Income Statement

Currency: CAD

	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Revenue
Interest Expense	164	160	177	192	209	223	218	292	221	235	249	278	276	279	276	273	279	291	310	323	336	337	344	349	363	381	370	366	365	373	396	403	424	434	455	459	447	440	419	430	413	398	389	367	365	357	348	353	353	342	334	336	321	327	336	322	331	326	316	316	315	323	302	303	298	289	307	305	318	324	316	333	335	341	362	355	345	339	334	327	345	362	400	445	482	523	564	552	576	572	597	664	638	0	0	0
Gross Premiums Earned	13 532	15 208	16 999	17 970	18 068	17 491	16 938	16 353	16 014	15 962	16 049	15 806	15 400	15 762	15 823	15 839	15 961	16 222	17 087	17 623	18 020	17 358	16 728	16 336	16 083	16 076	16 124	16 330	17 061	17 860	18 044	18 180	17 765	17 012	16 731	16 874	15 921	14 938	12 661	11 034	10 494	9 993	10 743	11 275	11 439	12 122	12 790	13 355	13 772	13 983	14 441	14 449	14 617	14 956	14 602	15 719	16 809	17 910	19 756	20 628	21 058	21 524	21 386	21 123	22 292	22 701	23 410	24 608	24 274	24 504	25 019	26 539	27 507	28 602	30 361	30 619	30 845	31 386	31 123	31 055	30 009	28 651	27 439	34 909	30 442	31 381	31 910	29 119	29 579	29 960	30 603	31 303	31 935	32 405	32 803	32 947
Revenue	17 920 N/A	19 807 +11%	22 084 +11%	23 101 +5%	23 421 +1%	23 168 -1%	22 647 -2%	22 056 -3%	21 836 -1%	21 808 0%	21 916 +0%	21 730 -1%	21 280 -2%	21 717 +2%	21 831 +1%	21 918 +0%	22 145 +1%	22 388 +1%	23 488 +5%	24 287 +3%	24 556 +1%	22 825 -7%	21 920 -4%	21 188 -3%	19 490 -8%	19 401 0%	16 262 -16%	15 563 -4%	16 705 +7%	21 014 +26%	27 285 +30%	27 572 +1%	28 738 +4%	26 683 -7%	25 523 -4%	24 801 -3%	22 810 -8%	21 302 -7%	18 727 -12%	19 830 +6%	18 802 -5%	18 827 +0%	18 683 -1%	17 559 -6%	18 174 +4%	14 210 -22%	13 414 -6%	13 874 +3%	16 544 +19%	21 641 +31%	23 099 +7%	25 764 +12%	26 636 +3%	22 003 -17%	21 082 -4%	19 274 -9%	20 724 +8%	28 575 +38%	31 774 +11%	28 573 -10%	26 800 -6%	25 389 -5%	23 052 -9%	29 334 +27%	28 318 -3%	27 022 -5%	27 465 +2%	26 997 -2%	28 242 +5%	28 936 +2%	30 836 +7%	32 561 +6%	33 602 +3%	34 645 +3%	36 282 +5%	36 477 +1%	36 658 +0%	37 200 +1%	37 103 0%	37 473 +1%	35 432 -5%	33 309 -6%	30 445 -9%	41 081 +35%	33 208 -19%	33 795 +2%	35 209 +4%	31 089 -12%	31 765 +2%	32 288 +2%	33 024 +2%	33 630 +2%	34 124 +1%	34 581 +1%	34 843 +1%	35 088 +1%
Operating Income
