Financial highlights

Continuing Operations
C$ millions 1
(unless otherwise noted)
Q2 2015
Q1 2015
Q2 2014
Full Year 2013
Full Year 2014
Operating net income 2 731 446 488 1,943 1,920
Reported net income 726 441 425 1,696 1,762
Underlying net income 2 615 516 499 1,581 1,816
Diluted Operating EPS ($) 1.19 0.73 0.80 3.21 3.13
Diluted Underlying EPS ($) 1.00 0.84 0.81 2.61 2.96
Number of common shares outstanding (in millions) 610.6 611.2 611.4 609.4 613.1
Operating ROE 2, 3 16.5% 10.4% 12.6% 14.8% 12.2%
Underlying ROE 2 13.9% 12.1% 12.9% n/a 11.6%
Premiums and deposits 4 35,720 36,754 28,876 129,077 122,480
MCCSR 5 223% 216% 222% 219% 217%
Dividend per share 0.38 0.36 0.36 1.44 1.44

1 All numbers are unaudited. All numbers are in Canadian dollar millions, unless otherwise noted.
2 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.
3 Measures derived from equity are presented on a Combined Operations basis.
4 Premiums and deposits represents a non-IFRS financial measure.
5 Minimum Continuing Capital and Surplus Requirements (MCCSR) ratio of Sun Life Assurance Company of Canada.