Core Viewpoint - Sun Life Financial Inc. reported strong growth in both top and bottom lines for Q1 2025, driven by robust performance across all business segments and a focus on client needs through digital tools and strategic initiatives [4][6][61]. Financial Performance - Underlying net income for Q1 2025 was $1,045 million, an increase of $170 million or 19% from Q1 2024 [6][11]. - Reported net income for common shareholders was $928 million, up $110 million or 13% year-over-year [6][11]. - Underlying EPS rose to $1.82 from $1.50, while reported EPS increased to $1.62 from $1.40 [5][6]. Business Segment Highlights Asset Management - Underlying net income for Asset Management was $351 million, a 24% increase from the previous year [14]. - Total assets under management (AUM) reached $1,551 billion, up $81 billion or 6% from Q1 2024 [6][11]. - MFS and SLC Management contributed to strong performance, with MFS experiencing net outflows of $11.6 billion, while SLC Management saw inflows of $2.9 billion [18][19]. Canada - Underlying net income in Canada was $376 million, reflecting a 21% increase from the prior year [23]. - Reported net income for Canada was $351 million, also up 21% year-over-year [23]. - Sales in Canada showed growth, with Group - Health & Protection sales increasing by 10% and Individual - Protection sales up by 15% [10][24]. United States - U.S. underlying net income was US$151 million, a 7% increase, while reported net income surged by 82% to US$129 million [27][28]. - Group sales in the U.S. decreased by 13%, primarily due to lower Medicaid sales [28][29]. Asia - Underlying net income in Asia was $197 million, an 11% increase, while reported net income decreased by 29% due to prior year gains [33][34]. - New business Contractual Service Margin (CSM) rose to $273 million, up from $230 million in the prior year [34][35]. Capital Position and Dividends - The LICAT ratio stood at 149%, indicating a strong capital position [4][11]. - The company announced a 5% increase in its common share dividend, raising it from $0.84 to $0.88 per share [4][6]. Strategic Initiatives - Sun Life continues to enhance its Client Impact Strategy through digital tools and capabilities, aiming to improve client experiences and operational efficiency [4][29]. - The company is focused on expanding its distribution in fast-growing markets, particularly in Asia, through partnerships and innovative product offerings [35][36].