reports
- Carl De Souza
- Komal Rizvi
- Marcos Alvarez
Can Limited Recourse Capital Notes Be Wiped Out in Canada à la Credit ...
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...
SLF. MANULIFE FINANCIAL CORPORATION
RY. GREAT-WEST LIFECO INC.
MFC. BANK NOVA SCOTIA PFD.
BNS. GREAT WEST LIFECO- PFD
BMO. ROYAL BANK OF CANADA 4.90% PFD. SERIES W
CM GREAT-WEST LIFECO PFD. SERIES H
NA BANK OF MONTREAL PFD.
GWO SUN LIFE FINANCIAL PFD. (CL A) SER. 2
BNS.PR.F BANK OF NOVA SCOTIA PFD.
GWO_ps MANULIFE FINANCIAL CORP
RY.PR.W CANADIAN WESTERN BANK PR C PFD.
CM_po BANK OF MONTREAL PR B PFD.
GWO.PR.H NATIONAL BANK OF CANADA PR X PFD.
BMO_pr TORONTO-DOMINION BANK C PFD.
SLF.PR.B EMPIRE LIFE INSURANCE CO NON CUM RATE RESET PFD REGISTERED SHS SERIES 1
SLF_ph BANK OF MONTREAL
BNS_pb BANK OF MONTREAL CL B SERIES 25 PFD.
BMO_py BANK OF MONTREAL CL B SERIES 10 PFD.
NA.PR.W BANK OF MONTREAL- PFD
MFC_pl ROYAL BANK OF CANADA PFD.
CWB.PR.C ROYAL BANK OF CANADA 1ST PFD.
BMO.PR.B ROYAL BANK OF CANADA 1ST PFD. SERIES AE
NA.PR.X ROYAL BANK OF CANADA PFD. H
TD_pfc ROYAL BANK OF CANADA- PFD
EML.PR.A ROYAL BANK CANADA MONTREAL QUEBEC PR J PFD.
IFC ROYAL BANK PR M PFD.
LB ROYAL BANK PR P PFD.
CWB ROYAL BANK PR Q PFD.
ROYAL BANK OF CANADA - PREF SHARE
BMO.PR.Q NATIONAL BANK OF CANADA PFD. SERIES 15
BMO.PR.A NATIONAL BANK OF CANADA- PFD
BMO_ps NATIONAL BNK CAN PFD.
RY.PR.A LAURENTIAN BANK OF CANADA
RY.PR.C LAURENTIAN PR J PFD.
RY.PR.E CANADIAN IMPERIAL BANK OF COMMERCE CL A
RY.PR.F CANADIAN IMPERIAL BANK OF COMMERCE SERIES 32 PFD.
RY_pz CANADIAN IMPERIAL BANK OF COMMERCE PFD. CL A
RY_pj TORONTO DOMINION PFD.
RY_pm TORONTO-DOMINION BANK D PFD.
RY_pp TORONTO DOMINION BANK
RY_pq TORONTO-DOMINI PFD.
RYPRT CANADIAN WESTERN BANK PR B PFD.
RY/TO BANK OF NOVA SCOTIA PRD PFD.
NA.PR.K BANK OF NOVA SCOTIA 5-YEAR PFD. SERIES 30
NA_ps BANK OF NOVA SCOTIA 5-YEAR PFD. SERIES 32
NA.PR.A BANK OF NOVA SCOTIA PR G PFD.
LB_ph INTACT FINANCIAL CORP PFD.
LB.PR.J INTACT FINANCIAL CORPORATION
CM_pq GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
TD.PF.B GREAT-WEST LIFECO INC. 5.2% PFD.
TD_pfd GREAT-WEST LIFECO
TD_pfe GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
TD.PF.H GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
CWB_pb GREAT-WEST LIFECO INC. PFD. N
CWB-W GREAT-WEST LIFECO INC PFD.
CBWBF MANULIFE FINANCIAL CL A PFD. SERIES 2
BNS_pd MANULIFE FINANCIAL 4.5% PFD. CL A SERIES 3
BNS.PR.Y MANULIFE FINANCIAL PRF P PFD.
BNS.PR.Z MANULIFE FINANCIAL CORP. CL 1 SERIES 3 PFD F
BNS.PR.G MANULIFE FINANCIAL CORP PFD.
IFC_pa MANULIFE FI PR N PFD.
IFC_pc MANULIFE FIN PR O PFD.
