DOCSLIB.ORG

Q2'21 Investor Presentation

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Q2'21 Investor Presentation Q2 2021 Building Sustainable Shareholder Value Business overview Business group results & highlights Capital management Asset portfolio Sustainability 2 A $37.4 billion leading global financial services organization1 Offices in 27 markets* 42,100 Employees* 140,900 Advisors* Operating through a balanced and diversified model and focused on creating shareholder value now and in the future *At the end of 2020. Includes Asia joint ventures. S U N L I F E • Q 2 2 0 2 1 Map is as of March 31, 2021. 1 Market capitalization (C$) as at June 30, 2021 3 The Sun Life story • A diversified business model, with four strong pillars that can each compete, win and grow in their respective markets and that leverage each other • Bound together by a strong balance sheet and risk culture, including no U.S. Variable Annuity or U.S. Long-Term Care • Building on momentum created by past organic investments and acquisitions that will help drive earnings growth • Digital transformation that is deeply embedded throughout the organization • Purpose-driven sustainability plan focused on what we know best to maximize our contribution to society S U N L I F E • Q 2 2 0 2 1 4 Executing on our ambition to be one of the best insurance and asset management companies globally A Leader in Insurance and A Leader in U.S. Wealth Solutions in our CAN US Group Benefits Canadian Home Market A Leader in Asia A Leader in Global AM ASIA through Distribution Asset Management Excellence in Higher Growth Markets Top quartile Superior business Strong and total Exceptional Superior business mix and distinct talent shareholder Client service execution and culture return positioning S U N L I F E • Q 2 2 0 2 1 5 Consistently delivering value to shareholders 5-year total shareholder return 1 Progress on medium-term objectives June 30, 2021 Medium-term objective Q2 2021 Sun Life 12.7% Underlying ROE2 TSX 10.8% 12-14% 16.0% Global lifecos 10.8% Underlying EPS growth2 8-10% 19% Canadian lifecos 10.7% Dividend payout ratio2,3 U.S. lifecos 12.1% 37% 40-50% 1 Source: Bloomberg; Companies included in these peer groups are listed in the appendix S U N L I F E • Q 2 2 0 2 1 2 Underlying ROE, EPS, and dividend payout ratio arenon-IFRS financial measures. See “Use of Non-IFRS Financial Measures” and “Reconciliation of Select Net Income Measures” in the appendix 6 3 On March 13, 2020, OSFI set the expectation for all federally regulated financial institutions that dividend increases shouldbe halted for the time being Digital transformation deeply embedded throughout the organization Building new digital models and a partnership ecosystem • Asia digital sales channels, including affordable products through online marketplace Lazada • Lumino Health and Sun Life GO in Canada • Turnkey Absence capabilities through FullscopeRMS in U.S. Group Benefits • Building digital expertise and ecosystems • Making equity investments in early stage partners • Investing in key technologies to drive global growth • Exploring strategic collaborations with start-ups, accelerators and established networks • Continuing to enhance connectivity into the benefits ecosystem, including APIs with key benefits and HR platforms Using digital to be personal, predictive, and proactive • Predictive models for advisor recruiting and Client retention in Asia • Digital coach Ella in Canada • Accelerated underwriting capabilities to reduce the need for lab tests for life insurance products in Canada • Leverage Maxwell and predictive analytics that proactively nudge members to close coverage gaps in U.S. Digitizing current interactions and processes • Asia point of sale tools (needs, illustration, application, fulfillment) and new non-face-to-face sales capabilities for advisors • Web and mobile functionality in Canada and Asia • Expanded web and mobile capabilities and streamlined claims experience in the U.S. • End-to-end virtual enrollment solutions with text and chat capabilities in the U.S. • In Canada, launched Investment GIF e-App and Sun e-App, streamlining and digitizing end-to-end Client processes S U N L I F E • Q 2 2 0 2 1 7 Balanced and diversified business Business type diversification Business Group diversification Q2 2021 underlying net income1,2 Q2 2021 underlying net income1,2 Run-off UK 7% Asia 2% Asset 16% Asset Wealth Management 33% Management 15% 33% U.S. 18% Group Individual