• Sun Life Financial average return on tangible equity for 2023 was 26.26, a 28.1% increase from 2022.
• Sun Life Financial average return on tangible equity for 2022 was 20.5, a 1.33% increase from 2021.
• Sun Life Financial average return on tangible equity for 2021 was 20.23, a 44.5% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.