IIC SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
IIC/LV SUN LIFE FINANCIAL CL A PFD. SERIES 3
GWO.PR.F SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
GWO.PR.G SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
GWO.PR.I SUN LIFE FINANCIAL INC PFD.
GWO.PR.L EMPIRE LIFE INSURANCE COMPANY
GWO.PR.M THE
GWO.PR.N CANADIAN WESTERN BANK PFD SERIES 9
GWO_pp GREAT WEST LIFECO SERIES T
GWO.P.Q BANK OF MONTREAL SERIES 44 CLASS B
GWO_pr NATIONAL BANK OF CANADA PFD SERIES 40
GWLIF TORONTO-DOMINION BANK
MFC.PR.B CANADIAN WESTERN BANK
MFC.PR.C ROYAL BANK OF CANADA
MFC.PR.P NATIONAL BANK OF CANADA
MFC.PR.F BANK OF NOVA SCOTIA
MFC_ph CANADIAN IMPERIAL BANK OF COMMERCE
- Marcos Alvarez
- Nadja Dreff
Bank Run Scenario Unlikely To Hit Canada's Lifecos But Impacts May Ari...
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...
MFC. MANULIFE FINANCIAL CORPORATION
GWO GREAT-WEST LIFECO INC.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph MANULIFE FINANCIAL CORP
MFC_pl GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.F GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.G GREAT-WEST LIFECO
GWO.PR.I GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.L GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.PR.M GREAT-WEST LIFECO INC. PFD. N
GWO.PR.N GREAT-WEST LIFECO INC PFD.
GWO_pp MANULIFE FINANCIAL CL A PFD. SERIES 2
GWO.P.Q MANULIFE FINANCIAL 4.5% PFD. CL A SERIES 3
GWO_pr MANULIFE FINANCIAL PRF P PFD.
GWLIF MANULIFE FINANCIAL CORP. CL 1 SERIES 3 PFD F
MFC.PR.B MANULIFE FINANCIAL CORP PFD.
MFC.PR.C MANULIFE FI PR N PFD.
MFC.PR.P MANULIFE FIN PR O PFD.
MFC.PR.F SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
MFC_ph SUN LIFE FINANCIAL CL A PFD. SERIES 3
MFC_pi SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
MFC_pj SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
MFC_pk SUN LIFE FINANCIAL INC PFD.
MFC_pn GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Patrick Douville
Canadian Life Insurers Finish 2022 in Good Shape as the Insurance Busi...
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...
MFC. MANULIFE FINANCIAL CORPORATION
GWO GREAT-WEST LIFECO INC.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph MANULIFE FINANCIAL CORP
MFC_pl GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.F GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.G GREAT-WEST LIFECO
GWO.PR.I GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.L GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.PR.M GREAT-WEST LIFECO INC. PFD. N
GWO.PR.N GREAT-WEST LIFECO INC PFD.
GWO_pp MANULIFE FINANCIAL CL A PFD. SERIES 2
GWO.P.Q MANULIFE FINANCIAL 4.5% PFD. CL A SERIES 3
GWO_pr MANULIFE FINANCIAL PRF P PFD.
GWLIF MANULIFE FINANCIAL CORP. CL 1 SERIES 3 PFD F
MFC.PR.B MANULIFE FINANCIAL CORP PFD.
MFC.PR.C MANULIFE FI PR N PFD.
MFC.PR.P MANULIFE FIN PR O PFD.
MFC.PR.F SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
MFC_ph SUN LIFE FINANCIAL CL A PFD. SERIES 3
MFC_pi SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
MFC_pj SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
MFC_pk SUN LIFE FINANCIAL INC PFD.
MFC_pn GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Victor Adesanya
Sun Life Financial Inc. & Related Entities: Rating Report
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.
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
SLF.PR.A SUN LIFE FINANCIAL CL A PFD. SERIES 3
SLF.PR.C SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
SLF.PR.D SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
SLF.PR.E SUN LIFE FINANCIAL INC PFD.
SLF_pi SUN LIFE ASSURANCE COMPANY OF CANADA
3802Z SUN LIFE CAPITAL TRUST
- Marcos Alvarez
- Victor Adesanya
Sun Life Financial: Equity Market Volatility Drives Decline in Q3 Earn...
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.
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
SLF.PR.A SUN LIFE FINANCIAL CL A PFD. SERIES 3
SLF.PR.C SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
SLF.PR.D SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
SLF.PR.E SUN LIFE FINANCIAL INC PFD.
