The Government of Canada spent an estimated $44.6M in 2021-2022 on contracts with Sun Life Assurance Company.
Across 19 contracts active since the start of the 2017-2018 fiscal year, 4 have at least one amendment (21%). Of contracts with amendments, the average increase in dollar value was 189% and the average number of amendments was 3.25. Cumulatively these amendments represent an increase of $366.7M over the original contract values.
The average contract duration was 5.66 years, and the average contract value (not including contracts under $10k) was $32.2M. The longest contract was 17.2 years. The largest contract by value (including amendments) was $459.1M.
