Impact of IFRS 17 changes
Sun Life's financial position remains strong
IFRS 17 will impact presentation and timing of earnings recognition
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IFRS 17 will result in some key changes to the balance sheet and timing of income recognition for some
products
Shareholders' equity impact at transition is driven by new CSM liability, which qualifies as LICAT capital,
and is amortized into future income
Mid-single digit reduction to underlying net income¹ in 2022 comparative year;
3
Expect positive underlying net income growth from 2022 (IFRS 4) to 2023 (IFRS 17);
IFRS 17 underlying net income will be more stable
4 Strong capital position expected to improve at transition
SUN
LIFE
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1 7 • MAY 2022
Note: This slide contains forward-looking statements. Refer to "Forward-looking statements" on slide 3 for more information
Represents a non-IFRS financial measure. Refer to "Non-IFRS financial measures" on slide 3 for more information
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