Sun Life hosts Investor Day 2024 in Toronto
Sun Life Financial (TSX: SLF) (NYSE: SLF) is hosting its Investor Day 2024 in Toronto, featuring presentations on digital leadership, client impact, and insights into its four business groups: Asset Management, Canada, U.S., and Asia. The company announced updates to its Medium-Term Financial Objectives, including an increase in Underlying Earnings Per Share growth to 10% per annum and Underlying Return on Equity to 20%, while maintaining its Underlying Dividend Payout Ratio objective at 40-50%. Management highlighted the company's focus on capital-light businesses and strong balance sheet as strategic growth drivers.
Sun Life Financial (TSX: SLF) (NYSE: SLF) sta ospitando il suo Investor Day 2024 a Toronto, con presentazioni sulla leadership digitale, l'impatto sui clienti e approfondimenti sui suoi quattro gruppi di business: Gestione Patrimoniale, Canada, Stati Uniti e Asia. L'azienda ha annunciato aggiornamenti sui suoi Obiettivi Finanziari a Medio Termine, inclusa un aumento nella crescita degli Utili per Azione Sottostanti del 10% annuo e un Rendimento del Capitale Sottostante del 20%, mantenendo il suo obiettivo di Rapporto di Distribuzione del Dividendo Sottostante tra il 40 e il 50%. La direzione ha evidenziato l'attenzione dell'azienda su attività a bassa intensità di capitale e un solido bilancio come motori strategici di crescita.
Sun Life Financial (TSX: SLF) (NYSE: SLF) está organizando su Día del Inversor 2024 en Toronto, con presentaciones sobre liderazgo digital, impacto en los clientes y perspectivas sobre sus cuatro grupos de negocio: Gestión de Activos, Canadá, EE. UU. y Asia. La compañía anunció actualizaciones sobre sus Objetivos Financieros a Mediano Plazo, incluyendo un aumento en el crecimiento de Beneficios Subyacentes por Acción del 10% por año y un Retorno sobre el Patrimonio Subyacente del 20%, mientras mantiene su objetivo de Ratio de Distribución de Dividendos Subyacentes en un 40-50%. La dirección destacó el enfoque de la empresa en negocios con bajo requerimiento de capital y un sólido balance como motores estratégicos de crecimiento.
Sun Life Financial (TSX: SLF) (NYSE: SLF)는 토론토에서 2024 투자자 데이를 개최하며, 디지털 리더십, 고객 영향 및 자산 관리, 캐나다, 미국, 아시아의 네 가지 사업 그룹에 대한 통찰력을 제공하는 프레젠테이션을 포함하고 있습니다. 회사는 기본 주당 이익 성장을 연간 10%로, 기본 자기자본 수익률을 20%로 증가시키는 등 중기 재무 목표에 대한 업데이트를 발표했습니다. 또한 기본 배당금 지급 비율 목표를 40-50%로 유지하고 있습니다. 경영진은 회사가 자본 경량 사업과 강력한 대차대조표에 집중하고 있는 것이 전략적 성장 동력이라고 강조했습니다.
Sun Life Financial (TSX: SLF) (NYSE: SLF) organise son Journée des Investisseurs 2024 à Toronto, avec des présentations sur le leadership numérique, l'impact clientèle et des éclairages sur ses quatre groupes d'activités : Gestion d'Actifs, Canada, États-Unis et Asie. L'entreprise a annoncé des mises à jour concernant ses Objectifs Financiers à Moyen Terme, y compris une augmentation de la Croissance des Bénéfices Sous-jacents par Action à 10 % par an et un Retour sur Capital Sous-jacent de 20 %, tout en maintenant son objectif de Taux de Distribution du Dividende Sous-jacent à 40-50 %. La direction a souligné l'accent mis sur les activités légères en capital et un bilan solide comme moteurs de croissance stratégique.
