Sun Life’s investor toolkit is intended to help investors gain insight into our business strategies, financial results and other key facts about our company.
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Sun Life’s 4 pillar strategy
Our business strategy is concentrated on businesses that we expect will generate strong growth, a higher return on equity and lower volatility. The Company will concentrate its resources on 4 pillars of growth. The growth strategy includes:
C$ millions (1) (2)
(unless otherwise noted)
|Operating net income(3)||448||333||437||1,479|
|Reported net income||410||284||405||1,374|
|Diluted Operating EPS ($)||0.75||0.56||0.74||2.49|
|Premiums and deposits(6)||28,917||31,882||25,074||108,073|
|Number of common shares outstanding (in millions)||600.0||599.6||590.9||587.8|
|Dividend per share||0.36||0.36||0.36||1.44|
1) All numbers unaudited. All numbers in Canadian dollars $ millions, unless otherwise noted.
2) On December 17, 2012, we entered into a definitive stock purchase agreement pursuant to which we agreed to sell our U.S. annuities business and certain of our U.S. life insurance businesses (collectively, our “U.S. Annuity Business”). As a result of this agreement, we have defined our U.S. Annuity Business as “Discontinued Operations”, the remaining operations as “Continuing Operations”, and the total Discontinued Operations and Continuing Operations as “Combined Operations”.
3) Operating net income (loss) and financial information based on operating net income (loss), such as operating earnings (loss) per share (“EPS”), operating return on equity (“ROE”) and operating net income (loss) excluding the net impact of market factors, are not based on IFRS. All EPS measures refer to diluted EPS, unless otherwise stated.
4) Measures derived from equity will be presented on a Combined Operations basis until the sale of our U.S. Annuities Business has completed.
5) Minimum Continuing Capital and Surplus Requirements (MCCSR) ratio of Sun Life Assurance Company of Canada.
6) Adjusted premiums and deposits is a non-IFRS financial measure that excludes the impact of foreign exchange, reinsurance for the insured business in SLF Canada’s Group Benefits operations, and net premiums from the domestic Individual Life operations in SLF U.S. that closed to new sales effective December 30, 2011.