Operating Expenses	(16 409)	(18 489)	(20 729)	(21 695)	(21 914)	(21 228)	(20 534)	(20 087)	(19 819)	(19 755)	(19 913)	(19 468)	(18 935)	(19 275)	(19 208)	(19 215)	(19 379)	(19 710)	(20 696)	(21 404)	(21 679)	(19 712)	(18 762)	(17 992)	(16 154)	(16 266)	(14 405)	(14 660)	(17 191)	(21 203)	(27 287)	(27 074)	(27 047)	(25 821)	(23 731)	(22 464)	(20 500)	(18 502)	(17 263)	(18 989)	(18 221)	(18 457)	(16 996)	(15 481)	(16 085)	(11 906)	(11 278)	(11 429)	(14 067)	(19 114)	(20 418)	(23 052)	(23 935)	(18 890)	(17 930)	(16 049)	(17 389)	(25 609)	(28 301)	(24 812)	(22 771)	(21 364)	(19 112)	(26 182)	(25 438)	(23 818)	(24 241)	(23 181)	(28 489)	(32 001)	(35 922)	(36 033)	(31 317)	(36 392)	(36 564)	(39 684)	(34 078)	(31 058)	(29 266)	(30 264)	(35 547)	(29 742)	(28 802)	(18 766)	(29 308)	(30 310)	(30 732)	(26 607)	(27 157)	(27 641)	(27 890)	(28 627)	(29 095)	(29 495)	(30 007)	(29 764)
Selling, General & Administrative	(119)	(115)	(137)	(1 497)	(181)	(200)	(192)	(715)	(173)	(173)	(178)	(764)	(180)	(180)	(186)	(894)	(193)	(200)	(206)	(1 040)	(220)	(218)	(237)	(3 090)	(230)	(243)	(224)	(2 555)	(230)	(222)	(222)	(2 967)	(224)	(229)	(232)	(3 515)	(239)	(238)	(233)	(2 330)	(238)	(235)	(239)	(2 559)	(230)	(233)	(234)	(3 149)	(239)	(240)	(243)	(3 512)	(260)	(273)	(285)	(3 844)	(300)	(314)	(324)	(4 538)	(352)	(359)	(369)	(4 850)	(380)	(381)	(380)	(4 952)	(383)	(392)	(400)	(5 415)	(414)	(422)	(427)	(5 819)	(413)	(410)	(416)	(429)	0	0	0	(6 746)	0	0	0	(6 144)	0	0	0	(6 629)	0	0	0	(6 927)
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(62)	0	0	0	(63)	0	0	0	(94)	0	0	0	(93)	0	0	0	(100)	0	0	0	(116)	0	0	0	(123)	0	0	0	(150)	0	0	0	(166)	0	0	0	(203)	0	0	0	(209)	0	0	0	(226)	0	0	0	(378)	0	0	0	(406)	0	0	0	0	0	0	0	(528)	0	0	0	(598)	0	0	0	(940)	0	0	0	(774)
Benefits Claims Loss Adjustment	(11 487)	(13 853)	(16 200)	(17 419)	(18 065)	(17 609)	(17 017)	(16 284)	(15 670)	(15 659)	(15 925)	(15 873)	(15 448)	(15 754)	(15 588)	(15 400)	(15 395)	(15 609)	(16 570)	(17 336)	(17 540)	(15 439)	(14 318)	(13 540)	(11 954)	(12 220)	(10 520)	(10 891)	(13 398)	(17 317)	(23 203)	(22 816)	(22 535)	(21 225)	(19 032)	(17 691)	(15 797)	(13 827)	(13 618)	(15 694)	(14 927)	(15 471)	(13 294)	(11 766)	(12 237)	(7 807)	(6 987)	(6 989)	(9 433)	(14 347)	(15 596)	(18 227)	(19 050)	(13 948)	(12 887)	(10 796)	(12 011)	(20 025)	(22 413)	(18 793)	(16 463)	(14 838)	(12 592)	(19 531)	(18 730)	(17 142)	(17 557)	(16 713)	(22 000)	(25 434)	(29 254)	(29 046)	(24 511)	(30 348)	(30 495)	(33 691)	(27 371)	(23 210)	(21 136)	(21 607)	(27 422)	(22 102)	(21 180)	(10 575)	(20 716)	(21 303)	(21 589)	(18 450)	(18 726)	(18 935)	(19 378)	(19 631)	(19 886)	(20 279)	(20 425)	(20 414)
