Canadian insurance company: Sun Life Financial (SLF) (1865)

Sun Life Financial Group Co., Ltd. (abbreviated as: Sun Life Financial Group, Sun Life Financial, Sun Life Financial) Sun Life Financial Inc. (NYSE: SLF, TSX: SLF, PSE: SLF) was founded in 1865 and is headquartered in Toronto, Canada, full-time With 18,330 employees, it is a financial services company that provides protection and wealth products and services to individual and corporate clients worldwide.

Sun Life Financial Inc Logo

Sun Life Financial (SLF):

Sun Life Financial Group shares were established in 1865 by Mattel Hamilton Goult, then named “Sun Life Insurance Company of Montreal”. Currently, it is located in Canada, the United States, the United Kingdom, Hong Kong, China, Japan, the Philippines, and Indonesia. , India, China and Bermuda operate retirement and investment plan portfolio business and other related insurance businesses, and are also listed on the Toronto, New York, and Philippine exchanges.

Sun Life Financial Inc. is divided into 4 departments to operate: Sun Life Financial Canada, Sun Life Financial United States, MFS Investment Management, Sun Life Financial Asia. The products and services provided by Sun Life Financial include :

  1. Permanent life insurance, participating life insurance, term life insurance, universal life insurance, critical illness, long-term care, personal health life insurance, deposits and retirement products include mutual funds, independent funds, deferred annuities, guaranteed investment certificates, expenditure annuities, accidental death insurance, and Personal health insurance products;
  2. Life insurance, dentistry, medicine, extended health care, disability, critical illness welfare programs, voluntary welfare solutions directly to individual planners, including post-employment life insurance and health plans for planners;
  3. Group retirement products and services, including only investment in independent funds and fixed-rate annuities, stock plans, group life insurance annuities, pensioners’ salary services, and solutions to reduce the risks of agreed pension plans;
  4. The company provides asset management services to retail and institutional investors through joint and consolidated funds, individually managed accounts, institutional products and pension strategies.

Sun Life Financial (SLF) History (Recent):

  • In 1982, Sun Life acquired Massachusetts Financial Services (MFS), an investment management and mutual fund company;
  • In 1987, Spectrum Mutual Fund Services was established (sold to CI Financial later) and entered the Canadian mutual fund business field;
  • In 1995, Sun Life entered the Indonesian market through the Indonesian local company PT Asuransi Modern Sun Life (now PT Sun Life Financial Indonesia); in the same year, it opened a representative office in Beijing;
  • In 1997, Sun Life Financial acquired McLean Budden, a Canadian investment management company, and merged into MFS;
  • In 1999, Sun Life entered the Indian market through Birla Sun Life, a joint venture with the Indian local company Aditya Birla Group, and entered the Chinese market through Sun Life Everbright, a joint venture with China Everbright Group, a Chinese company;
  • In March 2000, Sun Life Financial Inc. IPO, which also landed on the New York Stock Exchange, the Toronto Stock Exchange and the Philippine Stock Exchange;
  • In 2002, Sun Life merged with Clarka Life Insurance Company of Ontario, Canada (Mutual Life of Canada, founded in 1870 and named The Mutual Group before IPO in 1999). The former headquarters of Mutual Life Assurance Company established a new company in Canada. Headquarters
  • On July 7, 2005, Sun Life Financial of Canada acquired the insurance and pension business of Commonwealth Bank of Australia in Hong Kong for C$560 million in cash—CMG Asia and CommServe Financial;
  • In 2007, Sun Life Financial acquired Genworth Financial’s US employee benefits business;
  • In 2008, the Sun Life Financial mutual fund non-core businesses (CI Financial Income Fund 37% stake) sold to the Canadian Bank of Nova Scotia (Scotiabank);
  • In 2013, Sun Life and the Malaysian state-owned investment company Khazanah Nasional each invested 300 million Canadian dollars to acquire 49% of the shares of CIMB Group, a Malaysian insurance joint venture under Aviva PLC. CIMB only retained 2% of the equity.
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