Sun Life Financial Inc
SLF: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 33.00 | Zxsw | Hcqxjjs |
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.