Other Operating Expenses	(4 803)	(4 521)	(4 392)	(2 779)	(3 668)	(3 419)	(3 325)	(3 088)	(3 976)	(3 923)	(3 810)	(2 831)	(3 307)	(3 341)	(3 434)	(2 921)	(3 791)	(3 901)	(3 920)	(3 028)	(3 919)	(4 055)	(4 207)	(1 300)	(3 970)	(3 803)	(3 661)	(1 151)	(3 563)	(3 664)	(3 862)	(1 197)	(4 288)	(4 367)	(4 467)	(1 165)	(4 464)	(4 437)	(3 412)	(865)	(3 056)	(2 751)	(3 463)	(1 040)	(3 618)	(3 866)	(4 057)	(1 168)	(4 395)	(4 527)	(4 579)	(1 163)	(4 625)	(4 669)	(4 758)	(1 243)	(5 078)	(5 270)	(5 564)	(1 278)	(5 956)	(6 167)	(6 151)	(1 592)	(6 328)	(6 295)	(6 304)	(1 290)	(6 106)	(6 175)	(6 268)	(1 194)	(6 392)	(5 622)	(5 642)	232	(6 294)	(7 438)	(7 714)	(8 228)	(8 125)	(7 640)	(7 622)	(917)	(8 592)	(9 007)	(9 143)	(1 415)	(8 431)	(8 706)	(8 512)	(1 427)	(9 209)	(9 216)	(9 582)	(1 649)
Operating Income	1 511 N/A	1 318 -13%	1 355 +3%	1 406 +4%	1 507 +7%	1 940 +29%	2 113 +9%	1 969 -7%	2 017 +2%	2 053 +2%	2 003 -2%	2 262 +13%	2 345 +4%	2 442 +4%	2 623 +7%	2 703 +3%	2 766 +2%	2 678 -3%	2 792 +4%	2 883 +3%	2 877 0%	3 113 +8%	3 158 +1%	3 196 +1%	3 336 +4%	3 135 -6%	1 857 -41%	903 -51%	(486) N/A	(189) +61%	(2) +99%	498 N/A	1 691 +240%	862 -49%	1 792 +108%	2 337 +30%	2 310 -1%	2 800 +21%	1 464 -48%	841 -43%	581 -31%	370 -36%	1 687 +356%	2 078 +23%	2 089 +1%	2 304 +10%	2 136 -7%	2 445 +14%	2 477 +1%	2 527 +2%	2 681 +6%	2 712 +1%	2 701 0%	3 113 +15%	3 152 +1%	3 225 +2%	3 335 +3%	2 966 -11%	3 473 +17%	3 761 +8%	4 029 +7%	4 025 0%	3 940 -2%	3 152 -20%	2 880 -9%	3 204 +11%	3 224 +1%	3 816 +18%	(247) N/A	(3 065) -1 141%	(5 086) -66%	(3 472) +32%	2 285 N/A	(1 747) N/A	(282) +84%	(3 207) -1 037%	2 580 N/A	6 142 +138%	7 837 +28%	7 209 -8%	(115) N/A	3 567 N/A	1 643 -54%	22 315 +1 258%	3 900 -83%	3 485 -11%	4 477 +28%	4 482 +0%	4 608 +3%	4 647 +1%	5 134 +10%	5 003 -3%	5 029 +1%	5 086 +1%	4 836 -5%	5 324 +10%
Pre-Tax Income
Interest Income Expense	(164)	(160)	(177)	(192)	(209)	(223)	(218)	(292)	(221)	(235)	(249)	(278)	(276)	(279)	(276)	(273)	(279)	(291)	(310)	(323)	(336)	(337)	(344)	(349)	(363)	(381)	(370)	(366)	(365)	(373)	(396)	(403)	(424)	(434)	(455)	(459)	(447)	(440)	(419)	(430)	(413)	(398)	(389)	(367)	(365)	(357)	(348)	(353)	(353)	(342)	(334)	(336)	(321)	(327)	(336)	(322)	(331)	(326)	(316)	(316)	(315)	(323)	(302)	(303)	(298)	(289)	(307)	(305)	3 836	6 456	8 182	6 785	820	4 811	3 569	6 505	1 378	(1 675)	(3 095)	(2 112)	(98)	(199)	(318)	(18 304)	(355)	(396)	(437)	(552)	(576)	(572)	(597)	(664)	(638)	(629)	(575)	(526)
Non-Reccuring Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(7)	0	0	0	(221)	0	0	0	0	0	0	0	0	0	0	0	(3)	0	0	0	(4)	0	0	0	0	0	0	0	(60)	0	0	0	0	0	0	0	(15)	0	0	0	(11)	0	0	0	0	0	0	0	(188)	0	0	0	0	0	0	0	0	0	0	0	0
Gain/Loss on Disposition of Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100	0	0	0	0	0	0	0	0	0	0	0	0