Canada Insurance Insurance 31% 21% 24% 1 S U N L I F E • Q 2 2 0 2 1 Excludes Corporate Support 2 Represents a non-IFRS financial measure. See “Use of Non-IFRS Financial Measures” and “Reconciliation of Select Net Income Measures” in the appendix to these slides 8 Leveraging global trends • Demographic shifts: Changing population including the aging of Baby Boomers and growth in wealth/financial needs of Millennials • Digital transformation: Digital, data and analytics changing Client behaviours and expectations • Growing prosperity in Asia: Growing demand for products and services as hundreds of millions of people move to the middle class • Attention on health: Individuals and employers focused on physical, mental, and financial health and wellness • Shift in nature of work: Rise in the gig economy creating opportunities to provide savings, benefits, and protection solutions • Continued growth of alternatives: Economic and market conditions increasing investor demand for alternative asset classes S U N L I F E • Q 2 2 0 2 1 9 Business overview Business group results & highlights Capital management Asset portfolio Sustainability 10 Business group performance Reported net income ($ millions) Underlying net income1 ($ millions) Impact of currency decreased reported net income by $70M Impact of currency decreased underlying net income by $75M +245% +33% (1)% +13% +3% +34% +20% +6% Constant +245% +52% +13% +3% +51% +34% +17% currency +26% 404 311 281 290 259 223 221 157 165 143 144 152 118 117 126 123 CORP CORP CAN U.S. AM ASIA (25) CAN U.S. AM ASIA (35) (65) (68) ◼ Q2’20 ◼ Q2’21 S U N L I F E • Q 2 2 0 2 1 1 Represents a Non-IFRS financial measure. See “Use of Non-IFRS Financial Measures” and “Reconciliation of Select Net Income Measures” in the appendix 11 Canada is a growth market for Sun Life Q2’21 highlights Underlying net income1 • Ella, our digital coach, proactively nudged Clients in the first half of 2021, ($ millions) 1,073 1,111 driving an additional $488 million in wealth deposits, and $664 million in 1,036 1,012 insurance coverage • Augmented our predictive underwriting models with the help of advanced data Interest on and analytics, allowing Clients aged 18 to 40 to qualify for up to $5 million in par seed capital2 life insurance coverage without the need for lab exams; this capability 2018 2019 2020 LTM Q2’213 enhances the Client experience and provides greater flexibility Market position by business • In Q2, digitally processed: st Individual insurance4 ✓ 91% of retail insurance applications 1 st Group Benefits5 ✓ 81% of retail wealth transactions 1 ✓ 96% of Group Benefits health and dental claims 1st Group Retirement Services6 1 Represents a non-IFRS financial measure. See “Use of Non-IFRS 4 LIMRA Market Share by premiums within individual life and health market as of first quarter 2021 Financial Measures” in the appendix 5 Based on revenue for year ended December 2020 from 2021 Group Benefits Provider Report S U N L I F E • Q 2 2 0 2 1 2 $75 million of interest on seed capital transferred from the 6 Based on total Capital Accumulation Plan assets for the year ended December 2020 from 2021 Fraser 12 participating account to the shareholder account Pension Universe Report 3 Last twelve months at June 30, 2021 Shaping the industry and capitalizing on opportunities in Canada Executing with financial discipline, Making it easier for Clients to Shaping the market as a leader and putting Clients at the centre do business with us in our Canadian home market • Putting our Clients at the centre and creating • Creating a leading One Sun Life digital • Leveraging our worksite advantage to enhance proactive, predictive and personal contact experience, digitizing key steps of our Client, our Client offerings and develop into adjacent throughout the Client journey Advisor and Sponsor journeys businesses for growth opportunities • Balancing top and bottom line growth through • Expanding our reach with proactive and relevant • Expanding our health and well-being role, to sustained expense discipline and prioritized connections through our digital coach, Ella own a space in the healthcare market and investments proactively build healthy workplaces • Building Lumino Health Virtual Care capabilities • Optimizing our portfolio of businesses through for primary care to Group and Retail Clients, and • Extending our leadership in the growing pension strategic actions to enhance our positioning paramedical virtual solutions to