Media Relations Contact: Investor Relations Contact: Rajani Kamath David Garg TORONTO, July 31, 2024 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) is pleased to announce the appointments of Patrick Cronin and Stacey Madge to the Sun Life Board of Directors, effective July 31, 2024. Mr. Cronin sees strong alignment between key areas of Sun Life's business and strategic priorities and his own expertise, which includes a deep understanding of capital markets, financial management, mergers and a ...

About Sun Life | --- | --- | |--------------------------|-----------------------------------| | | | | Media Relations Contact: | Investor Relations Contact: | | Kim Race | David Garg | | Director | Senior Vice-President, Capital | | Corporate Communications | Management and Investor Relations | | T. 416-779-4574 | T. 416-408-8649 | | [email protected] | [email protected] | To access the call and presentation via live webcast, please click here. To access the call via telephone, please click here. Note to ed ...

Core Insights - Sun Life has partnered with Hinge Health to provide digital interventions for members with musculoskeletal (MSK) conditions, which ranked as the fifth highest cost claims from 2020 to 2023 according to Sun Life's report [1][8] - The collaboration aims to improve healthcare outcomes while reducing costs for employers and members through advanced technology and personalized care [2][8] - Hinge Health's services include the FDA-cleared Enso device for pain relief and a Women's Pelvic Health Program, which are expected to significantly lower healthcare costs and enhance care quality [2][13] Company Overview - Sun Life U.S. is a major provider of employee and government benefits, serving over 50 million Americans with a wide range of services including dental, vision, and medical stop-loss insurance [6] - As of March 31, 2024, Sun Life had total assets under management of C$1.47 trillion, indicating a strong financial position [12] - Hinge Health is recognized for its clinically validated MSK solutions, with proven results such as a 68% reduction in pain and a 42% prevention rate of new opioid prescriptions [13] Product and Service Details - The new Health 360 app by Sun Life connects members to health resources, including Hinge Health and Health Navigator Care Advisors, promoting engagement and better health outcomes [14] - Hinge Health offers personalized programs through a team of physical therapists and health coaches, utilizing technology to help members manage pain and avoid unnecessary procedures [15] - Members will have access to early intervention resources and specialized technology, including the Enso device, to support their treatment [15]

Core Insights - Sun Life Financial Inc. is focusing on strategic investments in Asia, enhancing its asset management business, and scaling up its U.S. operations, which are expected to drive growth [16] - The company has a strong capital position and aims for a medium-term return on equity (ROE) target of 18% while maintaining a 40-50% dividend payout [14] Growth Projections - The Zacks Consensus Estimate for Sun Life's 2024 earnings per share indicates a 3.6% increase from the previous year, with 2025 estimates showing an 8.9% increase [13] - Sun Life's earnings contribution from emerging Asian markets has risen to 21% from 8% over recent years, highlighting the potential for higher returns compared to North American markets [10] Business Tailwinds - Sun Life is investing in private fixed-income, mortgages, and real estate to strengthen its asset management, which is expected to provide higher returns on equity and lower volatility [3] - The company is shifting its growth focus toward products that require lower capital and offer more predictable earnings, aiming to be among the top five players in the voluntary benefits business [18] Headwinds - Sun Life has experienced an average expense increase of 11% over the past few years, primarily due to rising employee costs and other operational expenses [11] - The company is undertaking integration activities expected to yield cost savings of $60 million by 2024, which is crucial for maintaining profitability [11]

