11:52 AM EDT, 07/23/2025 (MT Newswires) -- The Canadian lifecos begin reporting second quarter results on August 5.

RBC has raised core EPS estimates for the group by 0.6% on average. "Our tracked funds suggest average retail AUM declines for the group and we expect net retail outflows for all the lifecos in our coverage and while this might have an impact on shorter-term earnings, it does not change our mind for longer-term value creation," writes analyst Darko Mihelic. While some U.S. companies have warned on medical cost trends and Medicaid pricing issues, Mihelic has not made adjustments to the Sun Life model as he sees that insurer as being positioned differently and assumes its stop-loss business has re-priced for elevated utilization/severity.

Based on historical dividend trends, RBC expects IAG to declare a $0.03 dividend increase per common share this quarter.

Great West is rated Sector Perform, with a $53 target.

iA Financial ( IAFNF ) is rated Sector Perform, with a $142 target.

Manulife Financial ( MFC ) is rated Outperform, with a $51 target.

Sagicor Financial ( SGCFF ) is rated Outperform, with a $9 target.

Sun Life Financial ( SLF ) is rated Outperform, with an $88 target.

Price: 52.80, Change: +0.44, Percent Change: +0.84