Sun Life Financial (TSX: SLF) (NYSE: SLF) veranstaltet seinen Investor Day 2024 in Toronto, der Präsentationen zu digitaler Führung, Kundenimpact und Einblicke in seine vier Geschäftsfelder: Asset Management, Kanada, USA und Asien umfasst. Das Unternehmen gab Aktualisierungen zu seinen mittelfristigen finanziellen Zielen bekannt, darunter eine Erhöhung des Wachstums des Underlying Earnings Per Share auf 10 % pro Jahr und eine Underlying Return on Equity von 20 %, während das Ziel der Unterliegenden Dividendenquote bei 40-50 % bleibt. Das Management hob den Fokus des Unternehmens auf kapitalleichte Geschäftsmodelle und eine starke Bilanz als strategische Wachstumstreiber hervor.
- Increased Medium-Term Financial Objective for Underlying EPS growth to 10% per annum
- Raised Underlying ROE target to 20%
- Strong capital generation through focus on capital-light businesses
- Maintained stable dividend payout ratio objective of 40-50%
- None.
Insights
The announcement of increased Medium-Term Financial Objectives signals meaningful strategic shifts at Sun Life. The company's new target of
The focus on capital-light businesses and strong capital generation capacity positions Sun Life favorably in the current market environment. Their strategic emphasis on Asset Management, coupled with geographical diversification across Canada, U.S. and Asia, provides multiple growth vectors. The commitment to digital leadership could drive operational efficiencies and enhance client acquisition capabilities.
Several members of Sun Life's Senior Management Team will host presentations and interactive discussions on topics including: digital leadership, Client impact, and insights into Sun Life's four business groups ─ Asset Management,
"Over the past ten years, Sun Life's commitment to being a Purpose-driven company has not only delivered a robust track record of execution and financial performance, we've also showcased remarkable resilience in delivering a positive impact for our investors and Clients around the world," said Kevin Strain, President and CEO for Sun Life. "Our winning strategy anchored by our superior business mix has consistently played to win through organic growth, strategic acquisitions and partnerships. We're proud of the journey we've been on and the exciting future ahead for Sun Life as we continue to drive growth and value for all of our shareholders and Clients."
Mr. Strain added, "We're excited to elevate our focus with increases to the Company's Medium-Term Financial Objectives for Underlying Earnings Per Share (EPS)1 growth per annum to
"Our focus on capital light businesses has supported strong capital generation, delivered exceptional returns and created value for Sun Life investors," said Tim Deacon, Executive Vice-President and CFO for Sun Life. "Our strong balance sheet is a cornerstone of strength and will continue to serve as a strategic lever for our next stage of growth."
Sun Life's Investor Day 2024 details are below:
Date: Wednesday, November 13, 2024
Time: 8:00 a.m. – 1:00 p.m. ET
Location: In person at 1 York St. 35th floor,
The webcast replay will be available after the event.
Research analysts attending in-person will have the opportunity to participate in live Q&A sessions. For more information on the event and to access the slides from each presentation, please visit our Sun Life Investor Day 2024 page.
About Sun Life
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including
Sun Life Financial Inc. trades on the
Non-IFRS Financial Measures
Underlying EPS, Underlying ROE, and Underlying Dividend Payout Ratio are Non-IFRS financial measures.
We report certain financial information using non-IFRS financial measures, as we believe that these measures provide information that is useful to investors in understanding our performance and facilitate a comparison of our quarterly and full year results from period to period. These non-IFRS financial measures do not have any standardized meaning and may not be comparable with similar measures used by other companies. For certain non-IFRS financial measures, there are no directly comparable amounts under IFRS. These non-IFRS financial measures should not be viewed in isolation from or as alternatives to measures of financial performance determined in accordance with IFRS. Additional information concerning non-IFRS financial measures and, if applicable, reconciliations to the closest IFRS measures are available in the Management's Discussion and Analysis for the period ended September 30, 2024 (Q3 2024 MD&A) under the heading N - Non-IFRS Financial Measures and the Supplementary Financial Information packages that are available on www.sunlife.com under Investors – Financial results and reports.
