Press Release: Sun Life Reports Third Quarter 2021 Results
Press Release: Sun Life Reports Third Quarter 2021 Results
Sun Life Reports Third Quarter 2021 Results
永明人壽公佈2021年第三季度業績
PR Newswire
美通社
TORONTO, Nov. 3, 2021
多倫多，2021年11月3日
Sun Life Financial Inc. ("SLF Inc."), its subsidiaries and, where applicable,
its joint ventures and associates are collectively referred to as "the
Company", "Sun Life", "we", "our", and "us". We manage our operations and
report our financial results in five business segments: Canada, United States
("U.S."), Asset Management, Asia, and Corporate. The information in this
document is based on the unaudited interim financial results of SLF Inc. for
the period ended September 30, 2021 and should be read in conjunction with the
interim management's discussion and analysis ("MD&A") and our unaudited
interim consolidated financial statements and accompanying notes ("Interim
Consolidated Financial Statements") for the period ended September 30, 2021,
prepared in accordance with International Financial Reporting Standards
("IFRS"). We report certain financial information using non-IFRS financial
measures. For more details, refer to the Non-IFRS Financial Measures section
in this document. Additional information relating to SLF Inc. is available on
www.sunlife.com under Investors -- Financial results and reports, on the SEDAR
website at www.sedar.com, and on the U.S. Securities and Exchange Commission's
website at www.sec.gov. Reported net income (loss) refers to Common
shareholders' net income (loss) determined in accordance with IFRS. Unless
otherwise noted, all amounts are in Canadian dollars.
------------------------------------------------------------------------------ 永明人壽金融公司(“SLF公司”)、其子公司，以及在適用的情況下，其合資企業和聯營企業統稱為公司“、”永明人壽“、”我們“、”我們“和”我們“。我們管理我們的運營和報告我們在五個業務領域的財務業績：加拿大、美國(“美國”)、資產管理、亞洲和公司。此文件中的信息本文件以SLF公司#年未經審計的中期財務業績為依據。截至2021年9月30日的期間，應與臨時管理層的討論和分析(“MD&A”)和我們未經審計的中期合併財務報表和附註(“中期合併財務報表“)截至2021年9月30日的期間，按照國際財務報告準則編制(“國際財務報告準則”)。我們使用非IFRS財務報告某些財務信息措施。有關更多詳細信息，請參閲非國際財務報告準則財務措施部分在這份文件中。有關SLF公司的更多信息，請訪問：Www.sunlife.com旗下的投資者--SEDAR的財務業績和報告網站www.sedar.com和美國證券交易委員會的網址：www.sec.gov。報告淨收益(虧損)指普通股根據國際財務報告準則確定的股東淨收益(虧損)。除非另外註明，所有金額均以加元計價。------------------------------------------------------------------------------
TORONTO, Nov. 3, 2021 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced its results for the third quarter ended September 30, 2021. Third quarter reported net income was $1,019 million and underlying net income(1) was $902 million.
多倫多，2021年11月3日/美通社/--永明人壽金融公司(多倫多證券交易所市場代碼：SLF)(紐約證券交易所市場代碼：SLF)今天公佈了截至2021年9月30日的第三季度業績。第三季度公佈的淨收益為10.19億美元，基本淨收益(1)為9.02億美元。
"Sun Life delivered strong third quarter results," said Kevin Strain, President and CEO for Sun Life. "We continue to see positive momentum, enabled by digital tools and solutions, at a time when several of our markets are impacted by COVID-19. Our third quarter results highlight the value of our diversified business mix, supported by strong wealth and asset management results. With a track-record of delivering on our objectives, combined with the ongoing shift to fee-based capital-light businesses, we are pleased to announce an increase in our medium-term financial objective for underlying ROE to 16% plus."
永明人壽總裁兼首席執行官凱文·斯特雷克説：“永明人壽第三季度業績強勁。在我們的幾個市場受到新冠肺炎影響之際，在數字工具和解決方案的推動下，我們繼續看到積極的勢頭。我們第三季度的業績突出了我們多元化業務組合的價值，這得益於強勁的財富和資產管理業績。隨着我們實現目標的記錄，再加上向收費資本輕業務的持續轉變，我們很高興地宣佈，我們的中期財務目標基本淨資產收益率(ROE)將提高到16%以上。“
Sun Life is also continuing to build on its long-term environmental and social commitments when it comes to integrating sustainability within its business strategy and aligning it to Sun Life's Purpose to help Clients achieve lifetime financial security and live healthier lives.
