Sun Life Financial Inc. is hosting its Investor Day 2024 in Toronto, presenting its achievements and future plans to investors. The event will feature discussions led by the company's senior management team on digital leadership, client impact, and insights into Sun Life's four business groups: Asset Management, Canada, U.S., and Asia.
Kevin Strain, President and CEO of Sun Life, emphasized the company's commitment to being purpose-driven over the past decade. "Our winning strategy anchored by our superior business mix has consistently played to win through organic growth, strategic acquisitions and partnerships," he stated. Strain also highlighted the company's new medium-term financial objectives: a 10% annual growth in underlying earnings per share (EPS) and a 20% underlying return on equity (ROE), while maintaining an underlying dividend payout ratio of 40-50%.
Tim Deacon, Executive Vice-President and CFO for Sun Life, noted the company's focus on capital-light businesses which have supported strong capital generation. "Our strong balance sheet is a cornerstone of strength and will continue to serve as a strategic lever for our next stage of growth," Deacon said.
The event details include presentations available via live webcast online with opportunities for research analysts attending in person to participate in Q&A sessions.
Sun Life operates globally across several markets including Canada, the United States, Hong Kong, Japan, India among others. As of September 30, 2024, it had $1.51 trillion in assets under management.
The company trades under the ticker symbol SLF on multiple stock exchanges including Toronto (TSX) and New York (NYSE).