Sun Life 2012 Annual Report Download - page 25

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Financial Highlights
($ millions, unless otherwise noted) 2012 2011(1)
Total Company (Combined Operations)
Net income (loss)
Operating net income (loss)(2) 1,679 34
Reported net income (loss) 1,554 (370)
Operating net income (loss) excluding the net impact of market factors(2) 1,600 n/a
Diluted EPS ($)
Operating EPS (diluted)(2) 2.83 0.06
Reported EPS (diluted) 2.59 (0.64)
Basic EPS ($)
Operating EPS (basic)(2) 2.83 0.06
Reported EPS (basic) 2.62 (0.64)
Return on equity (%)
Operating ROE(2) 12.3% 0.3%
Reported ROE 11.4% (2.7)%
Dividends per common share 1.44 1.44
Dividend payout ratio 56% n/m
Dividend yield 6.3% 6.5%
MCCSR ratio (Sun Life Assurance) 209% 211%
Continuing Operations
Net income (loss)
Operating net income (loss) from Continuing Operations(2) 1,479 533
Reported net income (loss) from Continuing Operations 1,374 225
Diluted EPS ($)
Operating EPS from Continuing Operations (diluted)(2) 2.49 0.92
Reported EPS from Continuing Operations (diluted) 2.29 0.39
Basic EPS ($)
Operating EPS from Continuing Operations (basic)(2) 2.49 0.92
Reported EPS from Continuing Operations (basic) 2.32 0.39
Premiums and deposits from Continuing Operations
Net premium revenue 8,247 8,238
Segregated fund deposits 6,935 7,508
Mutual fund sales(2) 43,303 28,941
Managed fund sales(2) 43,851 28,019
ASO premium and deposit equivalents(2) 5,737 5,661
Total premiums and deposits(2) 108,073 78,367
Assets under management (Combined Operations) (as at December 31)
General fund assets 133,127 130,071
Segregated fund assets 92,655 88,183
Mutual fund assets(2) 142,569 110,524
Managed fund assets(2) 164,245 136,599
Other AUM(2) 226 380
Total AUM(2) 532,822 465,757
Capital (Combined Operations) (as at December 31)
Subordinated debt and other capital(3) 3,436 3,441
Participating policyholders’ equity 128 123
Total shareholders’ equity 16,623 15,521
Total capital 20,187 19,085
(1) Some periods have been restated. See Accounting Adjustments.
(2) Represents a non-IFRS financial measure. See Use of Non-IFRS Financial Measures.
(3) Other capital refers to SLEECS, which qualify as capital for Canadian regulatory purposes. See Capital and Liquidity Management – Capital in this MD&A.
Management’s Discussion and Analysis Sun Life Financial Inc. Annual Report 2012 23