永明人壽還繼續以其長期的環境和社會承諾為基礎，將可持續發展納入其商業戰略，並使其與永明人壽幫助客户實現終身財務安全和過上更健康生活的目標保持一致。
"The role of our business is to serve our Clients, our communities and society. We're doing our part by advancing our commitment to a cleaner, more inclusive and sustainable future with our announced goal to achieve net-zero by 2050 as an asset owner and manager and the appointment of our first Chief Sustainability Officer, Alanna Boyd," added Strain.
壓力補充道：“我們業務的職責是服務我們的客户、我們的社區和社會。我們正在儘自己的一份力量，推進我們對更清潔、更包容、更可持續的未來的承諾，我們宣佈的目標是到2050年作為資產所有者和管理者實現淨零，並任命我們的第一位首席可持續發展官阿蘭娜·博伊德(Alanna Boyd)。”
Quarterly results Year-to-date
Profitability Q3'21 Q3'20 2021 2020
Reported net income ($
millions) 1,019 750 2,856 1,660
Underlying net income
($ millions)(1) 902 842 2,635 2,351
Reported EPS ($)(2) 1.74 1.28 4.85 2.83
Underlying EPS
($)(1)(2) 1.54 1.44 4.50 4.02
Reported return on
equity ("ROE")(1) 17.6% 13.5% 16.7% 10.1%
Underlying ROE(1) 15.6% 15.1% 15.4% 14.3%
Growth Q3'21 Q3'20 2021 2020
Insurance sales ($
millions)(1) 628 681 2,068 2,076
Wealth sales ($
millions)(1)(3) 50,725 52,684 171,700 169,226
Value of new business
("VNB") ($
millions)(1)(4) 290 261 852 720
Assets under
management ("AUM") ($
billions)(1)(3) 1,386 1,196 1,386 1,196
Financial Strength Q3'21 Q3'20
LICAT ratios (at
period end)(5)
Sun Life Financial
Inc. 143% 144%
Sun Life Assurance(6) 124% 127%
Financial leverage
ratio (at period
end)(1) 22.2% 21.5%
__________
(1) Represents a non-IFRS financial measure. See the Non-IFRS Financial
Measures section in this document and in our interim MD&A for the
period ended September 30, 2021 ("Q3 2021 MD&A").
(2) All earnings per share ("EPS") measures refer to fully diluted EPS,
unless otherwise stated.
(3) Effective January 1, 2021, the methodology for gross flows and outflows
was updated for SLC Management. Prior period amounts have not been
updated. For more details, see the Non-IFRS Financial Measures section
in this document.
(4) Effective January 1, 2021, reflects a change in the timing of
recognition of U.S. VNB for group policies. We have updated prior
period amounts to reflect this change. For more details, see the
Non-IFRS Financial Measures section in this document.
(5) For further information on the Life Insurance Capital Adequacy Test
("LICAT"), see section E - Financial Strength in the Q3 2021 MD&A.
(6) Sun Life Assurance Company of Canada ("Sun Life Assurance") is SLF
Inc.'s principal operating life insurance subsidiary.
