%	0.8%	1.2%	0.9%	1.0%	0.9%	0.9%
Asset turnover	0.11	0.11	0.10	0.14	0.13	0.11	0.02	0.12	0.11	0.11
Debt to equity	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	29.6%	26.2%	24.2%	33.3%
Effective tax rate	18.0%	10.8%	17.0%	8.8%	15.1%	14.3%	15.1%	11.7%	24.0%	21.2%
Capital spending as % of revenue	0.5%	0.6%	0.3%	0.3%	0.4%	0.2%	—	0.4%	0.4%	0.3%
Free cash flow ÷ net income	137.0%	80.4%	143.3%	87.0%	284.0%	−48.0%	—	171.9%	76.4%	74.7%
Dividends ÷ net income	41.6%	51.5%	46.9%	48.6%	54.4%	35.4%	56.8%	59.5%	62.7%	58.1%
Dividends and buybacks ÷ free cash flow	30.4%	73.8%	49.8%	80.9%	22.0%	—	—	38.0%	117.9%	142.1%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from SUN Life Financial Inc's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to SUN Life Financial Inc.