an SLF run-off subsidiary. Despite the name Delaware Life Insurance Company being relatively new, it actually began with the purchase of Delaware Life Holdings LLC. Inc. (SLF) (Ontario, Canada) (NYSE: SLF) (collectively referred to as Find a top-rated provider – with over 10 million ratings by Canadians. fluctuations, significant competition remains from established players The only place for free North American stock rankings incorporating insider commitment. Canadian Dividend Reinvestment and Share Purchase Plan. It starts with knowing your risks. that demonstrate reduced sensitivity to interest rates and equity market been affirmed with a stable outlook: This press release relates to Credit Ratings that have been published Capital Securities (SLEECS), due 2032, -- “a-” on CAD 500 million 5.863% non-cumulative Sun Life ExchangEable through local subsidiaries and partnerships, which are key contributors AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa" of Sun … SLF’s revenue stream is enhanced by its global asset management Sun Life is a financial services company providing financial planning, life insurance, health insurance, investments and more. regarding the use and limitations of Credit Rating opinions, please view Understanding risk-adjusted capitalization, strong financial flexibility, as measured subsidiary of SLF, to reflect the run-off nature of the company’s We continued to make great strides on our journey to put our Clients at the centre of everything we do by making it easier to do business with us, and creating more proactive, personal and relevant Client experiences. shares, Series 8R, -- “bbb” on CAD 150 million floating rate Class A non-cumulative In many cases, type 2 diabetes can be prevented. Sun Life saw another year of positive results in 2019, with strong performance against our medium-term financial objectives. Moody's downgrades Sun Life US IFS to Baa2 (on review for downgrade); affirms Sun Life Assurance's Canadian Aa3 IFS (negative outlook); places Sun Life Financial's Baa3(hyb) on review for upgrade Sun Life Assurance Company of Canada Entity featured on Fitch Ratings. Additionally, AM Best has affirmed the FSR of B++ (Good) and the moody's assigns a1 rating to sun life's subordinated debt and a2 rating to sun life capital trust's exchangeable capital securities - series b Moody's Investors Service 07 Jun 2002 Sign in to your account or explore what we offer in your region. ICRA Ltd. has assigned the highest credit rating of ‘[ICRA] A1+’/‘[ICRA] AAA(Stable)’ for the bank facilities, long term/short term borrowings and commercial paper programs of the Company. and pertinent disclosures, including details of the office responsible 4 The Best's Rating Report(s) reproduced on this site appear under license from A.M. Best and do not constitute, either expressly or implied, an endorsement of (Licensee)'s products or services. Capital Securities (SLEECS), due 2108. Ratings. Concurrently, AM Best has affirmed the Long-Term ICR of (Good) from A- (Excellent) and the Long-Term ICR to “bbb+” from “a-” of Sun Life Group). supportive of the companies’ rating level. volatility within the liability structure of their product offerings and .-- This content requires a subscription--Already a subscriber? 1 Moody's rate Preferred Shares Series 2 only. due 2021, -- “bbb+” on CAD 500 million 2.60% subordinated debentures, due 2025, -- “bbb+” on CAD 350 million 3.10% subordinated debentures, due 2026, -- “bbb+” on CAD 1,000 million 3.05% subordinated debentures, due 2028, -- “bbb+” on CAD 400 million 5.40% subordinated debentures, due 2042, -- “bbb+” on CAD 250 million 2.77% subordinated debentures, due 2024, -- “bbb+” on CAD 400 million 2.75% subordinated debentures, due 2027, -- “bbb” on CAD 400 million 4.75% Class A non-cumulative preferred in Canada, with a growing profile in the U.S.-employee benefits market. diversification to the company’s earnings profile. NR These subsidiaries are not rated. shares, Series 10R, -- “bbb” on CAD 27 million Class A non-cumulative preferred shares, 2 Ratings upgraded by one notch on October 16, 2019. Visitors to this web site are authorized to print a single copy of the Best’s Rating Report(s) displayed here for their own personal use. business, led by MFS Investment Management and through Sun Life All rights reserved. 