年初至今的季度業績盈利能力2020年第三季度‘21季度’20報告淨收入(美元)百萬)1,019 750 2,856 1,660基礎淨收入(百萬元)(1)902 842 2,635 2,351報告每股收益(美元)(2)1.74 1.28 4.85 2.83基礎每股收益 ($)(1)(2) 1.54 1.44 4.50 4.02 上報的報税單股本(ROE)(1)17.6%13.5%16.7%10.1%基礎淨資產收益率(1)15.6%15.1%15.4%14.3%2021年第三季度增長2021年第三季度保險銷售額(美元)百萬)(1)628 681 2,068 2,076財富銷售(美元)百萬)(1)(3)50,725 52,684 171,700 169,226新業務的價值(“越南船民”)($百萬)(1)(4)290 261 852 720資產項下管理(“AUM”)($(1)(3)1,386 1,196 1,386 1,196財務實力Q3‘21 Q3’20LICAT比率(在期間結束)(5)永明人壽金融公司143%144%永明人壽保險(6)124%127%財務槓桿比率(在期間完)(1)22.2%21.5%__________ (1)代表非“國際財務報告準則”的財務衡量標準。見非國際財務報告準則財務本文件和我們的臨時MD&A中的措施部分截至2021年9月30日的期間(“2021年第三季度MD&A”)。(2)所有每股收益(“EPS”)指標均指完全稀釋的EPS，除非另有説明。(3)自2021年1月1日起，總流出和流出的方法已為SLC管理更新。上期金額尚未更新了。有關更多詳細信息，請參閲非國際財務報告準則財務衡量標準部分在這份文件中。(4)自2021年1月1日起生效，反映出認可美國VNB的集團策略。我們已經更新了之前的期間數額反映了這一變化。有關更多詳細信息，請參閲本文件中的非國際財務報告準則財務衡量部分。(5)有關壽險資本充足測試的進一步資料(“LICAT”)，參見2021年第三季度MD&A中的E節-財務實力。(6)加拿大永明人壽保險公司(“永明人壽”)為SLF公司的主要經營人壽保險子公司。
Financial and Operational Highlights - Quarterly Comparison (Q3 2021 vs. Q3 2020)
財務和運營亮點-季度比較(2021年第三季度與2020年第三季度)
Our strategy is focused on four key pillars, where we aim to be a leader in the markets in which we operate.
我們的戰略集中在四個關鍵支柱上，我們的目標是在我們運營的市場中成為領先者。
($ millions, unless otherwise noted)
Reported Underlying Insurance Wealth
net income (loss) net income (loss)(1) sales(1) sales(1)(2)
Q3'21 Q3'20 change Q3'21 Q3'20 change Q3'21 Q3'20 change Q3'21 Q3'20 change
Canada 393 387 2% 290 293 (1)% 182 147 24% 5,918 6,837 (13)%
U.S. 46 (113) nm(3) 110 136 (19)% 199 230 (13)% -- -- --
Asset
Management 301 251 20% 362 294 23% -- -- -- 40,682 43,066 (6)%
Asia 288 236 22% 145 164 (12)% 247 304 (19)% 4,125 2,781 48%
Corporate (9) (11) nm(3) (5) (45) nm(3) -- -- -- -- -- --
Total 1,019 750 36% 902 842 7% 628 681 (8)% 50,725 52,684 (4)%
(1) Represents a non-IFRS financial measure. See the Non-IFRS Financial
Measures section in this document and in the Q3 2021 MD&A.
(2) Effective January 1, 2021, the methodology for gross flows and outflows
was updated for SLC Management. Prior period amounts have not been
updated. For more details, see the Non-IFRS Financial Measures section in
this document.
(3) Not meaningful.
(除非另有説明，否則為百萬美元)申報的基礎保險財富淨收益(虧損)淨收益(虧損)(1)銷售額(1)銷售額(1)(2)Q3‘21 Q3’20變化Q3‘21 Q3’20變化加拿大393 3872%290 293(1)%182 147 24%5,918 6,837(13)%美國46(113)nm(3)110 136(19)%199 230(13)%資產管理層301 251 20%362 294 23%-40,682 43,066(6)%亞洲288 236 22%145 164(12)%247304(19)%4,125 2781 48%公司(9)(11)nm(3)(5)(45)nm(3)總計1,019 750 36%902 842 7%628 681(8)%50,725 52,684(4)%(1)代表非“國際財務報告準則”的財務衡量標準。見非國際財務報告準則財務本文檔和2021年第三季度MD&A中的措施部分。(2)自2021年1月1日起，總流出和流出的方法已為SLC管理更新。上期金額尚未更新了。有關更多詳細信息，請參閲中的非IFRS財務衡量標準部分這份文件。(3)沒有意義。
Reported ROE was 17.6% in the third quarter of 2021, compared to 13.5% in the same period last year. Underlying ROE was 15.6%, up from 15.1% in the third quarter of 2020. We are also increasing our underlying ROE medium-term financial objective to 16%+ from our current objective of 12% to 14%. This update is supported by strong business performance and a meaningful shift in business mix towards more fee-based earnings requiring lower capital(1) .
