Key Factors and Assumptions Related to Sun Life Financial 2015 Financial Objectives
The Sun Life Financial 2015 financial objectives do not constitute guidance. Their ability to achieve their financial objectives is dependent on the success of the Company and its business segments to achieve the growth initiatives, business objectives and productivity and expense targets that will be described in the Sun Live Financial Investor Day 2012 presentations and on certain other key assumptions that include:
- a steady rise in the annual level of key equity market indices by approximately 8% per annum (excluding dividends);
- a gradual increase in North American interest rates across the yield curve;
- a credit environment which reflects the Company’s best estimate assumptions;
- stability in exchange rates between the Canadian dollar and foreign currencies, primarily the U.S. dollar; and
- other key assumptions include: no material changes in capital rules; no material changes to their hedging program; hedging costs that are consistent with their best estimate assumptions; no material assumption changes including updates to the ultimate reinvestment rate and economic scenario generator; no significant changes to their effective tax rate; and no material accounting standard changes.
Their financial objectives are also based on best estimate actuarial assumptions as at December 31, 2011. The Company’s operating ROE is dependent upon its capital levels and options for deployment of any excess capital. Their objectives do not reflect the indirect effects of interest rate and equity market movements including the potential impacts on goodwill or the current valuation allowance on deferred tax assets as well as other items that may be non-operational in nature.
Although considered reasonable by the Company, they may not be able to achieve their productivity and expense targets, growth initiatives and other business objectives or their assumptions may prove to be inaccurate. Accordingly, their actual results could differ materially from their objectives as described in this news release and in the Investor Day 2012 presentations and their may not be able to achieve their 2015 financial objectives.
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