Financial results and reports

Quarterly results

Review financial results for the most recently ended quarter and past quarters.

Quarterly results

Quarterly reports archive

Annual reports

Read about our financial performance and achievements as well as our strategy for the future.

2024 annual report

Financial highlights1

Q1 2025

Q4 2024

Q1 2024

Full Year 2024

Full Year 2023

Underlying net income ($ millions)2

1,045

965

875

3,856

3,728

Reported net income ($ millions)3

928

237

818

3,049

3,086

Diluted underlying EPS ($)2

1.82

1.68

1.50

6.66

6.36

Diluted reported EPS ($)

1.62

0.41

1.40

5.26

5.26

Underlying ROE2

17.7%

16.5%

16.0%

17.2%

17.8%

Reported ROE2

15.7%

4.0%

15.0%

13.6%

14.7%

SLF Inc. LICAT ratio4

149%

152%

148%

152%

149%

Assets under management ($ billions)2

1,551

1,542

1,470

1,542

1,400

Number of common shares outstanding (in millions)

567.6

573.9

582.5

573.9

584.6

Dividend per common share ($)

0.84

0.84

0.78

3.24

3.00

Book value per common share ($)

40.84

40.63

37.41

40.63

36.51

1 All numbers are: unaudited, impacted by rounding, and in Canadian dollars, unless otherwise noted.

2 Represents a non-IFRS financial measure. Refer to section N – Non-IFRS Financial Measures in our MD&A for the period ended March 31, 2025 for further information.

3 Reported net income (loss) refers to Common shareholders' net income (loss) determined in accordance with IFRS.

4 Life Insurance Capital Adequacy Test (“LICAT”) ratio of SLF Inc. Our LICAT ratios are calculated in accordance with the OSFI-mandated guideline. OSFI's 2023 LICAT Guideline, effective January 1, 2023, specifies that available capital for LICAT purposes includes Contractual Service Margin. Prior period restatement and resubmissions are not mandated.