Forward-Looking Statements
From time to time, the Company makes written or oral forward-looking statements within the meaning of certain securities laws, including the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements contained in this document include statements (i) relating to our strategies, plans, targets, goals and priorities; (ii) relating to our growth initiatives and other business objectives; (iii) that are predictive in nature or that depend upon or refer to future events or conditions; and (iv) that include words such as "achieve", "aim", "ambition", "anticipate", "aspiration", "assumption", "believe", "could", "estimate", "expect", "goal", "initiatives", "intend", "may", "objective", "outlook", "plan", "project", "seek", "should", "strategy", "strive", "target", "will", and similar expressions. Forward-looking statements include the information concerning our possible or assumed future results of operations. These statements represent our current expectations, estimates, and projections regarding future events and are not historical facts, and remain subject to change.
Forward-looking statements are not a guarantee of future performance and involve risks and uncertainties that are difficult to predict. Future results and shareholder value may differ materially from those expressed in these forward-looking statements due to, among other factors, the matters set out in this document under the headings C - Profitability - 5 - Income taxes, F - Financial Strength and I - Risk Management within the Q3 2024 MD&A and in SLF Inc.'s 2023 AIF under the heading Risk Factors, and the factors detailed in SLF Inc.'s other filings with Canadian and
Important risk factors that could cause our assumptions and estimates, and expectations and projections to be inaccurate and our actual results or events to differ materially from those expressed in or implied by the forward-looking statements contained in this document, are set out below. The realization of our forward-looking statements essentially depends on our business performance which, in turn, is subject to many risks. Factors that could cause actual results to differ materially from expectations include, but are not limited to: market risks - related to the performance of equity markets; changes or volatility in interest rates or credit spreads or swap spreads; real estate investments; fluctuations in foreign currency exchange rates; and inflation; insurance risks - related to mortality experience, morbidity experience and longevity; policyholder behaviour; product design and pricing; the impact of higher-than-expected future expenses; and the availability, cost and effectiveness of reinsurance; credit risks - related to issuers of securities held in our investment portfolio, debtors, structured securities, reinsurers, counterparties, other financial institutions and other entities; business and strategic risks - related to global economic and geopolitical conditions; the design and implementation of business strategies; changes in distribution channels or Client behaviour including risks relating to market conduct by intermediaries and agents; the impact of competition; the performance of our investments and investment portfolios managed for Clients such as segregated and mutual funds; shifts in investing trends and Client preference towards products that differ from our investment products and strategies; changes in the legal or regulatory environment, including capital requirements and tax laws; the environment, environmental laws and regulations; operational risks - related to breaches or failure of information system security and privacy, including cyber-attacks; our ability to attract and retain employees; legal, regulatory compliance and market conduct, including the impact of regulatory inquiries and investigations; the execution and integration of mergers, acquisitions, strategic investments and divestitures; our information technology infrastructure; a failure of information systems and Internet-enabled technology; dependence on third-party relationships, including outsourcing arrangements; business continuity; model errors; information management; liquidity risks - the possibility that we will not be able to fund all cash outflow commitments as they fall due; and other risks - changes to accounting standards in the jurisdictions in which we operate; risks associated with our international operations, including our joint ventures; market conditions that affect our capital position or ability to raise capital; downgrades in financial strength or credit ratings; and tax matters, including estimates and judgements used in calculating taxes.
The Company does not undertake any obligation to update or revise its forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.
Medium-Term Financial Objectives
Sun Life's medium-term financial objectives are forward-looking non-IFRS financial measures. Our ability to achieve those objectives is dependent on our success in achieving growth initiatives and business objectives and on certain key assumptions that are described in the Investor Day 2024 presentations. Additional information is provided in the Investor Day 2024 presentations on www.sunlife.com.
Although considered reasonable, we may not be able to achieve our medium-term financial objectives as the assumptions on which these objectives were based on may prove to be inaccurate. Accordingly, our actual results could differ materially from our medium-term financial objectives as described in this news release and the Investor Day presentations. Our medium-term financial objectives do not constitute guidance.
Footnotes |
Note to editors: All figures in Canadian dollars
Media Relations Contact: | Investor Relations Contact: |
Rajani Kamath | David Garg |
Associate Vice-President, | Senior Vice-President, Capital |
Corporate Communications | Management and Investor Relations |
T. 416-979-6070 | T. 416-408-8649 |
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SOURCE Sun Life Financial Inc.
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