XML 104 R38.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Segmented Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Operating Segments [Abstract] |
Results of operating segments | Results by segment for the years ended December 31, are as follows:
| Canada |  |  | U.S. |  | Asset Management |  |  | Asia |  | Corporate |  | Consolidation adjustments |  |  | Total |
2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross premiums: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Annuities |  | $ | 3,276 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 23 |  |  | $ | — |  |  | $ | 3,302 |
Life insurance |  | 5,178 |  |  | 1,605 |  |  | — |  |  | 2,597 |  |  | 90 |  |  | — |  |  | 9,470 |
Health insurance |  | 5,629 |  |  | 4,232 |  |  | — |  |  | 31 |  |  | 16 |  |  | — |  |  | 9,908 |
Total gross premiums |  | 14,083 |  |  | 5,838 |  |  | — |  |  | 2,630 |  |  | 129 |  |  | — |  |  | 22,680 |
Less: Ceded premiums |  | 1,488 |  |  | 662 |  |  | — |  |  | 222 |  |  | 20 |  |  | — |  |  | 2,392 |
Net investment income (loss) |  | 6,474 |  |  | 2,802 |  |  | 83 |  |  | 2,865 |  |  | 936 |  |  | (20 | ) |  | 13,140 |
Fee income |  | 1,320 |  |  | 86 |  |  | 4,309 |  |  | 531 |  |  | 149 |  |  | (144 | ) |  | 6,251 |
Total revenue |  | 20,389 |  |  | 8,064 |  |  | 4,392 |  |  | 5,804 |  |  | 1,194 |  |  | (164 | ) |  | 39,679 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total benefits and expenses |  | 19,317 |  |  | 7,878 |  |  | 3,229 |  |  | 5,172 |  |  | 1,014 |  |  | (164 | ) |  | 36,446 |
Income tax expense (benefit) |  | 15 |  |  | 28 |  |  | 262 |  |  | 51 |  |  | (70 | ) |  | — |  |  | 286 |
Total net income (loss) |  | $ | 1,057 |  |  | $ | 158 |  |  | $ | 901 |  |  | $ | 581 |  |  | $ | 250 |  |  | $ | — |  |  | $ | 2,947 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to participating policyholders | 174 |  |  | (5 | ) |  | — |  |  | 61 |  |  | — |  |  | — |  |  | 230 |
Net income (loss) attributable to non-controlling interests | — |  |  | — |  |  | 4 |  |  | — |  |  | — |  |  | — |  |  | 4 |
Shareholders’ net income (loss) |  | $ | 883 |  |  | $ | 163 |  |  | $ | 897 |  |  | $ | 520 |  |  | $ | 250 |  |  | $ | — |  |  | $ | 2,713 |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross premiums: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Annuities |  | $ | 3,261 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | (79 | ) |  | $ | — |  |  | $ | 3,183 |
Life insurance |  | 4,796 |  |  | 1,633 |  |  | — |  |  | 2,154 |  |  | 94 |  |  | — |  |  | 8,677 |
Health insurance |  | 5,316 |  |  | 3,767 |  |  | — |  |  | 24 |  |  | 14 |  |  | — |  |  | 9,121 |
Total gross premiums |  | 13,373 |  |  | 5,400 |  |  | — |  |  | 2,179 |  |  | 29 |  |  | — |  |  | 20,981 |
Less: Ceded premiums |  | 1,487 |  |  | 597 |  |  | — |  |  | 232 |  |  | 23 |  |  | — |  |  | 2,339 |
Net investment income (loss) |  | 1,942 |  |  | 305 |  |  | 13 |  |  | 76 |  |  | 79 |  |  | (26 | ) |  | 2,389 |
Fee income |  | 1,240 |  |  | 73 |  |  | 4,111 |  |  | 514 |  |  | 154 |  |  | (126 | ) |  | 5,966 |
Total revenue |  | 15,068 |  |  | 5,181 |  |  | 4,124 |  |  | 2,537 |  |  | 239 |  |  | (152 | ) |  | 26,997 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total benefits and expenses |  | 13,497 |  |  | 5,183 |  |  | 2,930 |  |  | 1,919 |  |  | 109 |  |  | (152 | ) |  | 23,486 |
Income tax expense (benefit) |  | 308 |  |  | (19 | ) |  | 284 |  |  | 51 |  |  | (27 | ) |  | — |  |  | 597 |
Total net income (loss) |  | $ | 1,263 |  |  | $ | 17 |  |  | $ | 910 |  |  | $ | 567 |  |  | $ | 157 |  |  | $ | — |  |  | $ | 2,914 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to participating policyholders | 321 |  |  | (35 | ) |  | — |  |  | 12 |  |  | — |  |  | — |  |  | 298 |
Shareholders’ net income (loss) |  | $ | 942 |  |  | $ | 52 |  |  | $ | 910 |  |  | $ | 555 |  |  | $ | 157 |  |  | $ | — |  |  | $ | 2,616 |
