Financial highlights

Continuing Operations
C$ millions 1, 2
(unless otherwise noted)
Q3 2014
Q2 2014
Q3 2013
Full Year 2012
Full Year 2013
Operating net income 3 467 488 422 1,479 1,943
Reported net income 435 425 324 1,374 1,696
Underlying net income 3 517 499 448 1,271 1,581
Diluted Operating EPS ($) 0.76 0.80 0.69 2.49 3.21
Diluted Underlying EPS ($) 0.84 0.81 0.74 2.14 2.61
Number of common shares outstanding (in millions) 612.7 611.4 607.1 599.6 609.4
Operating ROE 3, 4 11.9% 12.6% 12.6% 12.5% 14.8%
Underlying ROE 3 13.1% 12.9% n/a n/a n/a
Premiums and deposits 5 29,124 28,876 33,747 112,361 129,077
MCCSR 6 218% 222% 216% 209% 219%
Dividend per share 0.36 0.36 0.36 1.44 1.44

1 All numbers are unaudited. All numbers are 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. As a result of this transaction, we have defined this 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 Premiums and deposits represents a non-IFRS financial measure.
6 Minimum Continuing Capital and Surplus Requirements (MCCSR) ratio of Sun Life Assurance Company of Canada.