Sun Life Financial Inc. (NYSE:SLF) Q3 2023 Earnings Conference Call November 14, 2023 10:00 AM ET

Company Participants

David Garg - Senior Vice President, Capital Management & Investor Relations

Kevin Strain - President & Chief Executive Officer

Manjit Singh - Executive Vice-President & Chief Financial Officer

Daniel Fishbein - President, Sun Life Financial-US

Ingrid Johnson - President, Sun Life-Asia

Kevin Morrissey - Senior Vice President, Chief Actuary

Randolph Brown - Chief Investment Officer

Stephen Peacher - President, SLC Management

Conference Call Participants

Tom MacKinnon - BMO Capital

Gabriel Dechaine - National Bank Financial

Meny Grauman - Scotiabank

Mario Mendonca - TD Securities

Doug Young - Desjardins

Paul Holden - CIBC

Nigel D'Souza - Veritas Investment Research

Lemar Persaud - Cormark

Operator

Good morning, and welcome to the Sun Life Financial Q3 2023 Conference Call. My name is [ph]Dalem, and I'll be your conference operator today. [Operator Instructions]

The host of the call is David Garg, Senior Vice President, Capital Management and Investor Relations. Please go ahead, Mr. Garg.

David Garg

Thank you, and good morning, everyone. Welcome to Sun Life's Earnings Call for the Third Quarter of 2023. 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 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.

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 will now turn things over to Kevin.

Kevin Strain

Thanks, David, and good morning, everyone. Turning to Slide 4, we delivered good performance during the quarter, reflecting our diversified business mix, our focus on execution and the continued importance our clients put on health and financial security. We achieved solid underlying earnings for the quarter of $930 million, maintaining steady growth year-to-date.

Our positive results this quarter are attributed to good performance in our Canadian group and Wealth businesses, higher fee-related earnings and asset management and favorable growth in Asia's Individual Protection business.