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Sun Life Financial Inc.

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Shares of Sun Life Financial outperformed the Zacks-categorized Life Insurance industry in the last three months. Sun Life’s aggressive re-designing of products, improved pricing, and focus on segments with higher growth and return complemented by market factor of reduced interest rate and market risk bode well. A strong balance sheet with a well-endowed cash balance, effective capital deployment in growth initiatives will fuel earning, ROE and enhance shareholders’ value. Riding on operational strength, the company envisions growing its bottom line between 8% and 10% and ROE between 12% and 14% over the medium term. A well-diversified business profile positions it well for the long term. However, Sun Life remains exposed to macro headwinds, regulatory uncertainties and rising expenses. These in turn continues to weigh on earnings and thus constrain growth.

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