- Michael Driscoll
- Victor Adesanya
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
SLF.PR.A SUN LIFE FINANCIAL CL A PFD. SERIES 3
SLF.PR.C SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
SLF.PR.D SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
SLF.PR.E SUN LIFE FINANCIAL INC PFD.
SLF_pi SUN LIFE ASSURANCE COMPANY OF CANADA
3802Z SUN LIFE CAPITAL TRUST
- Marcos Alvarez
- Victor Adesanya
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
SLF.PR.A SUN LIFE FINANCIAL CL A PFD. SERIES 3
SLF.PR.C SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
SLF.PR.D SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
SLF.PR.E SUN LIFE FINANCIAL INC PFD.
- Elisabeth Rudman
- Marcos Alvarez
Summer of Mayhem Will Compound the Travel Insurance Market’s Woes in 2...
DBRS Morningstar published a commentary assessing the impact of the recent massive flight cancellations and delays on the profitability of travel insurance and the overall credit profiles of insurance companies. Key highlights include the following: -- The rapid increase in travel demand has hit airlines with an unprecedented number of cancelled and delayed flights due to extreme staffing shortages, increased operational requirements, and fleet reductions during the pandemic. -- This material...
MFC. MANULIFE FINANCIAL CORPORATION
GWO GREAT-WEST LIFECO INC.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph MANULIFE FINANCIAL CORP
MFC_pl GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.F GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.G GREAT-WEST LIFECO
GWO.PR.I GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.L GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.PR.M GREAT-WEST LIFECO INC. PFD. N
GWO.PR.N GREAT-WEST LIFECO INC PFD.
GWO_pp MANULIFE FINANCIAL CL A PFD. SERIES 2
GWO.P.Q MANULIFE FINANCIAL 4.5% PFD. CL A SERIES 3
GWO_pr MANULIFE FINANCIAL PRF P PFD.
GWLIF MANULIFE FINANCIAL CORP. CL 1 SERIES 3 PFD F
MFC.PR.B MANULIFE FINANCIAL CORP PFD.
MFC.PR.C MANULIFE FI PR N PFD.
MFC.PR.P MANULIFE FIN PR O PFD.
MFC.PR.F SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
MFC_ph SUN LIFE FINANCIAL CL A PFD. SERIES 3
MFC_pi SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
MFC_pj SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
MFC_pk SUN LIFE FINANCIAL INC PFD.
MFC_pn GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Victor Adesanya
Sun Life Financial Reports Good Q1 2022 Results, Reflecting the Streng...
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.
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
SLF.PR.A SUN LIFE FINANCIAL CL A PFD. SERIES 3
SLF.PR.C SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
SLF.PR.D SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
SLF.PR.E SUN LIFE FINANCIAL INC PFD.
SLF_pi SUN LIFE ASSURANCE COMPANY OF CANADA
- Marcos Alvarez
- Nadja Dreff
Canada's Federal Budget Affects Life Insurers through New Health Benef...
Canada's federal budget that was tabled on April 7, 2022, contains several measures affecting life insurance companies. For example, the budget offered additional details on the government's previously announced prescription drugs and dental benefit programs as well as income tax increases arising from both permanent and temporary tax measures, including from IFRS 17 adoption. The budget also makes climate-related disclosures mandatory for insurance companies and banks starting in 2024. Key hig...
MFC. MANULIFE FINANCIAL CORPORATION
GWO GREAT-WEST LIFECO INC.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph MANULIFE FINANCIAL CORP
MFC_pl GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
GWO.PR.F GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.G GREAT-WEST LIFECO
GWO.PR.I GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.L GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.PR.M GREAT-WEST LIFECO INC. PFD. N
GWO.PR.N GREAT-WEST LIFECO INC PFD.
GWO_pp MANULIFE FINANCIAL CL A PFD. SERIES 2
GWO.P.Q MANULIFE FINANCIAL 4.5% PFD. CL A SERIES 3
GWO_pr MANULIFE FINANCIAL PRF P PFD.
GWLIF MANULIFE FINANCIAL CORP. CL 1 SERIES 3 PFD F
MFC.PR.B MANULIFE FINANCIAL CORP PFD.
MFC.PR.C MANULIFE FI PR N PFD.
MFC.PR.P MANULIFE FIN PR O PFD.