Company Overview - Sun Life U.S. operates a dental business, including DentaQuest, focused on improving oral health through outcomes-based solutions and preventive care [1] - DentaQuest manages dental and vision benefits for approximately 36 million Americans and is the largest Medicaid and CHIP dental benefits administrator in the U.S. [1] - Sun Life is a leading international financial services organization with operations in multiple markets, including Canada, the U.S., and several Asian countries [2] Financials - As of March 31, 2024, Sun Life had total assets under management of C$1.47 trillion [3] Recent Contributions - Sun Life U.S. and DentaQuest donated $50,000 to The Dimock Center to support its new Cardiometabolic Clinic, which addresses health inequities and provides care for patients with chronic conditions [5][6] - The Cardiometabolic Clinic aims to improve access to care for moderate- and high-risk patients, aligning with Sun Life's goals of expanding healthcare access [5][6] Health Integration - The integration of medical and dental care is emphasized as crucial for managing serious health conditions, with support from Sun Life and DentaQuest aimed at enhancing this integration [7] - The Dimock Center serves about 19,000 people annually, providing comprehensive health care and addressing racial health inequities [8] Employment and Services - Sun Life U.S. is one of the largest providers of employee and government benefits, helping over 50 million Americans access necessary healthcare and coverage [10] - The company employs more than 8,500 people in the U.S., including associates in partner dental practices [10]

WELLESLEY, Mass., June 5, 2024 /PRNewswire/ -- Sun Life U.S. has expanded its partnership with Goodpath to offer employer clients virtual whole-person care, a new employee benefit that provides care for physical conditions and mental health, including unlimited therapy sessions. Sun Life disability clients can proactively support their employees' mental and physical health, helping to reduce the need for absences or extended leave. As access to care issues persist around the country, Sun Life continues to e ...

Core Insights - Sun Life U.S. has been recognized as a Top Place to Work in Milwaukee, ranking sixth among the largest companies, marking its first recognition in the region following the acquisition of DentaQuest in 2022 [1] - The recognition is based on employee feedback and company culture, with Sun Life U.S. having received multiple awards for workplace excellence, including Forbes America's Best Large Employers and Best Employers for Diversity [2] - Sun Life U.S. operates with a flexible, hybrid work model, allowing employees to choose their work environment, which has contributed to a positive workplace culture [1][2] Company Overview - Sun Life is a leading international financial services organization with operations in various global markets, including the U.S., Canada, and several Asian countries, managing total assets of C$1.47 trillion as of March 31, 2024 [3] - Sun Life U.S. is a major provider of employee and government benefits, serving over 50 million Americans with a diverse portfolio of services, including dental, vision, and life insurance [5] - The company employs nearly 8,300 people in the U.S., with a focus on creating a supportive and collaborative work environment [5]

Sun Life Financial Inc. (NYSE:SLF) Q1 2024 Earnings Call Transcript May 10, 2024 10:00 AM ET Company Participants David Garg - SVP, Capital Management and IR Kevin Strain - President and CEO Tim Deacon - EVP and CFO Kevin Morrissey - SVP, Chief Actuary Jacques Goulet - President, Sun Life Canada Daniel Fishbein - President, Sun Life US Steve Peacher - President, SLC Management Michael Roberge - CEO, President and Executive Chairman, MFS Investment Management Manjit Singh - President, Sun Life Asia Randy Bro ...

In this presentation, Sun Life Financial Inc. ("SLF" or "SLF Inc."), its subsidiaries and, where applicable, its joint ventures and associates are collectively referred to as "we", "us", "our", "Sun Life" and the "Company". Reported net income (loss) refers to Common shareholders' net income (loss) determined in accordance with IFRS. Certain statements in this presentation and certain oral statements made by senior management during the earnings conference call on May 10, 2024 (collectively, this "presentat ...

CANADIAN RESIDENTS PARTICIPATING IN THE SHARE ACCOUNT Shareholders holding shares in the Canadian Share Account can sell their shares for $15 plus 3 cents per share. For more information call TSX Trust Company at 1 877 224-1760. Sun Life Reports First Quarter 2024 Results Sun Life Financial Inc. ("SLF Inc."), its subsidiaries and, where applicable, its joint ventures and associates are collectively referred to as "the Company", "Sun Life", "we", "our", and "us". We manage our operations and report our finan ...