C$ millions 1, 2
(unless otherwise noted)
|Operating net income 3||488||454||431||1,479||1,943|
|Reported net income||425||400||391||1,374||1,696|
|Underlying net income 3||499||440||373||1,271||1,581|
|Diluted Operating EPS ($)||0.80||0.74||0.71||2.49||3.21|
|Diluted Underlying EPS ($)||0.81||0.72||0.62||2.14||2.61|
|Number of common shares outstanding (in millions)||611.4||610.6||605.8||599.6||609.4|
|Operating ROE 3, 4||12.6%||12.0%||12.8%||12.5%||14.8%|
|Underlying ROE 3||12.9%||11.6%||n/a||n/a||n/a|
|Premiums and deposits 5||28,876||32,710||34,108||112,361||129,077|
|Dividend per share||0.36||0.36||0.36||1.44||1.44|
1 All numbers unaudited. All numbers in Canadian dollars $ millions, unless otherwise noted.
2 Effective August 1, 2013 we completed the sale of 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 transaction, 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”), underlying net income (loss), underlying earnings (loss) per share and underlying ROE are not based on International Financial Reporting Standards. All EPS measures refer to diluted EPS, unless otherwise stated. Beginning this quarter we are disclosing underlying net income (loss), which replaces operating net income (loss) excluding the net impact of market factors that was reported in prior quarters.
4 Measures derived from equity are presented on a Combined Operations basis.
5 Minimum Continuing Capital and Surplus Requirements (MCCSR) ratio of Sun Life Assurance Company of Canada.
6 Premiums and deposits represents a non-IFRS financial measure.