Impact of IFRS 17 changes slide image

Impact of IFRS 17 changes

Strong medium-term financial objectives reflect the benefits of our diversified business mix 8-10% 18%+ 40-50% UNDERLYING EPS GROWTH 1, 2 Expect positive underlying net income² growth from 2022 (IFRS 4) to 2023 (IFRS 17) Underlying EPS growth medium-term objective resumes in 2024+ UNDERLYING RETURN ON EQUITY 1, 2 •⚫ At transition, transfer from shareholders' equity to liabilities, largely reflecting CSM Good earnings growth from our attractive mix of businesses UNDERLYING DIVIDEND PAYOUT RATIO 1, 2 Positive impact to LICAT ratio on transition No change to capital generation and deployment flexibility SUN LIFE I FR S 1 7 • MAY 2022 Note: This slide contains forward-looking statements. Refer to "Forward-looking statements" on slide 3 for more information Footnotes 1-2: Refer to slide 32 8
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