Public | |
Traded as | : SLF, : SLF, : SLF |
Industry | Financial Services |
Founded | 1865 in Montreal, Quebec |
Headquarters |
Sun Life Centre Toronto, Ontario |
Key people
|
James H. Sutcliffe, FIA, Chairman Dean A. Connor, President and CEO |
Products | Financial Services, Financial planning and advice, Life insurance, Health insurance, dental insurance, disability insurance, Investments, pension plans, institutional asset management and retirement savings |
Revenue | CA$ 28.573 billion (2016) |
CA$ 3.445 billion (2016) | |
CA$ 2.581 billion (2016) | |
Total assets | CA$ 258.238 billion (2016) |
Number of employees
|
30,000 employees (2015) |
Website | SunLife.com |
Sun Life Financial, Inc. is a Canada-based financial services company known primarily as a life insurance company. It is one of the largest life insurance companies in the world, and also one of the oldest with a history spanning back to 1865.
Sun Life Financial has a presence in investment management with over CAD$891 billion in assets under management operating in a number of countries. Sun Life ranks number 277 on the Forbes Global 2000 list for 2016 as well as on the Fortune 500 list.
Founded in Montreal, Quebec, as The Sun Insurance Company of Montreal in 1865 by Mathew Hamilton Gault (1822-1887), an Irish immigrant who settled in Montreal in 1842, its operations actually began in 1871. By the end of the 19th century it had expanded to Central and South America, the United States, the United Kingdom, West Indies, Japan, China, India, North Africa and other international markets. During the next five decades, the company grew and prospered, surviving the difficulties of World War I and the large drain on its finances through policy claims arising from the large number of deaths caused by the Great Flu Epidemic of 1918.
The company's original Dominion Square building in Montreal was built in 1918. Capping a Montreal construction boom that began in the 1920s, the company completed construction of the expansion of its headquarters with its new 26-storey headquarters north tower in 1933. Although the head office of the Royal Bank of Canada on St. James Street was taller by several floors, the Sun Life Building was at the time the largest building in terms of square footage anywhere in the British Empire.