Sun Life Financial's 142nd Annual General Meeting
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This document summarizes the agenda and presentations for the 13th Annual Meeting of Common Shareholders of Sun Life Financial Inc. and the 142nd Annual Meeting of Voting Policyholders and the Shareholder of Sun Life Assurance Company of Canada. The agenda included elections of directors and appointment of auditors. Presentations discussed Sun Life's four pillar growth strategy, strong financial performance in 2012, risk reduction activities, and focus on customer experience.
Sun Life Financial's 142nd Annual General Meeting
- 1. 13th Annual Meeting of Common Shareholders of Sun Life Financial Inc. 142nd Annual Meeting of Voting Policyholders and the Shareholder of Sun Life Assurance Company of Canada
- 2. MAY 8, 2013 James H. Sutcliffe Chairman of the Board Sun Life Financial
- 3. 13th Annual Meeting of Common Shareholders of Sun Life Financial Inc. 142nd Annual Meeting of Voting Policyholders and the Shareholder of Sun Life Assurance Company of Canada
- 4. Ballots Blue Ballot – Sun Life Financial Inc. • Election of Directors • Appointment of the Auditor • Advisory Vote on Executive Compensation Yellow Ballot – Sun Life Assurance Company of Canada • Election of Policyholders’ Directors • Appointment of the Auditor
- 5. 13th Annual Meeting of Common Shareholders of Sun Life Financial Inc. 142nd Annual Meeting of Voting Policyholders and the Shareholder of Sun Life Assurance Company of Canada
- 6. 13th Annual Meeting of Common Shareholders of Sun Life Financial Inc.
- 7. Sun Life Financial Inc. Blue Ballot • Election of Directors • Appointment of the Auditor • Advisory Vote on Executive Compensation
- 8. 142nd Annual Meeting of Voting Policyholders and the Shareholder of Sun Life Assurance Company of Canada
- 9. Sun Life Assurance Company of Canada Yellow Ballot • Election of Policyholders’ Directors Written Resolution • Election of Shareholder’s Directors Yellow Ballot • Appointment of the Auditor
- 10. MAY 8, 2013 Dean A. Connor President and Chief Executive Officer Sun Life Financial
- 11. Our Four Pillar Growth Strategy Become the best performing life insurer in Canada Enhance our leadership position in U.S. group insurance and become top 5 in voluntary benefits Grow our asset management business globally Grow Asia to become a more significant part of Sun Life’s results
- 12. Strong performance in 2012 • Operating net income was $1.68 billion • Operating Return on Equity (ROE) grew to 12.3% • Assets under management (AUM) a record $533 billion • MCCSR ratio at 209%
- 13. Reducing risk • In the U.S., discontinued sale of individual life insurance and annuities • In Canada, de-risked and re-priced products • Sale of our U.S. annuity business cuts our equity and interest risk in half
- 14. Our Four Pillar Growth Strategy Become the best performing life insurer in Canada Enhance our leadership position in U.S. group insurance and become top 5 in voluntary benefits Grow our asset management business globally Grow Asia to become a more significant part of Sun Life’s results
- 15. Our Four Pillar Growth Strategy – Canada • Over 3,700 advisors coast to coast • #2 in Individual Life and Health • #1 in Group Benefits and Group Retirement Services • Sun Life Global Investments had $2 billion in sales and AUM of $6 billion
- 16. Our Four Pillar Growth Strategy – U.S. • Grew our distribution force • Launched new products and tools, and simplified processes • Generated strong sales growth
- 17. Our Four Pillar Growth Strategy – MFS • Record gross sales • AUM grew to US$323 billion • New offices and added distribution strength • Consistent, high performance
- 18. Our Four Pillar Growth Strategy – Asia • In Hong Kong, jumped to #3 in net flows • In the Philippines, maintained #1 position and grew sales by 58% • In Indonesia, grew our agency force to 5,000+
- 19. Strong performance in 2012 • Insurance sales grew by 9% • Adjusted premiums and deposits grew by 35% • Value of New Business grew by 38%
- 20. Global footprint • Announced our expansion into Malaysia • Obtained regulatory approval to commence operations in Vietnam
- 22. Money for Life™
- 30. Questions
- 31. 13th Annual Meeting of Common Shareholders of Sun Life Financial Inc. 142nd Annual Meeting of Voting Policyholders and the Shareholder of Sun Life Assurance Company of Canada