Three Directors at Sun Life Financial Inc sold after exercising options/bought 226,930 shares at between 62.329CAD and 84.870CAD. The significance rating of the trade was 81/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trade...
DBRS Morningstar published a commentary discussing the differences between the limited recourse capital notes (LRCNs) issued by Canadian banks and insurance companies and the AT1 notes issued by Credit Suisse. The commentary explains why Canadian LRCNs will not function in the same manner as the Credit Suisse AT1s in a default scenario and what the implications are for investors. Key highlights include the following: -- LRCNs issued by Canadian financial institutions differ from the AT1s issue...
DBRS Morningstar published a commentary discussing the impact of unrealized investment losses on Canadian life insurance companies’ balance sheets and solvency levels in the context of rising interest rates. Key highlights include the following: -- Canadian insurers' unrealized losses are considered insignificant in relation to their invested assets as a result of asset-liability matching and accounting measurement that provides for a largely offsetting movement in liabilities. -- Insurance...
DBRS Morningstar released a commentary titled “Canadian Life Insurers Finish 2022 in Good Shape as the Insurance Business Benefits from Higher Interest Rates,” which discusses Q4 2022 results for the Canadian publicly traded life insurance companies (lifecos) rated by DBRS Morningstar. Key highlights include the following: -- Top Canadian lifecos had a strong Q4 2022 and continue to generate near-record profitability. -- The big four lifecos benefit from higher interest rates despite the nega...
On October 27, 2022, DBRS Limited (DBRS Morningstar) confirmed all ratings of Sun Life Financial Inc. and its related entities, including SLF’s Issuer Rating at A (high) and the Financial Strength Rating of Sun Life Assurance Company of Canada at AA. The trends on all ratings are Stable.
Sun Life Financial Inc. reported net income attributed to common shareholders of $466 million for Q3 2022, a 54.3% decline compared with Q3 2021 primarily driven by unfavourable equity market-related impacts, a $170 million charge related to the sale of Sun Life UK, and an increase in SLC Management's acquisition-related liabilities. Overall results equated to a return on equity (as calculated by DBRS Morningstar) of 7.7%, down from 17.6% a year ago.
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