Total Other Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4 914	1 434	2 443	0	168	168	168	0	0	0	0	0	0	0	0	0
Pre-Tax Income	1 347 N/A	1 158 -14%	1 178 +2%	1 214 +3%	1 298 +7%	1 717 +32%	1 895 +10%	1 677 -12%	1 796 +7%	1 818 +1%	1 754 -4%	1 984 +13%	2 069 +4%	2 163 +5%	2 347 +9%	2 430 +4%	2 487 +2%	2 387 -4%	2 482 +4%	2 560 +3%	2 541 -1%	2 776 +9%	2 814 +1%	2 847 +1%	2 973 +4%	2 754 -7%	1 487 -46%	537 -64%	(851) N/A	(562) +34%	(398) +29%	95 N/A	1 267 +1 234%	428 -66%	1 337 +212%	1 871 +40%	1 863 0%	2 360 +27%	1 045 -56%	190 -82%	168 -12%	(28) N/A	1 298 N/A	1 711 +32%	1 724 +1%	1 947 +13%	1 788 -8%	2 092 +17%	2 124 +2%	2 185 +3%	2 347 +7%	2 373 +1%	2 380 +0%	2 786 +17%	2 816 +1%	2 899 +3%	3 004 +4%	2 640 -12%	3 157 +20%	3 445 +9%	3 714 +8%	3 702 0%	3 638 -2%	2 789 -23%	2 582 -7%	2 915 +13%	2 917 +0%	3 511 +20%	3 589 +2%	3 391 -6%	3 096 -9%	3 298 +7%	3 105 -6%	3 064 -1%	3 287 +7%	3 287 N/A	3 958 +20%	4 467 +13%	4 742 +6%	5 097 +7%	4 701 -8%	4 802 +2%	3 768 -22%	3 923 +4%	3 713 -5%	3 257 -12%	4 208 +29%	3 930 -7%	4 032 +3%	4 075 +1%	4 537 +11%	4 339 -4%	4 391 +1%	4 457 +2%	4 261 -4%	4 798 +13%
Net Income
Tax Provision	(340)	(291)	(162)	(98)	(96)	(214)	(353)	(357)	(410)	(370)	(276)	(263)	(252)	(307)	(493)	(531)	(549)	(408)	(386)	(389)	(356)	(504)	(496)	(522)	(610)	(466)	(179)	343	978	761	861	542	(5)	323	(31)	(353)	(309)	(472)	(200)	151	142	173	(76)	(210)	(228)	(304)	(269)	(283)	(315)	(341)	(399)	(491)	(469)	(580)	(543)	(599)	(596)	(471)	(598)	(619)	(709)	(566)	(569)	(309)	(246)	(451)	(426)	(597)	(566)	(474)	(300)	(284)	(475)	(446)	(538)	(494)	(540)	(659)	(725)	(717)	(611)	(746)	(655)	(713)	(650)	(462)	(629)	(512)	(545)	(610)	(581)	(1 040)	(1 021)	(1 027)	(1 072)	(1 004)
Income from Continuing Operations	1 007	867	1 016	1 116	1 202	1 503	1 542	1 320	1 386	1 448	1 478	1 721	1 817	1 856	1 854	1 899	1 938	1 979	2 096	2 171	2 185	2 272	2 318	2 325	2 363	2 288	1 308	880	127	199	463	637	1 262	751	1 306	1 518	1 554	1 888	845	341	310	145	1 222	1 501	1 496	1 643	1 519	1 809	1 809	1 844	1 948	1 882	1 911	2 206	2 273	2 300	2 408	2 169	2 559	2 826	3 005	3 136	3 069	2 480	2 336	2 464	2 491	2 914	3 023	2 917	2 796	3 014	2 630	2 618	2 749	2 793	3 418	3 808	4 017	4 380	4 090	4 056	3 113	3 210	3 063	2 795	3 579	3 418	3 487	3 465	3 956	3 299	3 370	3 430	3 189	3 794
Income to Minority Interest	(73)	(75)	(84)	(83)	(81)	(82)	(80)	(14)	(50)	(39)	(25)	(28)	(30)	(28)	(26)	(23)	(23)	(22)	(24)	(27)	(29)	(31)	(34)	(35)	(36)	(33)	(29)	(23)	(17)	(15)	(13)	(15)	(15)	(14)	(13)	(11)	(11)	(12)	(11)	(9)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(4)	(10)	(14)	(12)	(11)	(3)	1	2	0	(11)	(20)	(32)	(56)	(106)	(106)	(107)	(126)	(110)	(105)	(101)	(128)	(91)	(87)	(95)	(37)
