Sun Life Financial Inc

SLF: XTSE (CAN)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
CAD 61.00DgflfVcycydf

Sun Life Financial Off to a Decent Start in 2022

No-moat-rated Sun Life Financial reported a decent start to 2022. Underlying earnings per share in the first quarter of CAD 1.46 were a touch above the FactSet consensus of CAD 1.44. While rising interest rates are a tailwind for life insurers, lower market levels and the effects on inflation are headwinds for Sun Life. Overall, there was little in the earnings release that would alter our long-term view of the firm, and we will maintain our fair value estimate of CAD 66.

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