Impact of IFRS 17 changes
Asset Management, Canada and the U.S., which comprise a majority
of earnings, will have no to moderate impact
Asset Management
No impact
U.S.
Canada
Asia
Low impact
Group businesses mostly
not impacted
• In-force Management run-
off business has transition
impacts
Moderate impact
Group and wealth
businesses have low
impact (2/3 of earnings ¹)
• Traditional insurance
business has higher
impact driven by deferral
of new business gains²
•
•
Higher impact
Traditional insurance
business has higher impact
driven by deferral of new
business gains
Fee income for VUL³
contracts will be deferred
over the life of contract
Wealth and asset
management businesses
have no impact
(~20% of earnings¹)
SUN
LIFE
IFRS
1 7
•
MAY
2022
Note: This slide contains forward-looking statements. Refer to "Forward-looking statements" on slide 3 for more information
Footnotes 1-3: Refer to slide 32
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