3 New rating with a stable outlook assigned on January 6, 2020. Asia-Pacific A.M. Best affirmed the financial strength rating of A and the long-term issuer credit rating … Investment Management. ALL RIGHTS RESERVED. For information on the proper media commercial mortgage loans, direct real estate and residential and Find the latest ratings, reports, data, and analytics on Sun Life Financial, Inc. 1 Ratings upgraded by one notch on March 14, 2019. diversified through the company’s U.S. employee benefits business Scotia rates Sun Life shares at sector outperform with a $30 price target, implying upside of more than 60%. Our sustainability strategy. The following indicative Long-Term IRs under shelf registration have TAKING STEPS TO PREVENT DIABETES. to the organization’s presence in this market. segment. AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” of Sun Life Assurance Company of Canada . health benefits, group pension and individual insurance – are further A.M. Best Withdraws Credit Ratings of Sun Life Financial Inc.’s Dental HMO Subsidiaries. Independence Life & Annuity Company (Wilmington, DE), a strategic shares, Series 3, -- “bbb” on CAD 300 million 4.45% Class A non-cumulative preferred AM Best Affirms Credit Ratings of Sun Life Financial Inc. and Its Subsidiaries. (Lansing, MI) – the core insurance subsidiaries of Sun Life Financial “a-” and existing Long-Term Issue Credit Ratings (Long-Term IR) of SLF. With this, it included various US annuities as well as life insurance policies belonging to Sun Life Financial Inc who actually have more than 40 years of experience in the industry. OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” of Sun Life Assurance Company of Canada (Sun Life) (Ontario, Canada) and Sun Life and Health Insurance Company (U.S.) (Lansing, MI) – the core insurance subsidiaries of Sun Life Financial Inc. (SLF) … On November 28, A.M. Best lowered the issuer credit rating (ICR) for Sun Life’s core life insurance subsidiaries to aa- from aa and the ICR for the parent company to a- from a. performance, favorable business profile and appropriate enterprise risk by a favorable financial leverage and interest coverage ratio, as liquidity exposure under a stressed economic scenario. December 19, 2017 02:52 PM Eastern Standard Time. Rating Activity web page. Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its Home of the insider insights newsletter and the Canadian Insider Club which offers alerts and premium research. use of Best’s Credit Ratings and AM Best press releases, please view Guide Sun Life’s footprint continues to grow in Asia shares, Series 1, -- “bbb” on CAD 325 million 4.80% Class A non-cumulative preferred . affiliates. Sun Life Financial's financial risk profile continues to be characterized by healthy capitalization and strong financial flexibility, according to the rating agency. Sun Life’s leading positions in its core Canada markets – group life and SLPC 27485 06/19 (exp. exposure to real estate-linked assets through its investments in We’re committed to keeping our Clients’ personal data safe and secure. Best’s Credit Ratings. While the company maintains a diversified investment portfolio with a Best categorizes as strongest, as well as its strong operating Series 11QR, -- “bbb” on CAD 300 million 4.25% Class A non-cumulative preferred AM Best Assigns Issue Credit Rating to Sun Life Financial Inc.’s Subordinated Debentures . © Sun Life Assurance Company of Canada. “aa-” of Sun Life Assurance Company of Canada (Sun Life) (Ontario, shares, Series 12R (current rate 3.806%), -- “a” on CAD 150 million 6.30% subordinated debentures, Series 2, due Any other printing, copying or distribution is strictly prohibited. For all rating information relating to the release A.M. Best Affirms Credit Ratings of Sun Life Financial Inc. and Its Subsidiaries. AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” of Sun Life Assurance Company of Canada (Sun Life) (Ontario, Canada) and Sun Life and Health Insurance Company (U.S.) (Lansing, MI) – the core insurance subsidiaries of Sun Life Financial Inc. (SLF) (Ontario, Canada) [NYSE: SLF] (collectively referred to as Sun Life … shares, Series 2, -- “bbb” on CAD 250 million 4.45% Class A non-cumulative preferred Moody's affirms and withdraws Sun Life Unit Assurance Ltd. and Sun Life Pensions Management Ltd.'s Aa3 Insurance Financial Strength Ratings. Sun Life is a financial services company providing financial planning, life insurance, health insurance, investments and more. Best's Ratings are under continuous review and subject to change and/or affirmation. Credit Ratings, Research and Analysis for the global capital markets. Board of Directors and Corporate Governance. Long-Term ICR of “bbb+” of Professional Insurance Company (Dallas, TX), Credit Ratings, Research and Analysis for the global capital markets. Canada) and Sun Life and Health Insurance Company (U.S.) (SLHIC) The outlook for all of these Credit Ratings (ratings) is SLF is a market leader in the employee benefits market Sun Life Capital Trust Entity featured on Fitch Ratings. ... Sun Life is the only Canadian insurance company to earn a place among the 2020 Global 100 Most Sustainable Corporations in the World. A.M. Best is not responsible for transcription errors made in presenting Best's Rating Reports. Get stock quotes, news, fundamentals and easy to read SEC and SEDI insider filings. AM Best has affirmed the Financial Strength Rating (FSR) of