Sun Life Financial 2011 Results

By on February 20, 2012 at 8:17 am

Sun Life Financial released their fourth quarter of 2011 and full year 2011 reports on February 15, 2012. The numbers showed net operating losses for the quarter and the year. The fourth quarter loss was reported at $221 million, while the yearly operating loss was listed at $525 million for calendar year 2011.

Despite the losses, Sun Life Financial reported common stock shareholders would receive a dividend payout of $0.38 for the period. This was a loss of $0.36 from a year ago per share. Even with the loss reported, positive indicators were listed in the financial reports.

While Sun Life Financial showed a net operating loss, they did show a 9 percent improvement in sales of insurance products, including annuity accounts, in Canada. Sun Life Financial also showed $144 million in profits from annuity products in Asian markets.

Sun Life Financial reported an operating net income of $104 million for the fourth quarter, bringing the total operating net income loss for 2011 to $300 million. The growth of net operating income shows the company maintaining margins on their accounts, despite the loss.

Sun Life Financial’s statements came with the disclosure that the company has improved their capital liquidity, and is showing positive signs of growth. The biggest areas of growth are in emerging markets, and new varieties of insurance products, including annuity accounts. While the company faced some difficulty during 2011 with expenses outstripping income, primarily from failed ventures, the company has reduced overhead and is showing positive signs of growth into the coming year.

The analysis projection for 2012 shows Sun Life Financial expecting to rebound during the year. They do not expect numbers close to the profits recorded in 2010, but should erase the net operating loss for 2011, arriving in the area of $350 million profits.

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