providers risk transfer market through our innovative Defined Benefits Solutions offering • Engaged employees driven by attracting, • Invested in and partnered with Dialogue to developing and retaining diverse top talent offer virtual care to our Clients1 online and • Accelerating our wealth presence through Sun through a mobile app Life Global Investments (SLGI) and Sun Life’s Guaranteed Investment Funds (Sun GIF) • Partnered with GoRendezvous and OnCall Health to enhance our virtual capabilities S U N L I F E • Q 2 2 0 2 1 1 Applicable to Group Benefits Clients who have extended health care benefits 13 Deepening Client relationships in U.S. Group Benefits Q2’21 highlights Underlying net income 1 • On July 1, 2021,
Load more

Recommended publications
  • Group Life Insurance Product Information Booklet
    GROUP LIFE INSURANCE PRODUCT INFORMATION BOOKLET July 2021 aia.com.au GROUP LIFE INSURANCE PRODUCT INFORMATION BOOKLET | About AIA Australia About AIA AIA Australia is a leading life insurance specialist with over AIA Group Limited and its subsidiaries (collectively “AIA” 48 years’ experience and a commitment to help Australians or the “Group”) comprise the largest independent publicly live healthier, longer, better lives. In 2014 the company listed pan-Asian life insurance group. It has a presence in launched AIA Vitality, a world leading, science-based health 18 markets across the Asia-Pacific region – whollyowned and wellbeing program, to the Australian market. In July branches and subsidiaries in Hong Kong SAR, Thailand, 2017, AIA and its partners launched AIA’s health insurance Singapore, Malaysia, Mainland China, South Korea, the business, now known as AIA Health Insurance. Philippines, Australia, Indonesia, Taiwan (China), Vietnam, New Zealand, Macau SAR, Brunei, Cambodia, Myanmar, and a In 2021, CommInsure Life was integrated into AIA Australia. 49 per cent joint venture in India. The lives of more than 3.8 million Australians are protected and enhanced through AIA Australia’s unique value proposition The business that is now AIA was first established in of life, health and wellbeing. Our vision is to embrace shared Shanghai a century ago in 1919. It is a market leader in value in championing Australia and New Zealand to be the the Asia-Pacific region (ex-Japan) based on life insurance healthiest and best protected nations in the world. premiums and holds leading positions across the majority of its markets. It had total assets of US$326 billion as of AIA Australia has been recognised with multiple awards, 31 December 2020.
    [Show full text]
  • Ethics Agreement in Order to Avoid Any Financial Conflict
    Date: 7 .-e-•15 Iett..% 1--4 17 MEMORANDUM FOR THE RECORD SUBJECT: Ethics Agreement In order to avoid any financial conflict of interest in violation of 18 U.S.C. § 208(a) or the appearance of a financial conflict of interest as defined in the Standards of Ethical Conduct for Employees of the Executive Branch, 5 C.F.R. § 2635.502, and to adhere to the Ethics Pledge instituted by Executive Order 13770 issued on January 28, 2017, and entitled "Ethics Commitments by Executive Branch Appointees" (the Ethics Pledge), I am issuing the following statement. I understand that as an appointee I must sign the Ethics Pledge and that I will be bound by the requirements and restrictions therein even if not specifically mentioned in this or any other ethics agreement. Before beginning my covered Federal position, I resigned from my non-Federal positions with the Association of State and Territorial Health Officials (ASTHO) and the State of Georgia on July 6, 2017. Pursuant to the Ethics Pledge, I will not, for a period of two years from the date of my appointment to my covered Federal position, participate in an official capacity in any particular matter involving specific parties that is directly and substantially related to ASTHO, unless an exception applies or I am granted a waiver. I understand that this provision in the Ethics Pledge does not apply to state government entities, including the State of Georgia. Even when the two-year restriction of the Ethics Pledge does not apply, under 5 C.F.R. § 2635.502, I will not, for a period of one year from the date of my resignation from ASTHO and the State of Georgia, participate in any particular matter involving specific parties in which ASTHO or the State of Georgia is a party or represents a party, unless I am first authorized to participate, pursuant to 5 C.F.R.