2021年第三季度報告的淨資產收益率為17.6%，而去年同期為13.5%。基本淨資產收益率(ROE)為15.6%，高於2020年第三季度的15.1%。我們還將把我們的潛在中期財務目標淨資產收益率(ROE)從目前的12%至14%提高到16%以上。這一更新得到了強勁的業務表現和業務組合向需要較低資本的更多收費收益的有意義的轉變的支持(1)。
Q3'21 reported net income of $1,019 million increased $269 million or 36% compared to the same period in 2020, driven by favourable market-related impacts from changes in the fair value of investment properties, and ACMA(2) , partially offset by a par allocation adjustment(3) . Underlying net income of $902 million increased by $60 million or 7%, driven by business growth, favourable credit experience and higher tax-exempt investment income. This was partially offset by morbidity and expense experience, and the unfavourable impacts of foreign exchange translation. Mortality experience was elevated in the U.S. and Asia, but relatively in line with the prior year. During the third quarter of 2021, the impacts of foreign exchange translation led to a decline of $41 million in reported net income and $36 million in underlying net income. Refer to the Non-IFRS Financial Measures section in this document for a reconciliation between reported net income and underlying net income.
2011年第三季度報告的淨收入為10.19億美元，較2020年同期增加2.69億美元，增幅為36%，原因是投資物業公允價值變化帶來的有利市場影響，以及ACMA(2)，但部分被面值分配調整所抵消(3)。在業務增長、良好的信貸體驗和更高的免税投資收入的推動下，9.02億美元的基本淨收入增加了6000萬美元，增幅為7%。這部分被髮病率和費用經驗以及外匯轉換的不利影響所抵消。美國和亞洲的死亡率有所上升，但與前一年持平。2021年第三季度，外匯換算的影響導致報告淨收入下降4100萬美元，基礎淨收入下降3600萬美元。有關報告淨收入和基礎淨收入之間的對賬，請參閲本文件中的非國際財務報告準則財務計量部分。
SLF Inc. ended the quarter with a LICAT ratio of 143% and $2.8 billion in cash and other liquid assets(4) .
SLF Inc.本季度末的許可比率為143%，現金和其他流動資產為28億美元(4)。
Canada: A leader in insurance and asset management
加拿大：保險和資產管理領域的領先者
Canada's Q3'21 reported net income of $393 million was in line with the prior year, driven by favourable market-related impacts from changes in the fair value of investment properties, partially offset by a par allocation adjustment. Underlying net income of $290 million was in line with the prior year,as business growth, higher tax-exempt investment income and favourable credit experience were offset by unfavourable Group Benefits ("GB") morbidity experience and higher expenses. The prior year included favourable morbidity experience in GB, driven by lower disability claim volumes.
加拿大第三季度報告的淨收入為3.93億美元，與上年持平，這是由於投資物業公允價值變化帶來的有利市場相關影響，但部分被面值分配調整所抵消。基本淨收入為2.9億美元，與上年持平，原因是業務增長、較高的免税投資收入和有利的信貸經驗被不利的集團福利(“GB”)發病率經驗和較高的費用所抵消。前一年包括在英國有利的發病率體驗，這是由於殘疾申報量較低所推動的。
Canada insurance sales were $182 million in the third quarter of 2021, an increase of $35 million or 24% compared to the same period in 2020, driven by higher individual participating whole life insurance sales, and higher large case sales in GB. Canada wealth sales were $6 billion in the third quarter of 2021, a decrease of approximately $1 billion or 13% compared to the same period in 2020, reflecting lower defined contribution sales in Group Retirement Services ("GRS"), partially offset by higher individual wealth mutual fund sales.
加拿大保險銷售額在2021年第三季度為1.82億美元，與2020年同期相比增加了3500萬美元，增幅為24%，這是由於個人參與的全壽保險銷售額增加，以及以GB計算的大型案件銷售額增加。2021年第三季度加拿大財富銷售額為60億美元，與2020年同期相比減少了約10億美元，降幅為13%，反映出集團退休服務(GRS)的固定繳款銷售額下降，部分被個人財富共同基金銷售額上升所抵消。
譯文內容由第三人軟體翻譯。