MFC.PR.F SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
MFC_ph SUN LIFE FINANCIAL CL A PFD. SERIES 3
MFC_pi SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
MFC_pj SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
MFC_pk SUN LIFE FINANCIAL INC PFD.
MFC_pn GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Nadja Dreff
Canada's Road to Net Zero, and the Potential Impact on the Ratings of ...
Canada has committed to attaining net-zero greenhouse gas (GHG) emissions by 2050 and subsequently set its target goals into law in June 2021. It joins only about a dozen other jurisdictions around the world that have introduced net-zero laws. Canadian insurance companies are also increasingly making commitments to achieve net zero emissions in their operations and in their investment portfolios by 2050. Key highlights include: -- Canada's transition to net-zero greenhouse gas emissions will b...
MFC. MANULIFE FINANCIAL CORPORATION
GWO GREAT-WEST LIFECO INC.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph MANULIFE FINANCIAL CORP
MFC_pl CO-OPERATORS FINANCIAL SERVICES LIMITED
61926Z GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
312791 GREAT-WEST LIFECO INC. 5.2% PFD.
GWO.PR.F GREAT-WEST LIFECO
GWO.PR.G GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.I GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.PR.L GREAT-WEST LIFECO INC. PFD. N
GWO.PR.M GREAT-WEST LIFECO INC PFD.
GWO.PR.N MANULIFE FINANCIAL CL A PFD. SERIES 2
GWO_pp MANULIFE FINANCIAL 4.5% PFD. CL A SERIES 3
GWO.P.Q MANULIFE FINANCIAL PRF P PFD.
GWO_pr MANULIFE FINANCIAL CORP. CL 1 SERIES 3 PFD F
GWLIF MANULIFE FINANCIAL CORP PFD.
MFC.PR.B MANULIFE FI PR N PFD.
MFC.PR.C MANULIFE FIN PR O PFD.
MFC.PR.P SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
MFC.PR.F SUN LIFE FINANCIAL CL A PFD. SERIES 3
MFC_ph SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
MFC_pi SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
MFC_pj SUN LIFE FINANCIAL INC PFD.
MFC_pk GREAT WEST LIFECO SERIES T
- Elisabeth Rudman
- Marcos Alvarez
Canadian Insurance Debt Issuance: Strong in 2021 but Likely to Wane in...
Canadian insurance debt issuance in 2021 decreased 10% compared with 2020 levels but remained well above historical averages for the industry. Canadian insurance companies issued almost $12 billion in bonds and preferred shares in 2021, supporting our view that the industry continues to benefit from strong access to funding, particularly for large international acquisitions. However, insurance debt issuances are likely to temper in 2022. Key highlights include: -- Canadian insurance companies ...
GWO GREAT-WEST LIFECO INC.
GWO_ps GREAT WEST LIFECO- PFD
GWO.PR.H GREAT-WEST LIFECO PFD. SERIES H
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph INTACT FINANCIAL CORP PFD.
IFC INTACT FINANCIAL CORPORATION
IFC_pa GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
IFC_pc GREAT-WEST LIFECO INC. 5.2% PFD.
IIC GREAT-WEST LIFECO
IIC/LV GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
GWO.PR.F GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.PR.G GREAT-WEST LIFECO INC. PFD. N
GWO.PR.I GREAT-WEST LIFECO INC PFD.
GWO.PR.L SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
GWO.PR.M SUN LIFE FINANCIAL CL A PFD. SERIES 3
GWO.PR.N SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
GWO_pp SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
GWO.P.Q SUN LIFE FINANCIAL INC PFD.
GWO_pr GREAT WEST LIFECO SERIES T
- Marcos Alvarez
- Victor Adesanya
Sun Life Financial Reports Strong Q4 2021, Reflecting Asset Management...
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.
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
SLF.PR.A SUN LIFE FINANCIAL CL A PFD. SERIES 3
SLF.PR.C SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
SLF.PR.D SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
SLF.PR.E SUN LIFE FINANCIAL INC PFD.
- Marcos Alvarez
- Victor Adesanya
Sun Life Financial Inc. & Related Entities: Rating Report
On October 29, 2021, DBRS Limited (DBRS Morningstar) confirmed all ratings of Sun Life Financial Inc. (SLF or the Company) and its related entities, including SLF’s Issuer Rating at A (high) and the Financial Strength Rating of Sun Life Assurance Company of Canada (SLA) at AA. The trends on all ratings are Stable.