    [Show full text]
  • ESG Report 2020”)
    ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 2020 STOCK CODE 1299 AIA GROUP LIMITED 友邦保險控股有限公司 AIA GROUP LIMITED | Environmental, Social and Governance Report 2020 CONTENTS CONTENTS 1 2020 ESG AT-A-GLANCE 16 Health and 52 People and Culture 3 Chairman’s Statement Wellness 2020 ESG 55 Developing Our People AT-A-GLANCE 6 Statement from Group 18 Engaging and Inspiring 58 Diversity and Inclusion Chief Executive and Healthy Living CHAIRMAN’S 60 A Risk-aware Culture STATEMENT President Greater Access to 21 61 Recognising and Quality Care Rewarding Our People STATEMENT FROM 23 Champion Financial GROUP CHIEF 9 About This Report 66 SUPPLEMENT: EXECUTIVE AND Inclusion Supporting Our PRESIDENT 9 Who We Are 25 Delivering Better Health Employees During Outcomes COVID-19 ABOUT THIS 10 Our Purpose REPORT 11 Our ESG Strategy 30 SUPPLEMENT: Supporting Our HEALTH AND 14 Our Material Issues Communities Through 67 Effective WELLNESS 15 Our Approach to COVID-19 Governance ESG Reporting GREEN 69 Board Governance OPERATIONS 35 Green Operations 70 Effective Risk SUSTAINABLE Management and INVESTMENT 37 Digital Transformation Responsible Business 37 Encouraging Good Practices PEOPLE AND CULTURE ESG Practice 77 Promoting ESG Best 38 Green Buildings Practice EFFECTIVE 40 Reducing our Carbon 78 ESG Ratings and Index GOVERNANCE Footprint Inclusions OUR TCFD REPORT FEEDBACK 41 Sustainable 80 SUPPLEMENT: Our Investment TCFD Report GRI AND HKSE GUIDE CONTENT 43 ESG Engagements 81 Governance of Climate INDEX 46 ESG Training and Change Risks and Development Impacts 48 Broadening
    [Show full text]
  • Area Companies Offering Matching Gifts Below Is a Partial List of Area Companies Offering Matching Gifts
    Area Companies Offering Matching Gifts Below is a partial list of area companies offering matching gifts. Please check to see if your employer is on the list and/or check with your company if they offer the program. If your employer offers a matching gift program, please request a matching gift form from your employer or fill out their online form. Matching gifts can be made to the Tredyffrin Township Libraries, Paoli Library or Tredyffrin Public Library. Aetna FMC Corporation PNC Financial Services AIG GATX PPG Industries Air Products and Chemicals, Inc. GE Foundation PQ Corporation Allstate Foundation GlaxoSmithKline Procter & Gamble Altria Group, Inc. Glenmede Prudential Financial American Express Company Hillman Company PVR Partners, L.P. American International Group, Inc. Houghton Mifflin Quaker Chemical Corporation AmeriGas Propane, Inc. IBM Corporation Quest Diagnostics AON J.P. Morgan Chase Ross Arkema Inc. John Hancock Saint-Gobain Corporation Automatic Data Processing Johnson & Johnson Sandmeyer Steel Company AXA Foundation, Inc. JP Morgan Chase SAP Matching Gift Program Axiom Data, Inc. Kaplan Inc. Schering-Plough Foundation Bank of America Kellogg Schroder Investment Management Bemis Company Foundation KPMG LLP Shell Oil Company Berwind Corporation Liberty Mutual State Farm Companies Foundation BlackRock Lincoln Financial Group Subaru of America Boeing Company May Department Stores Sun Life Financial BP McDonald's Sun Microsystems, Inc Bristol-Myers Squibb Company McKesson Foundation Sunoco, Inc. C. R. Bard, Inc. Merck & Co., Inc. Tenet Healthcare Foundation CertainTeed Merrill Lynch Texas Instruments Charles Schwab Merrill Lynch ACE INA Foundation Chevron Corporation Microsoft AXA Foundation Chubb Group of Insurance Companies Minerals Technologies Inc. Dow Chemical Company CIGNA Foundation Mobil Foundation Inc.
    [Show full text]
  • Final Terms for Certificates Final Terms
    FINAL TERMS FOR CERTIFICATES FINAL TERMS DATED 15 JUNE 2020 BNP Paribas Issuance B.V. (incorporated in The Netherlands) (as Issuer) Legal entity identifier (LEI): 7245009UXRIGIRYOBR48 BNP Paribas (incorporated in France) (as Guarantor) Legal entity identifier (LEI): R0MUWSFPU8MPRO8K5P83 Up to 8,000 EUR “4Y Phoenix Snowball” Certificates relating to Assicurazioni Generali SpA Shares due 8 July 2024 ISIN Code: NL0015034828 under the Note, Warrant and Certificate Programme of BNP Paribas Issuance B.V., BNP Paribas and BNP Paribas Fortis Funding The Base Prospectus received visa no. 20-233 on 2 June 2020 BNP Paribas Arbitrage S.N.C. (as Manager) The Certificates are offered to the public in the Republic of Italy from 15 June 2020 to 26 June 2020 Any person making or intending to make an offer of the Securities may only do so: (i) in those Non-exempt Offer Jurisdictions mentioned in Paragraph 47 of Part A below, provided such person is a Manager or an Authorised Offeror (as such term is defined in the Base Prospectus) and that the offer is made during the Offer Period specified in that paragraph and that any conditions relevant to the use of the Base Prospectus are complied with; or (ii) otherwise in circumstances in which no obligation arises for the Issuer or any Manager to publish a prospectus pursuant to Article 3 of the Prospectus Regulation or to supplement a prospectus pursuant to Article 23 of the Prospectus Regulation, in each case, in relation to such offer. None of the Issuer, the Guarantor or any Manager has authorised, nor do they authorise, the making of any offer of Securities in any other circumstances.
