Sun Life Financial Inc. Website

Sun Life Financial Inc.

TSX-SLF

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Premiums and Annuity Revenues

20,288

23,738

23,053

18,902

21,356

21,898

Total Interest And Dividend Income

5,855

5,407

6,272

1,570

1,993

2,351

Gain (Loss) on Sale of Investments, Total

7,285

7,311

-1,639

—

—

—

Other Revenues, Total

6,251

6,881

8,002

7,295

7,501

7,699

Total Revenues

39,679

43,337

35,688

27,767

30,850

31,948

Total Revenues % Chg.

47%

9.2%

-17.7%

-22.2%

11.1%

7.6%

Policy Benefits

28,618

31,890

21,207

13,690

15,319

15,776

Policy Acquisition / Underwriting Costs, Total

2,417

—

—

1,163

1,376

1,376

Selling General & Admin Expenses, Total

7,018

10,430

11,808

8,743

9,997

10,484

Other Operating Expenses

406

—

—

—

—

—

Reinsurance Income Or Expense

2,131

2,353

2,425

—

—

—

Total Operating Expenses

36,328

39,967

30,590

23,596

26,692

27,636

Operating Income

3,351

3,370

5,098

4,171

4,158

4,312

Interest Expense, Total

-333

-355

-327

-445

-552

-572

Currency Exchange Gains (Loss)

—

—

—

—

—

—

—

—

5

-23

-23

Other Non Operating Income (Expenses)

—

—

—

—

—

—

—

—

—

67

-102

EBT, Excl. Unusual Items

3,018

3,015

4,771

3,731

3,650

3,615

Restructuring Charges

—

—

—

—

—

—

—

—

—

Impairment of Goodwill

—

—

—

—

—

—

—

—

-170

—

—

Gain (Loss) on Sale of Assets

—

—

—

—

—

—

—

—

—

102

102

Asset Writedown

—

—

—

-15

-11

-9

-18

—

—

Other Unusual Items

—

—

—

—

—

—

—

—

—

—

161

EBT, Incl. Unusual Items

3,003

3,004

4,762

3,543

3,752

3,878

Income Tax Expense

286

495

727

546

461

610

Earnings From Continuing Operations

2,717

2,509

4,035

2,997

3,291

3,268

Minority Interest

—

—

—

—

—

-4

-11

—

-56

-126

-105

Net Income

2,713

2,498

4,035

2,941

3,165

3,163

Preferred Dividend and Other Adjustments

95

94

101

70

79

79

Net Income to Common Incl Extra Items

2,618

2,404

3,934

2,871

3,086

3,084

Net Income to Common Excl. Extra Items

2,618

2,404

3,934

2,871

3,086

3,084

Total Shares Outstanding

587.8

585.1

586

586.4

584.6

578.4

Weighted Avg. Shares Outstanding

592

585

586

586

586

583.5

Weighted Avg. Shares Outstanding Dil

597

589

590

589

589

586.5

EPS

4.4

4.1

6.7

4.9

5.3

5.3

EPS Diluted

4.4

4.1

6.7

4.9

5.3

5.3

EBITDA

3,656

3,698

5,457

4,586

4,638

4,807

Effective Tax Rate

9.5%

16.5%

15.3%

15.4%

12.3%

15.7%