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Financial results and reports

Quarterly results

Review financial results for the most recently ended quarter and past quarters.

Quarterly results

Quarterly reports archive

Annual reports

Read about our financial performance and achievements as well as our strategy for the future.

2023 annual report

Financial highlights1

Q3 2024

Q2 2024

Q3 2023

Full Year 2023

Full Year 20222

Underlying net income ($ millions)3

1,016

1,000

930

3,728

3,369

Reported net income ($ millions)4

1,348

646

871

3,086

2,871

Diluted underlying EPS ($)3

1.76

1.72

1.59

6.36

5.75

Diluted reported EPS ($)

2.33

1.11

1.48

5.26

4.89

Underlying ROE3

17.9%

18.1%

17.7%

17.8%

17.0%

Reported ROE3

23.8%

11.7%

16.6%

14.7%

14.5%

SLF Inc. LICAT ratio5

152%

150%

147%

149%

142%6

Assets under management ($ billions)3

1,515

1,465

1,340

1,400

1,319

Number of common shares outstanding (in millions)

576.5

578.4

584.3

584.6

586.4

Dividend per common share ($)

0.81

0.81

0.75

3.00

2.76

Book value per common share ($)

39.88

37.70

35.91

36.51

34.60

1 All numbers are: unaudited, impacted by rounding, and in Canadian dollars, unless otherwise noted.

2 2022 restated results may not be fully representative of our future earnings profile, as we were not managing our asset and liability portfolios under the new standards, IFRS 17 and IFRS 9. For more details, see the heading "Note to Readers: 2022 Restated Results on Adoption of IFRS 17 and IFRS 9" in section A - How We Report Our Results in our Management’s Discussion & Analysis (MD&A) for the period ended December 31, 2023, available at Sedar Plus.

3 Represents a non-IFRS financial measure. Refer to section N – Non-IFRS Financial Measures in our MD&A for the period ended September 30, 2024 for further information.

4 Reported net income (loss) refers to Common shareholders' net income (loss) determined in accordance with IFRS.

5 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. Pro-forma January 1, 2023 LICAT ratios are disclosed to illustrate transition impact. These pro-forma calculations will not be formally submitted to OSFI.

6 As at January 1, 2023, upon transition to IFRS 17.

Sun Life is one of the 2020 Global 100 Most Sustainable Corporations in the World.