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
SLF.PR.A SUN LIFE FINANCIAL CL A PFD. SERIES 3
SLF.PR.C SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
SLF.PR.D SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
SLF.PR.E SUN LIFE FINANCIAL INC PFD.
SLF_pi SUN LIFE ASSURANCE COMPANY OF CANADA
3802Z SUN LIFE CAPITAL TRUST
- Carl De Souza
- Michael Driscoll
- Nadja Dreff
Canadian Banks' and Insurers' Strong Capitalization and Liquidity Leve...
Canada's largest banks and life insurers have maintained relatively strong performance through the peak of the Coronavirus Disease (COVID-19) pandemic. Regulatory capital levels have increased for banks and stayed at healthy levels for insurers. As a result, the Office of the Superintendent of Financial Institutions (OSFI) announced on November 4, 2021, that it is immediately lifting its restrictions on dividend increases and share buybacks. Capital management activity restrictions were impleme...
SLF. ROYAL BANK OF CANADA
RY. MANULIFE FINANCIAL CORPORATION
MFC. BANK OF NOVA SCOTIA
BNS. GREAT-WEST LIFECO INC.
BMO. BANK NOVA SCOTIA PFD.
CM GREAT WEST LIFECO- PFD
NA ROYAL BANK OF CANADA 4.90% PFD. SERIES W
GWO CANADIAN IMPERIAL BANK OF COMMERCE
BNS.PR.F GREAT-WEST LIFECO PFD. SERIES H
GWO_ps BANK OF MONTREAL PFD.
RY.PR.W SUN LIFE FINANCIAL PFD. (CL A) SER. 2
CM_po BANK OF NOVA SCOTIA PFD.
GWO.PR.H NATIONAL BANK OF CANADA
BMO_pr MANULIFE FINANCIAL CORP
SLF.PR.B BANK OF MONTREAL PR B PFD.
SLF_ph NATIONAL BANK OF CANADA PR X PFD.
BNS_pb TORONTO-DOMINION BANK C PFD.
BMO_py BANK OF MONTREAL
NA.PR.W BANK OF MONTREAL CL B SERIES 25 PFD.
MFC_pl BANK OF MONTREAL CL B SERIES 10 PFD.
BMO.PR.B BANK OF MONTREAL- PFD
NA.PR.X ROYAL BANK OF CANADA PFD.
TD_pfc ROYAL BANK OF CANADA 1ST PFD.
ROYAL BANK OF CANADA 1ST PFD. SERIES AE
BMO.PR.Q ROYAL BANK OF CANADA PFD. H
BMO.PR.A ROYAL BANK OF CANADA- PFD
BMO_ps ROYAL BANK CANADA MONTREAL QUEBEC PR J PFD.
RY.PR.A ROYAL BANK PR M PFD.
RY.PR.C ROYAL BANK PR P PFD.
RY.PR.E ROYAL BANK PR Q PFD.
RY.PR.F ROYAL BANK OF CANADA - PREF SHARE
RY_pz NATIONAL BANK OF CANADA PFD. SERIES 15
RY_pj NATIONAL BANK OF CANADA- PFD
RY_pm NATIONAL BNK CAN PFD.
RY_pp CANADIAN IMPERIAL BANK OF COMMERCE CL A
RY_pq CANADIAN IMPERIAL BANK OF COMMERCE SERIES 32 PFD.
RYPRT CANADIAN IMPERIAL BANK OF COMMERCE PFD. CL A
RY/TO TORONTO DOMINION PFD.
NA.PR.K TORONTO-DOMINION BANK D PFD.
NA_ps TORONTO DOMINION BANK
NA.PR.A TORONTO-DOMINI PFD.
CM_pq BANK OF NOVA SCOTIA PRD PFD.
TD.PF.B BANK OF NOVA SCOTIA 5-YEAR PFD. SERIES 30
TD_pfd BANK OF NOVA SCOTIA 5-YEAR PFD. SERIES 32
TD_pfe BANK OF NOVA SCOTIA PR G PFD.
TD.PF.H BANK OF NOVA SCOTIA H PFD.
BNS_pd GREAT-WEST LIFECO INC. 5.9% 1ST PFD. SERIES F
BNS.PR.Y GREAT-WEST LIFECO INC. 5.2% PFD.
BNS.PR.Z GREAT-WEST LIFECO
BNS.PR.G GREAT-WEST LIFECO INC. 5.65% 1ST PFD.
