- Business
- Sun Life Financial Inc. provides asset management, wealth management, insurance and health solutions to individual and institutional clients worldwide. The company offers a broad range of products and services including permanent, term and universal life insurance; health, dental, critical illness and long-term care insurance; group benefits such as disability, absence management, life and stop-loss coverage; mutual funds, annuities, pensions, guaranteed investment certificates, trust services and banking services; as well as institutional investment options through subsidiaries like MFS Investment Management for individual and institutional investors, SLC Management encompassing fixed-income strategies via Prime Advisors and Ryan Labs Asset Management plus real estate through BentallGreenOak, and joint ventures such as Aditya Birla Sun Life in India. Sun Life operates primarily in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda, with assets under management exceeding CAD$1.3 trillion as of 2024. Founded in 1865 and headquartered at 1 York Street in Toronto, Ontario, the company recently announced a CAD$1 billion Series 2025-2 subordinated unsecured debenture offering in December 2025 to support acquisitions of remaining interests in SLC Management affiliates BentallGreenOak and Crescent Capital Group LP, subsidiary investments and strategic growth; restructured in third-quarter 2025 to accelerate expansion across asset management, insurance and wealth businesses; and renamed its Sun Life Tactical ETF Portfolios to Sun Life ETF+ Portfolios effective December 8, 2025 with updated fees and sub-advisors.