Net Income (Common)	936 N/A	795 -15%	941 +18%	998 +6%	1 085 +9%	1 380 +27%	1 413 +2%	1 307 -8%	1 331 +2%	1 403 +5%	1 448 +3%	1 680 +16%	1 773 +6%	1 812 +2%	1 803 0%	1 843 +2%	1 876 +2%	1 911 +2%	2 022 +6%	2 089 +3%	2 095 +0%	2 173 +4%	2 209 +2%	2 219 +0%	2 255 +2%	2 184 -3%	1 211 -45%	785 -35%	39 -95%	111 +185%	367 +231%	534 +46%	1 161 +117%	642 -45%	1 198 +87%	1 406 +17%	1 430 +2%	1 766 +23%	659 -63%	(370) N/A	(122) +67%	(440) -261%	634 N/A	1 554 +145%	1 381 -11%	1 690 +22%	787 -53%	942 +20%	829 -12%	855 +3%	1 810 +112%	1 762 -3%	1 803 +2%	2 104 +17%	2 151 +2%	2 185 +2%	2 284 +5%	2 038 -11%	2 293 +13%	2 485 +8%	2 496 +0%	2 590 +4%	2 670 +3%	2 149 -20%	2 267 +5%	2 399 +6%	2 149 -10%	2 522 +17%	2 476 -2%	2 365 -4%	2 479 +5%	2 683 +8%	2 395 -11%	2 319 -3%	2 388 +3%	2 404 +1%	2 950 +23%	3 331 +13%	3 600 +8%	3 934 +9%	3 662 -7%	3 692 +1%	2 784 -25%	3 060 +10%	2 798 -9%	2 528 -10%	3 288 +30%	3 086 -6%	3 098 +0%	3 084 0%	3 561 +15%	3 049 -14%	3 159 +4%	3 229 +2%	2 987 -7%	3 472 +16%
EPS (Diluted)	2.17 N/A	1.96 -10%	1.52 -22%	1.83 +20%	1.75 -4%	2.26 +29%	2.34 +4%	2.15 -8%	2.2 +2%	2.32 +5%	2.4 +3%	2.79 +16%	2.97 +6%	3.07 +3%	3.06 0%	3.12 +2%	3.19 +2%	3.28 +3%	3.5 +7%	3.6 +3%	3.64 +1%	3.79 +4%	3.87 +2%	3.87 N/A	3.98 +3%	3.87 -3%	2.16 -44%	1.39 -36%	0.06 -96%	0.19 +217%	0.65 +242%	0.94 +45%	1.9 +102%	1.13 -41%	1.96 +73%	2.3 +17%	2.31 +0%	2.85 +23%	1.36 -52%	-0.63 N/A	-0.2 +68%	-0.71 -255%	1.04 N/A	2.57 +147%	2.26 -12%	2.76 +22%	1.27 -54%	1.53 +20%	1.34 -12%	1.38 +3%	2.92 +112%	2.86 -2%	2.93 +2%	3.42 +17%	3.5 +2%	3.55 +1%	3.69 +4%	3.29 -11%	3.7 +12%	4.03 +9%	4.05 +0%	4.2 +4%	4.32 +3%	3.48 -19%	3.67 +5%	3.9 +6%	3.51 -10%	4.14 +18%	4.11 -1%	3.95 -4%	4.15 +5%	4.51 +9%	4.05 -10%	3.94 -3%	4.07 +3%	4.1 +1%	5 +22%	5.64 +13%	6.13 +9%	6.66 +9%	6.2 -7%	6.26 +1%	4.72 -25%	5.19 +10%	4.74 -9%	4.28 -10%	5.58 +30%	5.23 -6%	5.28 +1%	5.27 0%	6.12 +16%	5.26 -14%	5.49 +4%	5.67 +3%	5.29 -7%	6.13 +16%

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Sun Life Financial Inc
TSX:SLF

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Income Statement
Sun Life Financial Inc

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Sun Life Financial Inc TSX:SLF

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Income Statement Sun Life Financial Inc

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Sun Life Financial Inc
TSX:SLF

Income Statement
Sun Life Financial Inc