Sun Life 2010 Annual Report Download - page 25

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Financial Highlights
($ millions, unless otherwise noted) 2010 2009 2008
Common shareholders’ net income (loss) Operating(1) 1,583 561 (40)
Reported 1,583 534 785
Basic reported EPS ($) 2.79 0.95 1.40
Diluted EPS(1) Operating(1) 2.76 0.99 (0.10)
Reported 2.76 0.94 1.37
ROE (%) Operating(1) 9.9% 3.5% -0.3%
Reported 9.9% 3.4% 5.1%
Dividends per common share ($) 1.44 1.44 1.44
Dividend payout ratio(2) (%) 52% 152% 103%
Dividend yield(3) (%) 5.0% 5.4% 3.8%
MCCSR ratio(4) 228% 221% 232%
Total Revenue 24,640 27,572 15,563
Premiums, deposits and fund sales
Premium revenue, including administration services only premium equivalents 17,768 20,004 18,613
Segregated fund deposits 10,554 11,060 10,919
Mutual fund sales 28,468 24,642 19,327
Managed fund sales 29,641 33,525 20,944
Total premiums, deposits and fund sales 86,431 89,231 69,803
Assets under management (as at December 31)(5)
General fund assets 120,859 120,091 119,842
Segregated fund assets 88,911 81,305 65,762
Mutual fund assets(5) 107,263 96,077 83,602
Managed fund assets(5) 146,486 134,121 110,405
Other AUM(5) 729 1,046 1,490
Total AUM(5) 464,248 432,640 381,101
Capital (as at December 31)
Subordinated debt and other capital(6) 4,385 4,692 3,726
Participating policyholders’ equity 114 107 106
Total shareholders’ equity 18,245 17,230 17,226
Total capital 22,744 22,029 21,058
(1) All EPS measures refer to diluted EPS, unless otherwise stated. Operating earnings, operating EPS and operating ROE are non-GAAP measures and exclude certain items
described under the heading Non-GAAP Financial Measures.
(2) The dividend payout ratio represents the ratio of common shareholders’ dividends to reported common shareholders’ net income.
(3) The dividend yield represents the common dividend per share as a percentage of the average of the high and low share price.
(4) Represents the MCCSR ratio of Sun Life Assurance.
(5) AUM, mutual fund assets, managed fund assets, other AUM and total AUM are non-GAAP financial measures. For additional information, see the section under the heading
Non-GAAP Financial Measures.
(6) Other capital refers to Sun Life ExchangEable Capital Securities (“SLEECS”), which qualify as capital for Canadian regulatory purposes. Additional information is available in
the section Capital and Liquidity Management under the heading Capital.
Management’s Discussion and Analysis Sun Life Financial Inc. Annual Report 2010 21