2020 marked another year of progress for Sun Life. We achieved strong performance against our five-year medium-term financial objectives:
Full year 2020
Reported net income
Underlying net income
Assets under management
Underlying EPS growth
Dividend payout ratio
Cecil, a Sun Life Client from the Philippines, was diagnosed with stage 3 breast cancer. Her life-saving treatment was costly, and Cecil struggled to afford it, especially when COVID-19 negatively affected her husband’s business.
Thanks to Cecil’s Sun Life Critical Illness policy, some additional health benefits, and help from family and friends, Cecil received treatment and is now cancer-free.
Underpinned by our purpose, sustainability is a strategic priority for Sun Life and essential to our long-term success. We strive to embed sustainability in everything we do to drive the best social and economic outcomes for our Clients, employees, investors and communities. Our goal is to contribute to a healthier, more financially resilient, environmentally secure, socially just and economically prosperous world. Read about our sustainability efforts at sunlife.com/sustainability.
Financial reporting responsibilities
Consolidated financial statements
Notes to the consolidated financial statements
Appointed Actuary’s Report and Report of Independent Registered Public Accounting Firm
You can help us lighten our environmental footprint and cut down printed material by downloading the full Annual Report.
1Underlying net income, assets under management, underlying earnings per share (EPS), underlying return on equity (ROE) and dividend payout ratio represent non-IFRS financial measures. For additional information, see Non-IFRS financial measures in our 2020 Annual Management’s Discussion and Analysis.
2Underlying EPS growth is calculated using a compound annual growth rate. Underlying ROE and dividend payout ratio are calculated using an average.
*At the end of 2020. Includes Asia joint ventures.