    [Show full text]
  • Wilmington Funds Holdings Template DRAFT
    Wilmington Global Alpha Equities Fund as of 5/31/2021 (Portfolio composition is subject to change) ISSUER NAME % OF ASSETS USD/CAD FWD 20210616 00050 3.16% DREYFUS GOVT CASH MGMT-I 2.91% MORGAN STANLEY FUTURE USD SECURED - TOTAL EQUITY 2.81% USD/EUR FWD 20210616 00050 1.69% MICROSOFT CORP 1.62% USD/GBP FWD 20210616 49 1.40% USD/JPY FWD 20210616 00050 1.34% APPLE INC 1.25% AMAZON.COM INC 1.20% ALPHABET INC 1.03% CANADIAN NATIONAL RAILWAY CO 0.99% AIA GROUP LTD 0.98% NOVARTIS AG 0.98% TENCENT HOLDINGS LTD 0.91% INTACT FINANCIAL CORP 0.91% CHARLES SCHWAB CORP/THE 0.91% FACEBOOK INC 0.84% FORTIVE CORP 0.81% BRENNTAG SE 0.77% COPART INC 0.75% CONSTELLATION SOFTWARE INC/CANADA 0.70% UNITEDHEALTH GROUP INC 0.70% AXA SA 0.63% FIDELITY NATIONAL INFORMATION SERVICES INC 0.63% BERKSHIRE HATHAWAY INC 0.62% PFIZER INC 0.62% TOTAL SE 0.61% MEDICAL PROPERTIES TRUST INC 0.61% VINCI SA 0.60% COMPASS GROUP PLC 0.60% KDDI CORP 0.60% BAE SYSTEMS PLC 0.57% MOTOROLA SOLUTIONS INC 0.57% NATIONAL GRID PLC 0.56% PUBLIC STORAGE 0.56% NVR INC 0.53% AMERICAN TOWER CORP 0.53% MEDTRONIC PLC 0.51% PROGRESSIVE CORP/THE 0.50% DANAHER CORP 0.50% MARKEL CORP 0.49% JOHNSON & JOHNSON 0.48% BUREAU VERITAS SA 0.48% NESTLE SA 0.47% MARSH & MCLENNAN COS INC 0.46% ALIBABA GROUP HOLDING LTD 0.45% LOCKHEED MARTIN CORP 0.45% ALPHABET INC 0.44% MERCK & CO INC 0.43% CINTAS CORP 0.42% EXPEDITORS INTERNATIONAL OF WASHINGTON INC 0.41% MCDONALD'S CORP 0.41% RIO TINTO PLC 0.41% IDEX CORP 0.40% DIAGEO PLC 0.40% LENNOX INTERNATIONAL INC 0.40% PNC FINANCIAL SERVICES GROUP INC/THE 0.40% ACCENTURE
    [Show full text]
  • Part VII Transfers Pursuant to the UK Financial Services and Markets Act 2000
    PART VII TRANSFERS EFFECTED PURSUANT TO THE UK FINANCIAL SERVICES AND MARKETS ACT 2000 www.sidley.com/partvii Sidley Austin LLP, London is able to provide legal advice in relation to insurance business transfer schemes under Part VII of the UK Financial Services and Markets Act 2000 (“FSMA”). This service extends to advising upon the applicability of FSMA to particular transfers (including transfers involving insurance business domiciled outside the UK), advising parties to transfers as well as those affected by them including reinsurers, liaising with the FSA and policyholders, and obtaining sanction of the transfer in the English High Court. For more information on Part VII transfers, please contact: Martin Membery at [email protected] or telephone + 44 (0) 20 7360 3614. If you would like details of a Part VII transfer added to this website, please email Martin Membery at the address above. Disclaimer for Part VII Transfers Web Page The information contained in the following tables contained in this webpage (the “Information”) has been collated by Sidley Austin LLP, London (together with Sidley Austin LLP, the “Firm”) using publicly-available sources. The Information is not intended to be, and does not constitute, legal advice. The posting of the Information onto the Firm's website is not intended by the Firm as an offer to provide legal advice or any other services to any person accessing the Firm's website; nor does it constitute an offer by the Firm to enter into any contractual relationship. The accessing of the Information by any person will not give rise to any lawyer-client relationship, or any contractual relationship, between that person and the Firm.
