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Sun Life Financial reports third quarter results      5-Nov-09 11:38 am    
Sun Life Financial reports third quarter results
Note to Editors: All figures shown in Canadian dollars unless otherwise noted.
TORONTO (November 5, 2009) – Sun Life Financial Inc. (TSX/NYSE: SLF) reported a net loss of $140 million
for the third quarter of 2009, compared with a net loss of $396 million in the same period last year. The diluted loss
per share was $0.25 compared to a diluted loss per share of $0.71 in the third quarter of 2008. Return on equity was
negative 3.5% for the third quarter of 2009.
The net loss in the third quarter of 2009 was primarily driven by the implementation of certain equity- and interest
rate-related actuarial assumption updates previously announced on August 6, 2009. While favourable equity
markets provided some earnings momentum, third quarter results were adversely affected by reserve increases for
downgrades on the Company’s investment portfolio.
The Board of Directors of Sun Life Financial today declared a quarterly shareholder dividend of $0.36 per common
share, maintaining its current quarterly dividend.
"There is underlying strength in our business but we continue to face challenging economic headwinds," said
Donald A. Stewart, Chief Executive Officer, Sun Life Financial. "Earnings in the third quarter were negatively
impacted by previously announced actuarial assumption updates as well as credit markets." He added, "There are
encouraging signs of progress including strong net flows and asset levels which reached a 12-month high at MFS.
Our Canadian business reflects a strong brand and distribution, our U.S. business continues to benefit from
enhanced distribution and strong annuity sales, and we are well positioned in our international markets."

http://www.sunlife.com/static/global/fil...

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Q3 supplementary financial information
http://www.sunlife.com/static/global/fil...
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