Commitments, Guarantees and Contingencies (Tables)

12 Months Ended

Dec. 31, 2023

The following tables set forth certain consolidating summary financial information for SLF Inc. and Sun Life Assurance (consolidated):


For the years ended	SLF Inc.(unconsolidated)			Sun Life Assurance (consolidated)			Other subsidiaries of SLF Inc. (combined)			Consolidation adjustments			SLF Inc. (consolidated)
December 31, 2023
Insurance revenue		$	—		$	17,844		$	5,055		$	(1,543)		$	21,356
Net investment income (loss) excluding result for segregated fund holders		466			11,176			903			(959)			11,586
Fee income		1			1,687			6,647			(503)			7,832
Other income		—			169			—			—			169
Total revenue		$	467		$	30,876		$	12,605		$	(3,005)		$	40,943
Shareholders’ net income (loss)		$	3,165		$	1,908		$	1,084		$	(2,992)		$	3,165
December 31, 2022
(restated, see Note 2)
Insurance revenue		$	—		$	16,973		$	3,147		$	(1,218)		$	18,902
Net investment income (loss) excluding result for segregated fund holders		589			(18,474)			(1,365)			(1,330)			(20,580)
Fee income		1			1,630			6,239			(423)			7,447
Total revenue		$	590		$	129		$	8,021		$	(2,971)		$	5,769
Shareholders’ net income (loss)		$	2,941		$	1,603		$	1,017		$	(2,620)		$	2,941


Assets and liabilities as at	SLF Inc.(unconsolidated)			Sun Life Assurance (consolidated)			Other subsidiaries of SLF Inc. (combined)			Consolidation adjustments			SLF Inc. (consolidated)
December 31, 2023
Invested assets		$	26,239		$	164,557		$	13,913		$	(30,381)		$	174,328
Reinsurance contract held assets		$	—		$	5,858		$	3		$	(67)		$	5,794
Insurance contract assets		$	—		$	184		$	637		$	(637)		$	184
Total other general fund assets		$	4,547		$	13,302		$	9,805		$	(3,171)		$	24,483
Investments for account of segregated fund holders		$	—		$	128,396		$	56		$	—		$	128,452
Insurance contract liabilities excluding those for account of segregated fund holders		$	—		$	135,445		$	291		$	(67)		$	135,669
Reinsurance contract held liabilities		$	—		$	2,260		$	—		$	(637)		$	1,623
Investment contract liabilities		$	—		$	11,672		$	—		$	—		$	11,672
Total other general fund liabilities		$	7,300		$	15,041		$	14,880		$	(5,596)		$	31,625
Insurance contract liabilities for account of segregated fund holders		$	—		$	18,985		$	56		$	—		$	19,041
Investment contract liabilities for account of segregated fund holders		$	—		$	109,411		$	—		$	—		$	109,411















December 31, 2022
(restated, see Note 2)
Invested assets	$	25,851	$	159,311	$	12,322	$	(28,695)	$	168,789
Reinsurance contract held assets	$	—	$	6,182	$	3	$	(70)	$	6,115
Insurance contract assets	$	—	$	75	$	719	$	(719)	$	75
Total other general fund assets	$	6,594	$	12,877	$	14,570	$	(10,704)	$	23,337
Investments for account of segregated fund holders	$	—	$	125,242	$	50	$	—	$	125,292
Insurance contract liabilities excluding those for account of segregated fund holders	$	—	$	130,908	$	456	$	(70)	$	131,294
Reinsurance contract held liabilities	$	—	$	2,322	$	—	$	(719)	$	1,603
Investment contract liabilities	$	—	$	10,728	$	1	$	(1)	$	10,728
Total other general fund liabilities	$	9,916	$	14,580	$	18,886	$	(11,578)	$	31,804
Insurance contract liabilities for account of segregated fund holders	$	—	$	23,089	$	50	$	—	$	23,139
Investment contract liabilities for account of segregated fund holders	$	—	$	102,153	$	—	$	—	$	102,153