Sun Life Financial Inc.: Does It Have A Sustainable Competitive Advantage?

Sun Life Financial reported a robust second quarter in 2024, characterized by a diverse portfolio and various strategic initiatives underpinned by a solid financial foundation. The company announced a second-quarter underlying net income of $1 billion, up 9% year-over-year. This outcome demonstrates its capacity to leverage its diversified business model effectively, benefiting notably from strong individual protection sales in Canada and Asia and consistent performance in the U.S. Group Benefits sector.