Sun Life Financial Reports Strong Q4 2021, Reflecting Asset Management Growth, and Real Estate and Investment Gains
Sun Life Financial Inc. (SLF or the Company) reported very strong net income for Q4 2021, attributed to common shareholders of $1.08 billion, a 45% increase from $744 million in Q4 2020, equating to a reported return on equity value of 18.2%. The results were driven in part by a $297 million gain on the initial public offering of SLF's India asset management joint venture and an increase in the value of the Company's real estate investments.
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.
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