The earnings call presented a strong performance with record-high AUM and increased earnings. Sun Life demonstrated robust growth in key segments and maintained a strong capital position. However, there were challenges related to credit experience and institutional outflows at MFS.

Company Guidance

During the Sun Life Financial Q3 2024 earnings call, the company reported strong financial performance with an EPS of $1.76, marking an 11% increase and surpassing their medium-term objective of 8% to 10% growth. Underlying and reported earnings both exceeded $1 billion, indicating robust profitability driven by their diversified business model. The company's underlying ROE stood at 17.9%, aligning with their financial goals, while the LICAT ratio was robust at 152%. Sun Life also raised their quarterly common share dividend and executed share buybacks worth $146 million, affirming their strong capital generation and commitment to shareholder returns. They achieved notable growth in sales across various segments, with Canada and U.S. group health and protection sales up 19%, individual protection sales up 9%, and an increase in asset management income, supported by an all-time high AUM over $1.5 trillion.

Strong Profitability and Growth

EPS was $1.76, up 11% from the previous year, surpassing the medium-term financial objective of 8% to 10%. Both underlying and reported earnings exceeded $1 billion.

Record Assets Under Management

AUM reached an all-time high, surpassing $1.5 trillion, primarily driven by strong equity markets and asset management capabilities.

Improved Group Health and Protection Earnings

Group Health and Protection businesses contributed 31% to underlying earnings, up 21% year-over-year, due to strong business growth in Canada and the U.S.

Capital Generation and Shareholder Returns

Strong capital position with LICAT ratio at 152%, dividend increase, and $146 million share buyback demonstrate robust capital generation.

Asia Sales Momentum

Individual protection sales in Asia were up 19% year-over-year, driven by higher sales in Hong Kong, India, and Indonesia.

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Sun Life Financial (GB:0VJA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0VJA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 08, 2018	2018 (Q2)	- / 1.20	1.12	7.14% (+0.08)	―	―
Nov 07, 2018	2018 (Q3)	- / 1.20	1.05	14.29% (+0.15)	―	―
Feb 13, 2019	2018 (Q4)	- / 1.19	1.05	13.33% (+0.14)	―	―
May 08, 2019	2019 (Q1)	- / 1.20	1.26	-4.76% (-0.06)	―	―
Jul 31, 2019	2019 (Q2)	- / 1.24	1.2	3.33% (+0.04)	―	―
Nov 06, 2019	2019 (Q3)	- / 1.37	1.2	14.17% (+0.17)	―	―
Feb 12, 2020	2019 (Q4)	- / 1.34	1.19	12.61% (+0.15)	―	―
May 05, 2020	2020 (Q1)	- / 1.31	1.2	9.17% (+0.11)	―	―
Aug 06, 2020	2020 (Q2)	- / 1.26	1.24	1.61% (+0.02)	―	―
Nov 04, 2020	2020 (Q3)	- / 1.44	1.37	5.11% (+0.07)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0VJA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 04, 2024	C$76.63	C$76.63	0.00%
Aug 12, 2024	C$65.11	C$66.66	+2.38%
May 09, 2024	C$70.02	C$70.02	0.00%
Feb 07, 2024	C$67.78	C$67.64	-0.20%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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