XML 65 R38.htm IDEA: XBRL DOCUMENT
v3.20.4

Segmented Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Operating Segments [Abstract] |
Results of operating segments | Results by segment for the years ended December 31, are as follows:
| Canada |  | U.S. | Asset Management(1) |  | Asia | Corporate | Consolidation adjustments(1) |  | Total
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross premiums: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Annuities |  | $ | 3,594 |  |  | $ | — |  |  | $ | — |  |  | $ | 108 |  |  | $ | 27 |  |  | $ | — |  |  | $ | 3,729 |
Life insurance |  | 5,358 |  |  | 1,548 |  |  | — |  |  | 4,821 |  |  | 85 |  |  | — |  |  | 11,812 |
Health insurance |  | 6,011 |  |  | 4,583 |  |  | — |  |  | 33 |  |  | 22 |  |  | — |  |  | 10,649 |
Total gross premiums |  | 14,963 |  |  | 6,131 |  |  | — |  |  | 4,962 |  |  | 134 |  |  | — |  |  | 26,190 |
Less: Ceded premiums |  | 1,530 |  |  | 695 |  |  | — |  |  | 212 |  |  | 15 |  |  | — |  |  | 2,452 |
Net investment income (loss) |  | 6,823 |  |  | 2,610 |  |  | 23 |  |  | 2,550 |  |  | 758 |  |  | (46) |  |  | 12,718 |
Fee income |  | 1,376 |  |  | 92 |  |  | 5,014 |  |  | 572 |  |  | 103 |  |  | (276) |  |  | 6,881 |
Total revenue |  | 21,632 |  |  | 8,138 |  |  | 5,037 |  |  | 7,872 |  |  | 980 |  |  | (322) |  |  | 43,337 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total benefits and expenses |  | 20,669 |  |  | 7,825 |  |  | 3,712 |  |  | 7,137 |  |  | 1,029 |  |  | (322) |  |  | 40,050 |
Income tax expense (benefit) |  | 50 |  |  | 56 |  |  | 334 |  |  | 54 |  |  | 1 |  |  | — |  |  | 495 |
Total net income (loss) |  | $ | 913 |  |  | $ | 257 |  |  | $ | 991 |  |  | $ | 681 |  |  | $ | (50) |  |  | $ | — |  |  | $ | 2,792 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to participating policyholders | 196 |  |  | — |  |  | — |  |  | 87 |  |  | — |  |  | — |  |  | 283 |
Net income (loss) attributable to non-controlling interests | — |  |  | — |  |  | 11 |  |  | — |  |  | — |  |  | — |  |  | 11 |
Shareholders’ net income (loss) |  | $ | 717 |  |  | $ | 257 |  |  | $ | 980 |  |  | $ | 594 |  |  | $ | (50) |  |  | $ | — |  |  | $ | 2,498 |
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 |  |  | 905 |  |  | 11 |  |  | 13,140 |
Fee income |  | 1,320 |  |  | 86 |  |  | 4,471 |  |  | 531 |  |  | 118 |  |  | (275) |  |  | 6,251 |
Total revenue |  | 20,389 |  |  | 8,064 |  |  | 4,554 |  |  | 5,804 |  |  | 1,132 |  |  | (264) |  |  | 39,679 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total benefits and expenses |  | 19,317 |  |  | 7,878 |  |  | 3,391 |  |  | 5,172 |  |  | 1,014 |  |  | (326) |  |  | 36,446 |
Income tax expense (benefit) |  | 15 |  |  | 28 |  |  | 262 |  |  | 51 |  |  | (70) |  |  | — |  |  | 286 |
Total net income (loss) |  | $ | 1,057 |  |  | $ | 158 |  |  | $ | 901 |  |  | $ | 581 |  |  | $ | 188 |  |  | $ | 62 |  |  | $ | 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 |  |  | 188 |  | $ | 62 |  |  | $ | 2,713 |
(1) Reflects a change in presentation for our Asset Management segment effective January 1, 2020. We have updated the prior period to reflect this change in presentation. Assets and liabilities by segment are as follows:
| Canada |  | U.S. | Asset Management |  | Asia | Corporate | Consolidation adjustments |  | Total
As at December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total general fund assets |  | $ | 106,318 |  |  | $ | 33,790 |  |  | $ | 6,957 |  |  | $ | 36,414 |  |  | $ | 13,897 |  |  | $ | (286) |  |  | $ | 197,090 |
Investments for account of segregated fund holders |  | $ | 107,494 |  |  | $ | 541 |  |  | $ | — |  |  | $ | 7,211 |  |  | $ | 10,675 |  |  | $ | — |  |  | $ | 125,921 |
Total general fund liabilities |  | $ | 97,728 |  |  | $ | 30,354 |  |  | $ | 4,898 |  |  | $ | 30,004 |  |  | $ | 8,530 |  |  | $ | (286) |  |  | $ | 171,228 |
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 |
Disclosure of geographical areas | The following table shows revenue by country for Asset Management and Corporate:
| Asset Management |  | Corporate
For the years ended December 31, | 2020 |  | 2019 |  | 2020 |  | 2019
Revenue: |  |  |  |  |  |  |
United States(1) | $ | 4,505 |  |  | $ | 4,185 |  |  | $ | 169 |  |  | $ | 129 |
United Kingdom | 174 |  |  | 32 |  |  | 725 |  |  | 903 |
Canada(1) | 311 |  |  | 326 |  | (2)'' | 79 |  |  | 93 |
Other countries | 47 |  |  | 11 |  |  | 7 |  |  | 7 |
Total revenue | $ | 5,037 |  |  | $ | 4,554 |  |  | $ | 980 |  |  | $ | 1,132 |
(1) Reflects a change in presentation for our Asset Management segment effective January 1, 2020. We have updated the prior period to reflect this change in presentation. (2) Consists of the Canadian operations of Bentall Kennedy and Sun Life Institutional Investments (Canada) Inc. for Asset Management. The following table shows total assets by country for Asset Management and Corporate:
| Asset Management |  | Corporate
As at December 31, | 2020 |  | 2019 | 2020 | 2019
Total general fund assets: |  |  |  |  |  |  |
United States | $ | 5,124 |  |  | $ | 4,770 |  |  | $ | 2,227 |  |  | $ | 2,329 |
United Kingdom | 1,037 |  |  | 145 |  |  | 7,766 |  |  | 8,210 |
Canada | 580 |  |  | 534 |  | (1)'' | 3,716 |  |  | 3,202 |
Other countries | 216 |  |  | 217 |  |  | 188 |  |  | 189 |
Total general fund assets | $ | 6,957 |  |  | $ | 5,666 |  |  | $ | 13,897 |  |  | $ | 13,930 |
Investment for account of segregated fund holders: |  |  |  |  |  |  |
United Kingdom | $ | — |  |  | $ | — |  |  | $ | 10,675 |  |  | $ | 11,026 |
Total investment for account of segregated fund holders | $ | — |  |  | $ | — |  |  | $ | 10,675 |  |  | $ | 11,026 |
(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