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Quarterly results
Review financial results for the most recently ended quarter and past quarters.
Financial highlights
| Q4 2022 | Q3 2022 | Q4 2021 | Full Year 2022 | Full Year 2021 | |
|---|---|---|---|---|---|
| Reported net income ($ millions) | 951 | 466 | 1,078 | 3,060 | 3,934 |
| Underlying net income ($ millions)2 | 990 | 949 | 898 | 3,674 | 3,533 |
| Diluted reported EPS ($) | 1.62 | 0.80 | 1.83 | 5.21 | 6.69 |
| Diluted underlying EPS ($)2 | 1.69 | 1.62 | 1.53 | 6.27 | 6.03 |
| Reported ROE2 | 15.1% | 7.6% | 18.0% | 12.5% | 17.1% |
| Underlying ROE2 | 15.7% | 15.5% | 15.0% | 15.1% | 15.4% |
| SLF Inc. LICAT ratio3 | 130% | 129% | 145% | 130% | 145% |
| Assets under management ($ billions)2 | 1,326 | 1,275 | 1,445 | 1,326 | 1,445 |
| Number of common shares outstanding (in millions) | 586.4 | 586.1 | 586.0 | 586.4 | 586.0 |
| Dividend per common share ($) | 0.72 | 0.69 | 0.66 | 2.76 | 2.31 |
1 All numbers are: unaudited, impacted by rounding, and in Canadian dollars, unless otherwise noted.
2 Represents a non-IFRS financial measure. Refer to the Non-IFRS Financial Measures section in our MD&A for the period ended December 31, 2022.
3 Life Insurance Capital Adequacy Test (“LICAT”) ratio of SLF Inc.; our LICAT ratios are calculated in accordance with OSFI-mandated guideline, Life Insurance Capital Adequacy Test.