Sun Life Financial Reports Good Q1 2022 Results, Reflecting the Strength of Its Diversified Business Mix
Sun Life Financial Inc. reported good net income attributed to common shareholders of $858 million for Q1 2022 that resulted in a return on equity (as calculated by DBRS Morningstar) of 14.4%. However, net income decreased by 8.4% from $937 million reported in Q1 2021 owing to less favourable market-related impacts, partially offset by a restructuring charge from the prior year's quarter and better results from MFS Investment Management.
Sun Life Financial is a holding company. Through its subsidiaries, Co. is an international financial services organization providing a range of protection and wealth accumulation products and services to individuals and corporate customers in Canada, the U.S., the U.K., Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam and Bermuda. Co. manages its operations in four business segments: Sun Life Financial Canada, Sun Life Financial United States, MFS Investment Management and Sun Life Financial Asia.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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