sun life financial's 142nd annual general meeting
TRANSCRIPT
13th Annual Meeting of Common Shareholders of Sun Life Financial Inc.
142nd Annual Meeting of Voting Policyholders and the Shareholder of
Sun Life Assurance Company of Canada
MAY 8, 2013
James H. SutcliffeChairman of the BoardSun Life Financial
13th Annual Meeting of Common Shareholders of Sun Life Financial Inc.
142nd Annual Meeting of Voting Policyholders and the Shareholder of
Sun Life Assurance Company of Canada
BallotsBlue Ballot – Sun Life Financial Inc.• Election of Directors• Appointment of the Auditor • Advisory Vote on Executive Compensation
Yellow Ballot – Sun Life Assurance Company of Canada• Election of Policyholders’ Directors• Appointment of the Auditor
13th Annual Meeting of Common Shareholders of Sun Life Financial Inc.
142nd Annual Meeting of Voting Policyholders and the Shareholder of
Sun Life Assurance Company of Canada
13th Annual Meeting of Common Shareholders of Sun Life Financial Inc.
Sun Life Financial Inc.Blue Ballot • Election of Directors• Appointment of the Auditor• Advisory Vote on Executive Compensation
142nd Annual Meeting of Voting Policyholders and the Shareholder of
Sun Life Assurance Company of Canada
Sun Life Assurance Company of CanadaYellow Ballot• Election of Policyholders’ Directors
Written Resolution• Election of Shareholder’s Directors
Yellow Ballot • Appointment of the Auditor
MAY 8, 2013
Dean A. ConnorPresident and Chief Executive OfficerSun Life Financial
Our Four Pillar Growth StrategyBecome the best performing life insurer in Canada
Enhance our leadership position in U.S. group insurance and become top 5 in voluntary benefits
Grow our asset management business globally
Grow Asia to become a more significant part of Sun Life’s results
Strong performance in 2012• Operating net income was $1.68 billion• Operating Return on Equity (ROE) grew to 12.3%• Assets under management (AUM) a record $533 billion• MCCSR ratio at 209%
Reducing risk• In the U.S., discontinued sale of individual life insurance and annuities
• In Canada, de-risked and re-priced products
• Sale of our U.S. annuity business cuts our equity and interest risk in half
Our Four Pillar Growth StrategyBecome the best performing life insurer in Canada
Enhance our leadership position in U.S. group insurance and become top 5 in voluntary benefits
Grow our asset management business globally
Grow Asia to become a more significant part of Sun Life’s results
Our Four Pillar Growth Strategy – Canada
• Over 3,700 advisors coast to coast
• #2 in Individual Life and Health
• #1 in Group Benefits and Group Retirement Services
• Sun Life Global Investments had $2 billion in sales and AUM of $6 billion
Our Four Pillar Growth Strategy – U.S.
• Grew our distribution force
• Launched new products and tools, and simplified processes
• Generated strong sales growth
Our Four Pillar Growth Strategy – MFS
• Record gross sales
• AUM grew to US$323 billion
• New offices and added distribution strength
• Consistent, high performance
Our Four Pillar Growth Strategy – Asia
• In Hong Kong, jumped to #3 in net flows
• In the Philippines, maintained #1 position and grew sales by 58%
• In Indonesia, grew our agency force to 5,000+
Strong performance in 2012
• Insurance sales grew by 9%
• Adjusted premiums and deposits grew by 35%
• Value of New Business grew by 38%
Global footprint
• Announced our expansion into Malaysia
• Obtained regulatory approval to commence operations in Vietnam
Intensifying customer focus
Money for Life™
Customer experience
Questions
13th Annual Meeting of Common Shareholders of Sun Life Financial Inc.
142nd Annual Meeting of Voting Policyholders and the Shareholder of
Sun Life Assurance Company of Canada