Sun Life Financial: A Leading International Financial Services Provider

For over 155 years, Sun Life Financial has been serving customers in Asia, Canada, and the United States. As a global financial services provider, we help people make informed decisions and live better lives. Our principal operations are based in Toronto, Canada, where our global headquarters is located.

Through Manulife Investment Management, our global wealth and asset management segment, we serve individuals, institutions, and retirement plan members worldwide. We offer financial advice and insurance services across Canada, Asia, Europe, and the United States under various brands, including Manulife, John Hancock, Canada Life, Empower, Putnam Investments, and Irish Life.

Our company has a strong presence in the regions we operate in, with approximately 28,000 employees, 215,000 advisor relationships, and thousands of distribution partners. We serve over 33 million customer relationships across these regions.

As an international financial services holding company, our interests span life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. Our companies are committed to enhancing the reporting of insurance business under IFRS as issued by the International Accounting Standards Board (IASB).

Recently, we jointly released a document with Manulife Financial Corporation and Great-West Lifeco Inc. entitled 'Overview of earnings presentation and reporting under the new IFRS 17 accounting standard.' This document provides our collective view on certain presentation and reporting concepts expected under IFRS 17, including a simplified income statement, an illustration of the drivers of earnings analysis, and definitions of select key performance indicators.

The adoption of IFRS 17 is expected to enhance the reporting of insurance business under this global accounting standard. We would like to reassure our stakeholders that the adoption of IFRS 17 will not change the underlying fundamentals of our businesses, our financial strength, or our ability to pay claims.

At Sun Life Financial, we are committed to providing excellent service and products to our customers while maintaining our strong financial foundation.

Sun life insurance company