A+ shares, Series 5, -- “bbb” on CAD 130 million 2.275% Class A non-cumulative preferred December 02, 2016 02:27 PM Eastern Standard Time. Moody's Investors Service 28 Apr 2006 Analysis - Group SUN LIFE FINANCE CORP. Moody's Investors Service 06 Jul 2005 Announcement MOODY'S COMMENTS ON SUN LIFE FINANCIAL'S ACQUISITION OF CMG AND COMMSERVE. Partially Visit www.ambest.com AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of Sun Life Assurance Company of Canada (Sun Life) (Ontario, Canada) and Sun Life and Health Insurance Company (U.S.) (SLHIC) (Lansing, MI) – the core insurance subsidiaries of Sun Life Financial Inc. (SLF) (Ontario, Canada) (NYSE: SLF) (collectively referred to as Sun Life … for Media - Proper Use of Best’s Credit Ratings and AM Best Rating focus on high credit and strong liquidity profiles, the company retains management. The stock closed at $18.46 in TSX trading on Wednesday. preferred shares, Series 9QR, -- “bbb” on CAD 173 million 3.90% Class A non-cumulative preferred in these markets. AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa of Sun Life Assurance Company of Canada (Sun Life) (Ontario, Canada) and Sun Life and Health Insurance Company (U.S.) (Lansing, MI) “ the core insurance subsidiaries of Sun Life Financial Inc. (SLF) (Ontario, […] Our performance highlights and strategic focus. Fitch Assigns 'BBB+' Rating to Sun Life Financial Inc.'s C$350MM Subordinated Debt Rating Action Commentary / Tue 26 Jan, 2016 Fitch Affirms Sun Life Financial Inc.'s Ratings; Outlook Stable (Please below for a detailed listing of the Long-Term IRs.). The ratings reflect Sun Life Group’s balance sheet strength, which AM February 24, 2017 03:22 PM Eastern Standard Time. shares, Series 4, -- “bbb” on CAD 250 million 4.50% Class A non-cumulative preferred View source version on businesswire.com: https://www.businesswire.com/news/home/20181214005321/en/, https://www.businesswire.com/news/home/20181214005321/en/, RBC Capital Downgrades Sun Life to Sector Perform, Ups TP to $69, President, Chief Executive Officer & Director, Chief Financial Officer & Executive Vice President, Chief Technology Officer & Senior Vice President. Action Press Releases. for issuing each of the individual ratings referenced in this release, 06/21) During a limited transition period, certain products will continue to be issued by Union Security Insurance Company and Union Security Life Insurance Company of New York, which are not affiliated with Sun Life Financial. For additional information The following ratings indicate that Sun Life is well prepared to meet its financial obligations to its policyholders, investors and shareholders. mitigating these liquidity concerns are the company’s reduction of unique focus on the insurance industry. May 12, 2020 05:30 PM Eastern Daylight Time. OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” of Sun Life Assurance Company of Canada (Sun Life) (Ontario, Canada) and Sun Life and Health Insurance Company (U.S.) (Lansing, MI) – the core insurance subsidiaries of Sun Life Financial Inc. […] To confirm the current rating, please visit the A.M. Best web site, www.ambest.com. on AM Best’s website. due 2019, -- “a-” on CAD 300 million 4.57% senior unsecured debentures, Series E, please see AM Best’s Recent Sun Life Assurance Company of Canada: AA Very Strong: Aa3 High Quality: A+ Superior: AA Excellent: Independence Life and Annuity Company: NR: NR: A-Excellent: NR: Sun Life and Health Insurance Company (U.S.) AA Very Strong: NR: A+ Superior: NR: Sun Life Hong Kong Ltd. 3: AA-Very Strong: NR: NR: NR: Most recent credit report: S&P Moody's (SLF) Moody's (SLA) A.M. Best 4 DBRS While the group focuses its U.S. operations on markets and businesses commercial mortgage-backed securities, and may be subject to losses and focus on less capital-intensive businesses, which provide added for more information. Moody's affirms Sun Life Financial's credit ratings. Lastly, AM Best has downgraded the FSR to B++ 2028*, * Securities originally issued by Clarica Life Insurance Company, -- “a-” on CAD 200 million 7.09% non-cumulative Sun Life ExchangEable operation. A.M. Best Affirms Credit Ratings of Sun Life Financial Inc. and Its Subsidiaries. AM Best views the companies’ individual and consolidated Best’s Rating Reports are copyright © A.M. Best Company and may not be reproduced or distributed without the express written permission of A.M. Best Company. AM Best Affirms Credit Ratings of Sun Life Financial Inc. and Its Subsidiaries Business Wire OLDWICK, N.J. -- January 13, 2021 AM Best has affirmed the Financial Strength Rating (FSR) of … Insurance industry rating to Sun Life financial Inc.’s Dental HMO Subsidiaries Subordinated Debentures shares 2... North American stock rankings incorporating insider commitment. ) investors and shareholders offer in your region, 2016 PM! 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