BNS.PR.H GREAT-WEST LIFECO INC. 5.8% 1ST PFD.
GWO.PR.F GREAT-WEST LIFECO INC. PFD. N
GWO.PR.G GREAT-WEST LIFECO INC PFD.
GWO.PR.I MANULIFE FINANCIAL CL A PFD. SERIES 2
GWO.PR.L MANULIFE FINANCIAL 4.5% PFD. CL A SERIES 3
GWO.PR.M MANULIFE FINANCIAL PRF P PFD.
GWO.PR.N MANULIFE FINANCIAL CORP. CL 1 SERIES 3 PFD F
GWO_pp MANULIFE FINANCIAL CORP PFD.
GWO.P.Q MANULIFE FI PR N PFD.
GWO_pr MANULIFE FIN PR O PFD.
GWLIF SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
MFC.PR.B SUN LIFE FINANCIAL CL A PFD. SERIES 3
MFC.PR.C SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
MFC.PR.P SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
MFC.PR.F SUN LIFE FINANCIAL INC PFD.
MFC_pg GREAT WEST LIFECO SERIES T
MFC_ph BANK OF MONTREAL SERIES 44 CLASS B
MFC_pi NATIONAL BANK OF CANADA PFD SERIES 40
MFC_pj TORONTO-DOMINION BANK
- Marcos Alvarez
- Victor Adesanya
Sun Life Financial Reports Strong Q3 2021 Profits But Lower Overall Sa...
Sun Life Financial Inc. reported very strong net income attributed to common shareholders of $1.02 billion for Q3 2021, a 35.9% increase from $750 million in Q3 2020, resulting in a reported return on equity (ROE) value of 17.6%. This was primarily driven by favourable market-related impacts from changes in the fair value of investment properties but also as a result of assumption changes and management actions.
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
SLF.PR.A SUN LIFE FINANCIAL CL A PFD. SERIES 3
SLF.PR.C SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
SLF.PR.D SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
SLF.PR.E SUN LIFE FINANCIAL INC PFD.
SLF_pi SUN LIFE ASSURANCE COMPANY OF CANADA
- Michael Driscoll
- Victor Adesanya
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
SLF.PR.A SUN LIFE FINANCIAL CL A PFD. SERIES 3
SLF.PR.C SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
SLF.PR.D SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
SLF.PR.E SUN LIFE FINANCIAL INC PFD.
SLF_pi SUN LIFE ASSURANCE COMPANY OF CANADA
3802Z SUN LIFE CAPITAL TRUST
- Michael Driscoll
- Victor Adesanya
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
SLF.PR.A SUN LIFE FINANCIAL CL A PFD. SERIES 3
SLF.PR.C SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
SLF.PR.D SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
SLF.PR.E SUN LIFE FINANCIAL INC PFD.
SLF_pi SUN LIFE ASSURANCE COMPANY OF CANADA
3802Z SUN LIFE CAPITAL TRUST
- Marcos Alvarez
- Victor Adesanya
Sun Life Financial's Strong Q2 2021 Results Reflect Growth In Business...
Sun Life Financial Inc. (SLF or the Company) reported strong net income attributed to common shareholders of $900 million for Q2 2021, a 73.4% increase from $519 million in Q2 2020, resulting in a reported return on equity value of 16.3%.
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
SLF.PR.A SUN LIFE FINANCIAL CL A PFD. SERIES 3
SLF.PR.C SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
SLF.PR.D SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
SLF.PR.E SUN LIFE FINANCIAL INC PFD.
SLF_pi SUN LIFE ASSURANCE COMPANY OF CANADA
3802Z SUN LIFE CAPITAL TRUST II
103901Z SUN LIFE CAPITAL TRUST
SLC CLARICA LIFE INSURANCE COMPANY
- Marcos Alvarez
- Michael Driscoll
SLF.PR.B SUN LIFE FINANCIAL PFD. (CL A) SER. 2
SLF_ph SUN LIFE FINANCIAL INC PFD.
SLF.PR.A SUN LIFE FINANCIAL (CL A) PFD. SERIES 1
SLF.PR.C SUN LIFE FINANCIAL CL A PFD. SERIES 3
SLF.PR.D SUN LIFE FINANCIAL INC. CL A PFD. SERIES 4
SLF.PR.E SUN LIFE FINANCIAL INC. CL A PFD. SERIES 5
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