Sun Life 2015 Annual Report Download - page 18

Financial Highlights
($ millions, unless otherwise noted) 2015 2014 2013(2)
Net income (loss)
Operating net income (loss)(1) 2,253 1,920 1,943
Reported net income (loss) 2,185 1,762 1,696
Underlying net income (loss)(1) 2,305 1,816 1,581
Diluted EPS ($)
Operating EPS (diluted)(1) 3.68 3.13 3.21
Reported EPS (diluted) 3.55 2.86 2.78
Underlying EPS (diluted)(1) 3.76 2.96 2.61
Reported basic EPS ($) 3.57 2.88 2.81
Dividends per common share 1.51 1.44 1.44
Dividend payout ratio(3) 43% 50% nm(4)
Dividend yield 3.6% 3.7% 4.6%
MCCSR ratio(5) 240% 217% 219%
Return on equity (%)
Operating ROE(1) 12.6% 12.2% nm(6)
Underlying ROE(1) 12.8% 11.6% n/a
Premiums and deposits
Net premium revenue 10,395 9,996 9,639
Segregated fund deposits 12,047 9,249 8,470
Mutual fund sales(1) 76,551 66,619 65,030
Managed fund sales(1) 31,079 29,868 39,965
ASO premium and deposit equivalents(1) 7,078 6,748 5,973
Total premiums and deposits(1) 137,150 122,480 129,077
Assets under management
General fund assets 155,413 139,419 123,390
Segregated fund assets 91,440 83,938 76,141
Mutual fund assets(1) 296,438 240,397 199,925
Managed fund assets and other AUM(1) 348,041 270,688 240,381
Total AUM(1) 891,332 734,442 639,837
Capital
Subordinated debt and innovative capital instruments(7) 3,189 2,865 3,099
Participating policyholders’ equity 168 141 127
Total shareholders’ equity 21,250 18,731 17,227
Total capital 24,607 21,737 20,453
(1) Represents a non-IFRS financial measure. See Non-IFRS Financial Measures.
(2) The 2013 results are from the Continuing Operations of the Company. For additional information, see the section in this MD&A under the heading Financial Performance –
Discontinued Operations.
(3) See Capital and Liquidity Management – Shareholder Dividends section in this MD&A for further information regarding dividends.
(4) This measure is not meaningful as our Dividend payout ratio of 93% disclosed in 2013 was based on reported net income including Continuing Operations and Discontinued
Operations. For additional information, see the section in this MD&A under the heading Financial Performance – Discontinued Operations.
(5) MCCSR ratio of Sun Life Assurance.
(6) This measure is not meaningful as our Operating ROE of 14.8% disclosed in 2013 was from Continuing Operations and Discontinued Operations, which is not comparable
given the change in the composition of the business. For additional information, see the section in this MD&A under the heading Financial Performance – Discontinued
Operations.
(7) Innovative capital instruments consist of SLEECS which qualify as capital for Canadian regulatory purposes. For additional information, see the section in this MD&A under
the heading Capital and Liquidity Management – Capital.
16 Sun Life Financial Inc. Annual Report 2015 Management’s Discussion and Analysis