    [Show full text]
  • Axa Press Release
    AXA PRESS RELEASE PARIS, FEBRUARY 23, 2017 Full Year 2016 Earnings On track towards Ambition 2020 targets Underlying earnings per share up 4% to Euro 2.24 Dividend of Euro 1.16 per share, up 5% from FY15, to be proposed by the Board of Directors Solvency II ratio of 197%, up 6 pts from 9M16 “With the commitment and the engagement of our teams, we have delivered a strong performance in the first year of our new Ambition 2020 plan”, said Thomas Buberl, Chief Executive Officer of AXA. “We recorded Euro 5.7 billion in underlying earnings, a growth of 4% on a per share basis, despite continued low interest rates and market volatility. We generated over Euro 6.2 billion of operating free cash flows and our Solvency II ratio of 197% remained well within our target range. In this context, the Board of Directors is proposing a dividend of Euro 1.16 per share, an increase of 5% versus last year, which corresponds to a payout ratio of 48%.” “AXA’s revenues crossed the Euro 100 billion mark for the first time in the company’s history. In Life & Savings, we continued to grow our profitable Protection & Health and capital light Savings businesses, in line with our strategy. In Property & Casualty, we grew in both personal and commercial lines. We also experienced significant positive net inflows in Asset Management.” “We are on track on the headline targets of our Ambition 2020 plan, focusing on the execution of clear management levers, and pursuing the transformation of the Group towards becoming the innovation leader in insurance and empowering people
    [Show full text]
  • I AXA Group Solvency Ratio
    REGISTRATION DOCUMENT ANNUAL FINANCIAL REPORT 2016 CERTAIN PRELIMINARY INFORMATION ABOUT THIS ANNUAL REPORT 1 Group profi le 4 Chairman and Chief Executive Offi cer’s messages 6 THE AXA GROUP 9 1.1 Key fi gures 11 1.2 History 15 1 1.3 Business overview 17 CONTENTS ACTIVITY REPORT AND CAPITAL MANAGEMENT 27 2.1 Market environment 28 2.2 Operating Highlights 33 2 2.3 Activity Report 38 2.4 Liquidity and capital resources 93 2.5 Events subsequent to December 31, 2016 100 2.6 Outlook 101 CORPORATE GOVERNANCE 103 3.1 Corporate governance structure – A balanced and effi cient governance 104 3.2 Executive compensation and share ownership 136 3 3.3 Related-party transactions 171 RISK FACTORS AND RISK MANAGEMENT 177 4.1 Risk factors 178 4.2 Internal control and risk management 190 4 4.3 Market risks 204 4.4 Credit risk 211 4.5 Liquidity risk 214 4.6 Insurance risks 215 4.7 Operational risk 219 4.8 Other material risks 220 CONSOLIDATED FINANCIAL STATEMENTS 223 5.1 Consolidated statement of fi nancial position 224 5.2 Consolidated statement of income 226 5 5.3 Consolidated statement of comprehensive income 227 5.4 Consolidated statement of changes in equity 228 5.5 Consolidated statement of cash fl ows 232 5.6 Notes to the Consolidated Financial Statements 234 5.7 Report of the Statutory Auditors on the consolidated fi nancial statements 370 SHARES, SHARE CAPITAL AND GENERAL INFORMATION 373 6.1 AXA shares 374 6.2 Share capital 375 6 6.3 General information 381 CORPORATE RESPONSIBILITY 391 7.1 General information 392 7.2 Social information 393 7 7.3 Environmental
    [Show full text]
  • Q1 2020 Building Sustainable Shareholder Value Business Overview
    Q1 2020 Building Sustainable Shareholder Value Business overview Update in light of COVID-19 Business group results & highlights Capital management Asset portfolio Sustainability 2 A $26.51 billion leading global financial services organization Offices in 40,600 Employees 125,900 advisors 27 markets 2 2 2 Operating through a balanced and diversified model and focused on creating shareholder value now and in the future SUN LIFE • Q1 2020 1 Market capitalization in C$ as at March 31, 2020 3 2 As at December 31, 2019. Includes Asia joint ventures The Sun Life story • A diversified business model, with four strong