Sun Life Financial (SLF) Balance Sheet: Assets & Liabilities

Sun Life Financial (SLF) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Sun Life Financial reported total assets of CAD 398.45B and total liabilities of CAD 372.96B. Shareholders' equity was CAD 25.23B, down 3.4% from CAD 26.13B a year earlier. Total debt stood at CAD 18.79B against CAD 29.46B in cash and short-term investments, a net cash position of CAD 10.67B. That puts debt-to-equity at 0.74, compared with 0.64 a year earlier.

Sun Life Financial Balance Sheet Analysis

Values in billions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Sun Life Financial Inc. (SLF) - Annual data in billions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	9.69	10.13	11.17	11.22	7.83	13.53	9.58	7.30	8.89
Short-Term Investments	19.78	17.67	16.32	20.48	6.04	0.00	0.00	2.21	0.00
Cash & Short-Term Investments	29.47	27.80	27.49	11.22	12.28	13.53	9.58	9.51	8.89
Accounts Receivable	11.18	2.75	2.41	0.00	0.00	0.00	0.00	0.00	0.00
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-12.84	-12.15
Other Current Assets	0.93	-5.38	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Current Assets	41.57	25.09	29.90	14.89	14.55	15.34	11.53	11.52	10.99
Non-Current Assets
Property, Plant & Equipment (Net)	1.44	1.40	1.45	1.36	1.31	1.39	1.40	0.62	0.62
Long-Term Investments	169.71	1.83	146.84	83.05	97.84	95.72	86.39	86.12	82.79
Goodwill	9.53	9.46	8.97	8.71	6.52	6.07	5.83	5.41	5.18
Intangible Assets	5.30	5.06	5.17	4.72	3.37	2.48	2.08	1.78	1.67
Other Non-Current Assets	167.10	244.00	145.29	-1.63	-1.85	-1.63	-1.46	-89.10	-1.30
Total Non-Current Assets	356.88	370.72	307.73	99.68	109.03	105.66	95.71	89.10	90.27
Total Assets	398.46	370.72	333.24	330.91	345.37	323.01	297.20	271.83	269.11
Current Liabilities
Accounts Payable	2.14	2.56	2.49	2.35	1.87	2.44	1.83	2.05	1.97
Short-Term Debt	1.83	2.13	2.33	0.00	0.44	0.34	0.00	0.10	0.00
Current Portion of Long-Term Debt	1.75	2.13	2.33	2.34	0.44	-	-	-	-
Accrued Liabilities	5.15	4.90	4.43	4.00	4.27	-	-	-	-
Other Current Liabilities	10.98	23.14	-4.82	-2.35	-2.44	-2.78	-1.83	-2.15	-1.97
Total Current Liabilities	14.95	28.00	9.26	4.98	2.44	2.78	1.93	2.15	2.11
Non-Current Liabilities
Long-Term Debt	16.96	14.68	10.95	11.05	11.21	6.55	4.04	6.59	6.87
Deferred Tax Liabilities	0.30	0.29	0.28	0.63	0.32	0.38	0.41	0.32	0.40
Other Non-Current Liabilities	340.75	329.91	297.81	-11.05	306.81	-6.93	-4.44	-6.91	-7.27
Total Non-Current Liabilities	358.01	344.59	309.04	4.98	9.63	6.55	4.04	6.59	5.14
Total Liabilities	372.96	344.59	309.04	301.53	317.30	297.15	272.69	247.26	246.14
Stockholders' Equity
Common Stock	7.90	8.19	8.33	10.64	8.31	10.59	10.62	8.42	10.91
Retained Earnings	12.93	12.82	12.16	16.81	14.71	13.88	12.78	11.27	11.41
Accumulated Other Comprehensive Income	1.39	2.71	0.77	0.65	2.69	1.59	1.46	1.69	1.11
Additional Paid-in Capital	1.76	0.10	0.09	0.36	-7.58	0.07	0.07	0.07	0.07
Minority Interest	0.26	0.08	0.16	1.93	1.76	1.39	1.11	0.86	0.65
Shares Outstanding	0.55	0.57	0.58	0.59	-	-	-	-	-
Total Stockholders' Equity	25.23	26.13	23.58	27.45	28.07	24.47	23.40	23.71	22.32
Total Liabilities & Equity	398.46	370.72	333.24	330.91	345.37	323.01	297.20	271.83	269.11

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Sun Life Financial Balance Sheet

How much debt does Sun Life Financial have?

Sun Life Financial had total debt of CAD 18.79B as of Dec 31, 2025, against CAD 29.46B in cash and short-term investments. Its debt-to-equity ratio was 0.74. Total debt was CAD 16.81B a year earlier.

What are Sun Life Financial's total assets?

Sun Life Financial reported total assets of CAD 398.45B as of Dec 31, 2025, up 7.5% from CAD 370.72B a year earlier. Total liabilities were CAD 372.96B.

What is Sun Life Financial's shareholders' equity?

Sun Life Financial's shareholders' equity was CAD 25.23B as of Dec 31, 2025, or about CAD 45.55 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition