Sun Life Financial Inc. · TSX:SLF
Sun Life Financial — Q3 2008 Earnings Presentation
16 slides from Sun Life Financial's earnings presentation, Oct 31, 2008
Slide 1: Third Quarter 2008 Financial and Operating Results
Q3 Third Quarter 2008 Financial and Operating Results For the period ended September 30, 2008 Sun Life Financial Inc. (unaudited) October 31, 2008 Supplementary Slide Package Life’s brighter under the sun
Slide 2: Forward-Looking Statements
Forward-Looking Statements Q3 Certain statements in this document, including those relating to the Company’s strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects”, “anticipates”, “intends”, “pl
Slide 3: Q3 Fully Diluted Operating EPS
Q3 Fully Diluted Operating EPS Q3'07 Q3'08 1.01 (0.71) 3
Slide 4: Q3 Premiums and Deposits
Q3 Premiums and Deposits (C$ millions) 19,735 17,565 17,483 5,203 3,574 3,560 8,583 8,478 8,439 5,949 5,513 5,484 Q3'07 Q3'08 Constant Q3'08 Currency (1) Managed Funds Other Wealth Products Life & Health 4 (1) Includes mutual funds, segregated funds and annuities.
Slide 5: Q3 Value of New Business
Q3 Value of New Business (C$ millions) 1% 849 857 LTM Q3 '07 LTM Q3 '08 5 Note: All amounts are based on 2007 annual average exchange rates. MTNs MTNs are excluded and Q2 ’08 amounts are estimated. LTM refers to the last twelve months.
Slide 6: Q3 Assets Under Management
Q3 Assets Under Management (C$ billions) 496 492 481 481 452 Q3'07 Q4'07 Q1'08 Q2'08 Q3'08 (1) CI Financial 69 67 66 68 63 MFS and Other 241 238 228 226 207 Segregated Funds 73 73 72 73 69 General Funds 113 114 115 114 113 (1) Financial’s assets under management. CI Financial company reports. Includ
Slide 7: Q3 Capital Management
Q3 Capital Management 22.3% 22.0% 23.2% 24.4% 25.6% 212% 213% 209% 209% 202% Q3'07 Q4'07 Q1'08 Q2'08 Q3'08 MCCSR Ratio (1) Debt Ratio(2) (1) 7 (2) Represents the MCCSR ratio of Sun Life Assurance Company of Canada. Canada. Represents the ratio of sub debt, preferred shares, Partnership Capital Secur
Slide 8: Q3 SLF Canada
Q3 SLF Canada (C$ millions) Net Income 257 157 Q3'07 Q3'08 Group Wealth 46 48 Group Benefits 59 81 Individual Insurance & 152 28 Investments ROE 14.7% 8.8% 8
Slide 9: Q3 SLF Canada Individual Sales
Q3 SLF Canada Individual Sales Individual Insurance Individual Wealth (C$ millions) (C$ millions) 975 889 236 41 288 42 13 9 739 601 29 32 Q3'07 Q3'08 Q3'07 Q3'08 Sun Life Financial Advisors Wholesale Seg Funds & Other Mutual Funds 9
Slide 10: Q3 SLF Canada
Q3 SLF Canada Group Retirement Services Group Benefits DC Plan Assets Business In-Force (C$ billions) (C$ billions) 31.9 31.8 6.5 6.0 Q3'07 Q3'08 Q3'07 Q3'08 10
Slide 11: Q3 SLF U.S.
Q3 SLF U.S. (US$ millions) Net Income 162 (502) Q3'07 Q3'08 Employee Benefits 22 30 Group Individual Insurance 41 (76) Annuities 99 (456) ROE 14.7% nm 11
Slide 12: Q3 SLF U.S. Annuity Sales
Q3 SLF U.S. Annuity Gross Sales Annuity Net Sales (US$ millions) (Redemptions) 1,282 1,238 (US$ millions) 51 (274) Q3'07 Q3'08 Q3'07 Q3'08 Fixed 255 523 Fixed (248) 221 Fixed Index 97 74 Fixed Index (77) (72) Other Variable 159 167 Other Variable (19) 31 Variable 771 474 Variable 70 (129) 12
Slide 13: Q3 SLF U.S.
Q3 SLF U.S. Individual Insurance Employee Benefits Group Sales Business In-Force (US$ millions) (US$ billions) 2.0 2.0 182 71 37 30 (1) Core BOLI/COLI/PPVUL Q3'07 Q3'08 Q3'07 Q3'08 13 (1) Bank- Bank-owned life insurance (BOLI), Corporate- Corporate-owned life insurance (COLI), Private placement vari
Slide 14: Q3 MFS
Q3 MFS Net Income Pre-Tax (US$ millions) Operating Margin 65 36% 47 29% Q3'07 Q3'08 Q3'07 Q3'08 14
Slide 15: Q3 MFS
Q3 MFS Net Sales Assets Under Management (US$ billions) (US$ billions) (2.0) 204 (0.9) Q3’07 Q3’08 Q3'07 Q3'08 162 Retail Mutual Funds Gross New Sales 4.9 4.5 Redem ptions (6.3) (6.4) Net New Sales (1.4) (1.9) Managed Funds Net New Sales 0.5 (0.1) Total Net New Sales (0.9) (2.0) Q3'07 Q3'08 15
Slide 16: Q3 SLF Asia
Q3 SLF Asia Net Income Sales(1) (C$ millions) (C$ millions) 30 189 171 Q3'07 Q3'08 (8) Q3'07 Q3'08 ROE 10.9% (2.7%) (1) Company’s joint ventures in China and India. Includes 100% of the sales of the Company’ 16