- Business
- Sun Life Financial Inc. provides a diverse range of financial services, including life insurance, health insurance, investments, asset management, wealth management, pensions, annuities, mutual funds, trust services and banking services; it offers permanent, term and universal life insurance, as well as health, dental, critical illness and long-term care insurance. Headquartered in Toronto, Ontario, Canada, the company was founded in 1865 and operates internationally in Canada, the United States, Asia (including China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore and Vietnam) and other markets, managing over CAD$1.3 trillion in assets as of 2024. Through subsidiaries such as MFS Investment Management for individual and institutional investors, SLC Management for pension plans, insurance companies and institutional clients (encompassing fixed-income units like Prime Advisors and Ryan Labs, and real estate via BentallGreenOak), and joint ventures including Aditya Birla Sun Life in India and Sun Life Everbright in China, Sun Life serves individuals, corporate customers and institutional investors worldwide. Recent developments include a hiring push in its asset management division to strengthen partnerships with insurers, reinsurers, banks, sovereign funds and global wealth managers as of November 2025, alongside an announcement of subordinated unsecured debentures offering in late November 2025 for general corporate purposes, and sustained asset growth reflected in third-quarter 2025 results with improved fee income from higher assets under management.