pillars that can each compete, win and grow in their respective sectors and which leverage each other • Bound together by a strong balance sheet and risk culture, including no U.S. Variable Annuity or U.S. Long-Term Care • Digital transformation that is deeply embedded throughout the organization • Building on momentum created by past organic investments and acquisitions that will help drive earnings growth SUN LIFE • Q1 2020 4 Executing on our ambition to be one of the best insurance and asset management companies globally A Leader in Insurance and A Leader in U.S. Wealth Solutions in our CAN US Group Benefits Canadian Home Market A Leader in Asia A Leader in Global AM ASIA through Distribution Asset Management Excellence in Higher Growth Markets Each pillar Top quartile Disproportionate Top quartile total viewed as a Client share of top shareholder leader experience talent return SUN LIFE • Q1 2020 5 Consistently delivering value to shareholders 5-year total shareholder return1 Progress on medium-term objectives March 31, 2020 Sun Life 6.9% Medium-term objective Q1 2020 TSX 0.9% Underlying ROE2 12-14% 14.2% Canadian lifecos 0.0% Underlying EPS growth2 9% Global lifecos (1.2)% 8-10% Dividend payout ratio2 U.S.
    [Show full text]
  • Ng Keng Hooi to Retire As AIA Group Chief Executive and President to Be Succeeded by Lee Yuan Siong from 1 June 2020
    This announcement is for information purposes only and does not constitute an invitation or offer by any person to acquire, purchase or subscribe for securities. This announcement is not, and is not intended to be, an offer of securities of the Company for sale in the United States. The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the U.S. Securities Act. There is not, and is not intended to be, any public offering of the securities of the Company in the United States. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Ng Keng Hooi to retire as AIA Group Chief Executive and President To be succeeded by Lee Yuan Siong from 1 June 2020 HONG KONG, 22 November 2019 – AIA Group Limited (“AIA” or the “Company”) announces today that its Group Chief Executive and President, Ng Keng Hooi, has informed the Board of Directors of the Company (the “Board”) of his intention to retire from his executive positions with the Company and its subsidiaries (the “Group”) effective 31 May 2020.
    [Show full text]
  • Michael Bender Aegon Financial Services Group, Inc
    Michael Bender Aegon Financial Services Group, Inc. [email protected] Saul Herrera Aegon Financial Services Group, Inc. [email protected] Kunwar Ajit Aegon USA Life [email protected] Sarah Baldwin AIG SunAmerica Life Assurance Company [email protected] David Golik AIG SunAmerica Life Assurance Company [email protected] Carol Albright Allstate Life Insurance Company [email protected] Suzanne Dela Cruz Allstate Life Insurance Company [email protected] Laurie Gama Allstate Life Insurance Company [email protected] Steve Gil AXA Equitable Life Insurance Company [email protected] Robert Muller AXA Equitable Life Insurance Company [email protected] Bradley Levine Blue Frog Solutions, Inc. [email protected] Robert Marone Blue Frog Solutions, Inc. [email protected] Christopher Pernicano Blue Frog Solutions, Inc. [email protected] Richard Cenci Depository Trust & Clearing Corp. [email protected] Steven Acosta Depository Trust & Clearing Corporation (The) [email protected] Gary Apruzzese Depository Trust & Clearing Corporation (The) [email protected] Gina Eslinger Depository Trust & Clearing Corporation (The) [email protected] Mark Goldfarb Depository Trust & Clearing Corporation (The) [email protected] Randi Gordon Depository Trust & Clearing Corporation (The) [email protected] Craig Gurien Depository Trust & Clearing Corporation (The) [email protected] Susan Nugent Depository Trust & Clearing Corporation (The) [email protected] Jeanann Smith Depository Trust & Clearing
    [Show full text]