Sun Life Financial’s SLF sturdy Asia business, expanding wealth and asset management business, favorable business mix, and solid capital position make it a good investment choice.Zacks Rank & Price PerformanceSun Life currently carries a Zacks Rank #2 (Buy). Year to date, the stock has gained 15%, outperforming the industry’s increase of 9.3%.Growth ProjectionsThe Zacks Consensus Estimate for 2021 earnings is pegged at $4.40, indicating an increase of 7.3% from the year-ago reported figure. The consensus estimate for 2022 earnings is pegged at $4.95, up 12.5%. The expected long-term earnings growth is pegged at 9%.Return on Equity (“ROE”)The company’s ROE for the trailing 12 months is 14.2%, better than the industry average of 12.3%, reflecting the company’s efficiency in utilizing shareholders’ fund. The company aims underlying ROE between 12% and 14% in the medium term.Estimate RevisionThe Zacks Consensus Estimate for 2021 and 2022 moved 6.5% and 10% north in the past 60 days, respectively, reflecting analysts’ optimism.Style ScoreThe company is well poised for progress, as is evident from its favorable VGM Score of B. Here V stands for Value, G for Growth and M for Momentum, with the score being a weighted combination of all three factors.It has an impressive Value Score of A. This this style score helps identify attractive undervalued stocks.Earnings Surprise HistorySun Life surpassed estimates in the last six reported quarters, with the average beat being 13.92%.Business TailwindsThe third largest life insurer in Canada continues to strengthen its presence in the Asian market. Emerging economies of Asia are expected to provide higher return and growth than the North American markets.The company has been expanding its Wealth and Asset Management business. Sun Life Investment Management continues to boost its investment capabilities in private fixed income, mortgages and real estate, by investing in pension plans and institutional investors.Sun Life’s inorganic growth story is impressive. Strategic buyouts have positioned it as the second-largest dental insurance network in the United States, and have helped it consolidate its footprint in Vietnam, Indonesian and India, while also expanding its wealth business in Hong Kong. Sun Life is seeking to make investment in the private credit domain, which ensures greater yield, thus creating an opportunity to generate higher income. Thus, the recent acquisition of 51% stake in Crescent Capital Group bodes well.The company is shifting its growth focus toward products like mutual funds and group benefits. These require lower capital but offer more predictable earnings.Its capital and cash position remains healthy, and along with a low leverage ratio, it provides flexibility and opportunity for further capital deployment. Sun Life targets leverage ratio of 25 over the long term.With a payout of about 39%, its dividend yield is 3.2%, higher than the industry average of 3%. The company targets 40-50% dividend payout over the medium term.Other Stocks to ConsiderInvestors interested in insurance industry can look at Athene ATH, Old Republic International ORI and James River Group Holdings JRVR.Old Republic International delivered 87.50% earnings surprise in the last-reported quarter. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Athene delivered 31.94% earnings surprise in the last-reported quarter.It carries Zacks Rank #2 (Buy).James River Group delivered 6.86% earnings surprise in the last-reported quarter. It carries Zacks Rank #2.Bitcoin, Like the Internet Itself, Could Change EverythingBlockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.See 3 crypto-related stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sun Life Financial Inc. (SLF): Get Free Report Old Republic International Corporation (ORI): Free Stock Analysis Report James River Group Holdings, Ltd. (JRVR): Free Stock Analysis Report Athene Holding Ltd. (ATH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research