Sun Life Financial Inc. (NYSE:SLF) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET

Company Participants

David Garg - Senior Vice President, Capital Management & Investor Relations
Kevin Strain - President & Chief Executive Officer
Tim Deacon - Executive Vice President & Chief Financial Officer
Dan Fishbein - President-Sun Life US
Jacques Goulet - President-Sun Life Canada
Mike Roberge - CEO, President and Executive Chairman, MFS Investment Management
Steve Peacher - Executive Chair, SLC Management
Randy Brown - Chief Investment Officer
Manjit Singh - President, Sun Life Asia
Ted Maloney - Co-Portfolio Manager & CIO, MFS Investment Management

Conference Call Participants

John Aiken - Jefferies
Thomas MacKinnon - BMO Capital
Meny Grauman - Scotiabank
Gabriel Dechaine - National Bank Financial
Alex Scott - Barclays
Doug Young - Desjardin Capital Markets
Mario Mendonca - TD Cowen
Paul Holden - CIBC
Lemar Prasad - Cormark Securities
Darko Mihelic - RBC Capital Markets

Operator

Good morning and welcome to the Sun Life Financial Q3 2024 Conference Call. My name is Galene, and I will be your conference operator today. All the lines have been placed on mute to prevent any background noise and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions].

Your host for today’s 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 2024. 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, Tim Deacon, 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.

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, David, and good morning everyone. Turning to Slide 4. We had a strong quarter for profitability, for financial strength and for growth. Our EPS was $1.76, up 11%, ahead of our medium-term financial objective of 8% to 10%. Both underlying and reported earnings exceeded $1 billion, showcasing the power of our diversified business platform, the strength of our client impact strategy and our focus on execution.