Sun Life Financial, Inc. (SLF) Q3 2022 Earnings Call Transcript

Sun Life Financial, Inc. (NYSE:SLF) Q3 2022 Earnings Conference Call November 3, 2022 10:00 AM ET

Company Participants

Yaniv Bitton - VP, Head of IR & Capital Markets

Kevin Strain - President, CEO & Director

Manjit Singh - EVP & CFO

Kevin Morrissey - Chief Actuary & SVP

Jacques Goulet - President, Sun Life Canada

Daniel Fishbein - President, Sun Life U.S.

Randolph Brown - CIO, SLC Management

Michael Roberge - Chairman, MFS Mclean Budden Limited & Co-CEO, MFS Investment Management

Stephen Peacher - President, SLC Management

Ingrid Johnson - President, Sun Life Asia

Conference Call Participants

Scott Chan - Canaccord Genuity

Tom MacKinnon - BMO Capital Markets

Meny Grauman - Scotiabank

Mario Mendonca - TD Securities

Lemar Persaud - Cormark Securities

Gabriel Dechaine - National Bank Financial

Paul Holden - CIBC

Doug Young - Desjardins Securities

Nigel D'Souza - Veritas Investment Research

Darko Mihelic - RBC Capital Markets

Operator

Good morning, and welcome to the Sun Life Financial Q3 2022 Conference Call. My name is Michelle, and I'll be your conference operator today. [Operator Instructions]. The hold of the call is Yaniv Bitton, Vice President, Head of Investor Relations and Capital Markets. Please go ahead, Mr. Mitten.

Yaniv Bitton

Thank you, operator, and good morning, everyone. Welcome to Sun Life's Earnings Call for the Third Quarter of 2022. Our earnings release and the slides for today's call are available on the Investor Relations section of our website at sunlife.com. We will begin today's call with opening remarks from Kevin Strain, President and Chief Executive Officer. Following Kevin, Manjit Singh, Executive Vice President and Chief Financial Officer, will then present the financial results for the quarter.

After the prepared remarks, we will move to the question-and-answer portion of the call. Other members of management are also available to answer your questions this morning.

Turning to Slide 2. I draw your attention to the cautionary language regarding the use of forward-looking statements and non-IFRS financial measures, which form part of today's remarks. As noted in the slides, forward-looking statements may be rendered inaccurate by subsequent events.

And with that, I'll now turn things over to Kevin.

Kevin Strain

Thanks, Yaniv, and good morning, everyone. Turning to Slide 4. We delivered strong third quarter results, reflecting the ability of our diversified businesses to deliver underlying earnings and top line growth even in a challenging environment. We saw the U.S. have strong sales results and almost double underlying earnings from last year with the addition of DentaQuest, strong Health and Risk Solutions results and a significant moderation of COVID-related impacts.