---
title: "Sun Life reported income falls 49.9% to $340m in Q1 2026"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285642797.md"
description: "Sun Life reported a 49.9% decline in net income to US$339.5 million (C$465 million) for Q1 2026, despite a slight increase in underlying net income to US$803 million (C$1.1 billion). The company's underlying earnings per share were US$1.39 (C$1.9). Growth was driven by strong performance in Asia, Canada, and the US, particularly in health and risk solutions, with the Asia segment increasing by 13.1% YoY to US$157.7 million (C$216 million)."
datetime: "2026-05-08T00:54:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285642797.md)
  - [en](https://longbridge.com/en/news/285642797.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285642797.md)
---

# Sun Life reported income falls 49.9% to $340m in Q1 2026

**Underlying earnings per share stood at C$1.9 in the quarter.**

Sun Life’s underlying net income in the first quarter (Q1 2026) marginally increased by 0.48% on a year-on-year (YoY) basis to _US_$803m (C$1.1b).

Reported net income, however, contracted by 49.9% YoY to _US_$339.5m (C$465m).

"This quarter we delivered strong growth in our protection businesses led by Asia, Canada and US. Health and Risk Solutions," said Kevin Strain, President and CEO of Sun Life.

The insurer’s Asia segment surged by 13.1% YoY to _US_$157.7m (C$216m) in Q1 2026, in terms of underlying net income. The group’s underlying earnings per share stood at _US_$1.39 (C$1.9).

“Strong performance in Asia reflecting business growth in Hong Kong, and Canada from higher fee income driven by higher assets under management,” the company said.

_(US$1.00 = C$1.36)_

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