Financial highlights1
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Financial highlights1
Financial Metric |
Q1 2025 |
Q4 2024 |
Q1 2024 |
Full Year 2024 |
Full Year 2023 |
---|---|---|---|---|---|
Underlying net income ($ millions)2 |
1,045 |
965 |
875 |
3,856 |
3,728 |
Reported net income ($ millions)3 |
928 |
237 |
818 |
3,049 |
3,086 |
Diluted underlying EPS ($)2 |
1.82 |
1.68 |
1.50 |
6.66 |
6.36 |
Diluted reported EPS ($) |
1.62 |
0.41 |
1.40 |
5.26 |
5.26 |
Underlying ROE2 |
17.7% |
16.5% |
16.0% |
17.2% |
17.8% |
Reported ROE2 |
15.7% |
4.0% |
15.0% |
13.6% |
14.7% |
SLF Inc. LICAT ratio4 |
149% |
152% |
148% |
152% |
149% |
Assets under management ($ billions)2 |
1,551 |
1,542 |
1,470 |
1,542 |
1,400 |
Number of common shares outstanding (in millions) |
567.6 |
573.9 |
582.5 |
573.9 |
584.6 |
Dividend per common share ($) |
0.84 |
0.84 |
0.78 |
3.24 |
3.00 |
Book value per common share ($) |
40.84 |
40.63 |
37.41 |
40.63 |
36.51 |
1 All numbers are: unaudited, impacted by rounding, and in Canadian dollars, unless otherwise noted.
2 Represents a non-IFRS financial measure. Refer to section N – Non-IFRS Financial Measures in our MD&A for the period ended March 31, 2025 for further information.
3 Reported net income (loss) refers to Common shareholders' net income (loss) determined in accordance with IFRS.
4 Life Insurance Capital Adequacy Test (“LICAT”) ratio of SLF Inc. Our LICAT ratios are calculated in accordance with the OSFI-mandated guideline. OSFI's 2023 LICAT Guideline, effective January 1, 2023, specifies that available capital for LICAT purposes includes Contractual Service Margin. Prior period restatement and resubmissions are not mandated.