Assets and liabilities by segment are as follows:
| Canada |  |  | U.S. |  | Asset Management |  |  | Asia |  | Corporate |  | Consolidation adjustments |  |  | Total |
As at December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total general fund assets |  | $ | 94,909 |  |  | $ | 34,711 |  |  | $ | 5,666 |  |  | $ | 31,285 |  |  | $ | 13,930 |  |  | $ | (272 | ) |  | $ | 180,229 |
Investments for account of segregated fund holders |  | $ | 98,758 |  |  | $ | 514 |  |  | $ | — |  |  | $ | 6,675 |  |  | $ | 11,026 |  |  | $ | — |  |  | $ | 116,973 |
Total general fund liabilities |  | $ | 86,847 |  |  | $ | 31,044 |  |  | $ | 4,250 |  |  | $ | 25,750 |  |  | $ | 8,102 |  |  | $ | (272 | ) |  | $ | 155,721 |
As at December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total general fund assets |  | $ | 86,697 |  |  | $ | 34,584 |  |  | $ | 4,468 |  |  | $ | 28,855 |  |  | $ | 14,378 |  |  | $ | (217 | ) |  | $ | 168,765 |
Investments for account of segregated fund holders |  | $ | 85,885 |  |  | $ | 491 |  |  | $ | — |  |  | $ | 6,173 |  |  | $ | 10,513 |  |  | $ | — |  |  | $ | 103,062 |
Total general fund liabilities |  | $ | 78,946 |  |  | $ | 30,671 |  |  | $ | 2,396 |  |  | $ | 23,692 |  |  | $ | 8,707 |  |  | $ | (217 | ) |  | $ | 144,195 |
Disclosure of geographical areas | The following table shows total assets by country for Asset Management and Corporate:
| Asset Management |  | Corporate
As at December 31, | 2019 |  |  | 2018 |  | 2019 |  | 2018 |
Total general fund assets: |  |  |  |  |  |  |
United States | $ | 4,770 |  |  | $ | 4,147 |  |  | $ | 2,329 |  |  | $ | 2,550 |
United Kingdom | 145 |  |  | — |  |  | 8,210 |  |  | 8,274 |
Canada(1) | 534 |  |  | 321 |  |  | 3,202 |  |  | 3,384 |
Other countries | 217 |  |  | — |  |  | 189 |  |  | 170 |
Total general fund assets | $ | 5,666 |  |  | $ | 4,468 |  |  | $ | 13,930 |  |  | $ | 14,378 |
Investment for account of segregated fund holders: |  |  |  |  |  |  |
United Kingdom | $ | — |  |  | $ | — |  |  | $ | 11,026 |  |  | $ | 10,513 |
Total investment for account of segregated fund holders | $ | — |  |  | $ | — |  |  | $ | 11,026 |  |  | $ | 10,513 |
(1) Consists of the Canadian operations of Bentall Kennedy and Sun Life Institutional Investments (Canada) Inc. for Asset Management. The following table shows revenue by country for Asset Management and Corporate:
| Asset Management |  | Corporate
For the years ended December 31, | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Revenue: |  |  |  |  |  |  |
United States | $ | 4,139 |  |  | $ | 3,945 |  |  | $ | 191 |  |  | $ | 58 |
United Kingdom | 32 |  |  | — |  |  | 903 |  |  | 142 |
Canada(1) | 210 |  |  | 179 |  |  | 93 |  |  | 38 |
Other countries | 11 |  |  | — |  |  | 7 |  |  | 1 |
Total revenue | $ | 4,392 |  |  | $ | 4,124 |  |  | $ | 1,194 |  |  | $ | 239 |
(1) Consists of the Canadian operations of Bentall Kennedy and Sun Life Institutional Investments (Canada) Inc. for Asset Management.

X
- Definition The disclosure of geographical information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2019-01-01 -Paragraph 33 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2019-en-r&anchor=para_33&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfGeographicalAreasExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of operating segments. [Refer: Operating segments [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2019-01-01 -Paragraph 23 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2019-en-r&anchor=para_23&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfOperatingSegmentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Operating Segments [Abstract] + References No definition available. + Details
Name: | slf_OperatingSegmentsAbstract
Namespace Prefix: | slf_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration