Sun Life Financial Inc. · TSX:SLF
Sun Life Financial — Investor Day (2024)
20 slides from Sun Life Financial's investor day presentation, 2024
Slide 1: Canada: Playing to Win
Canada Playing to Win
Slide 2: Jacques Goulet, Executive Chair, Sun Life Canada
JACQUES GOULET Executive Chair, Sun Life Canada 2
Slide 3: Leader in health, wealth and asset management, and protection in Canada
• Proven track record of sustained growth supports thesis that Canada is a growth market • Our strategic priorities to sustain market leadership: (1) Strengthen and expand health, (2) Accelerate wealth and asset management, (3) Evolve distribution Leader in health, wealth • Personalized OneSun exper
Slide 4: Sun Life Canada Overview
SUN LIFE CANADA OVERVIEW Our Purpose: Help Canadians achieve lifetime financial security and live healthier lives Leader in health, wealth and asset management, and protection in Canada Strategic assets • Connections to Canadians through our leading group businesses 40% 30% 30% • Innovative offering
Slide 5: Proven track record of sustained growth supports thesis that Canada is a growth market
PROVEN TRACK RECORD OF SUSTAINED GROWTH SUPPORTS THESIS THAT CANADA IS A GROWTH MARKET FOR SUN LIFE Underlying Net Income1 Underlying Return on Equity1 ($M) 6% CAGR 1,376 21.4% 1,012 823 14.4% 11.2% 2014 2019 2023 2014 2019 2023 Industry leading results 1 Represents a non-IFRS financial measure. Ref
Slide 6: Sun Life is well-positioned to support growing needs of Canadians
SUN LIFE IS WELL-POSITIONED TO SUPPORT GROWING NEEDS OF CANADIANS Wealth Health and asset Protection management Increasingly strained Aging population and Persistent protection gap healthcare ecosystem preparing for retirement among Canadians 1 in 5 1 in 5 40%+ Canadians do not have a Canadians are
Slide 7: Path to win: driving growth by serving more of our Clients' needs
PATH TO WIN: DRIVING GROWTH BY SERVING MORE OF OUR CLIENTS’ NEEDS Wealth Health and asset Protection management Supporting Client needs to deepen and broaden their relationship with Sun Life OneSun Digital Distribution 7
Slide 8: Strengthening and expanding our health business
STRENGTHENING AND EXPANDING OUR HEALTH BUSINESS Strengthen our leadership Diversify through Create an integrated digital in group benefits health adjacencies health and benefits experience Strengthening value for Sponsors Respiratory Care Program Innovative heath solutions Canadian Dental Care Plan
Slide 9: Accelerating wealth and asset management
ACCELERATING WEALTH AND ASSET MANAGEMENT Driving growth across our continuum Deepening Client relationships Expanding presence Pension risk transfer Group retirement Rollover Insurance Clients Retail wealth Leading and innovative 15%+ Sun Life annual 10%+ Sun Life annual Becoming a primary Leveragin
Slide 10: Innovating our protection business
INNOVATING OUR PROTECTION BUSINESS Surfacing protection needs throughout our Clients’ lifetime and providing solutions at the right moment while driving a diversified product mix to strengthen our portfolio Diabetes term insurance Evolve term insurance Family protection bundle + Diabetes care progra
Slide 11: Evolve distribution
EVOLVE DISTRIBUTION Serving, advising, and delivering for Canadians in their channel of choice based on needs and preferences Group Retirement Rollover Sun Life Face-to-Face Advisors Third Party Advisors Group Benefits Digital Health Prospr by Sun Life Worksite Retail 11
Slide 12: Personalized OneSun experience enables us to serve more of our Clients' needs
PERSONALIZED ONESUN EXPERIENCE ENABLES US TO SERVE MORE OF OUR CLIENTS’ NEEDS AND MAXIMIZE THE VALUE OF EVERY CLIENT RELATIONSHIP Personalized financial roadmaps … and improve Client satisfaction help us serve more Client needs … Clients with 2+ solutions1 Client satisfaction (CSAT)2 2.3x 1.5x 70% 7
Slide 13: Unlocking value through digital
UNLOCKING VALUE THROUGH DIGITAL A few examples: Virtual primary and mental health platform digitally serving 3.2M Members and their families; ~4k daily interactions Retail virtual pharmacy platform empowering Canadians to manage their medications and health (e.g., diabetes, respiratory health) Using
Slide 14: Jessica Tan, President, Sun Life Canada
JESSICA TAN President, Sun Life Canada 14
Slide 15: Drive earnings growth
DRIVE EARNINGS GROWTH Strong execution on our strategic priorities, sustained financial discipline and focused investments will continue to drive earnings growth1 UNDERLYING NET INCOME1,2 GROWTH PER ANNUM 6%+ 1 These targets are forward-looking within the meaning of applicable securities laws. For m
Slide 16: Leader in health, wealth and asset management, and protection in Canada
• Proven track record of sustained growth supports thesis that Canada is a growth market • Our strategic priorities to sustain market leadership: (1) Strengthen and expand health, (2) Accelerate wealth and asset management, (3) Evolve distribution Leader in health, wealth • Personalized OneSun exper
Slide 17: Appendix
Appendix Sun Life | investor vay 7
Slide 18: Forward-Looking Statements
In this presentation, Sun Life Financial Inc. (“SLF” or “SLF Inc.”), its subsidiaries and, where applicable, its joint ventures and associates are collectively referred to as “we”, “us”, “our”, “Sun Life” and the “Company”. Reported net income (loss) refers to Common shareholders' net income (loss)
Slide 19: Use of Non-IFRS Financial Measures
Use of Non-IFRS Financial Measures The Company prepares its financial statements in accordance with international financial reporting standards (“IFRS”). This presentation includes financial measures that are not based on IFRS (“non-IFRS financial measures”). We report certain financial information
Slide 20: Endnotes
Endnotes Slide 4: 2 Figure as at September 30, 2024. Slide 6: 1 Canadian Medical Association Journal. 2 Bank of Canada – Economic Progress report. 3 Deloitte – Confronting the growing retirement gap. 4 LIMRA 2023 Canadian Insurance Barometer Study. Slide 9: 1 Inception in 2008. 2 Inception in 2009.