Sun Life Financial (NYSE: SLF) reported Q4 EPS of $1.47, $0.58 better than the analyst estimate of $0.89.

"2020 challenged us in ways we never imagined. I'm proud of how Sun Life employees and advisors were there to support each other, and to support our Clients, through the COVID-19 pandemic. Sun Life delivered solid fourth quarter and full year results. In 2020, we increased our underlying net income to $3.2 billion, achieving underlying EPS of $5.49 and underlying ROE of 14.4%. Assets under management grew to $1.25 trillion," said Dean Connor, President and CEO, Sun Life.

"Clients continue to be at the centre of everything we do. The acceleration of everything digital, from how we advise Clients, sell solutions and pay claims, will be a lasting benefit beyond this year. This includes the launch of Lumino Health Virtual Care for Clients in Canada, the growth of U.S. sales by 6% to US$1.1 billion over the year reflecting demand for our virtual enrollment and other digital capabilities, and the use of virtual planning and sales experiences across our Asian markets," added Connor.

"In 2020, we continued to make strides towards our ambition to be one of the best insurance and asset management companies in the world and build our foundation for future growth," said Kevin Strain, incoming President and CEO. "SLC Management's majority acquisitions of InfraRed Capital Partners and Crescent Capital Group LP have broadened their range of alternative investments solutions for institutional Clients. We also continue to deepen distribution in Asia with the signing of a second bancassurance agreement in Vietnam. Wealth sales were underpinned by MFS's performance this year with strong retail flows, a 37% increase in fixed income sales, a 39% pre-tax net operating profit margin ratio and a 16% growth in AUM."

For earnings history and earnings-related data on Sun Life Financial (SLF) click here.