Mr. Kevin Strain reports

SUN LIFE HOSTS INVESTOR DAY 2024 IN TORONTO

Sun Life Financial Inc. will host investor day 2024 in Toronto today. During the event, Sun Life will showcase its winning record, highlight progress made on its strategic priorities, detail updates to its medium-term financial objectives and business group targets, and ultimately demonstrate how the company is delivering for its clients and investors.

Several members of Sun Life's senior management team will host presentations and interactive discussions on topics including: digital leadership, client impact and insights into Sun Life's four business groups -- asset management, Canada, the United States and Asia -- all themed around "playing to win."

"Over the past 10 years, Sun Life's commitment to being a purpose-driven company has not only delivered a robust track record of execution and financial performance, we've also showcased remarkable resilience in delivering a positive impact for our investors and clients around the world," said Kevin Strain, president and chief executive officer for Sun Life. "Our winning strategy, anchored by our superior business mix, has consistently played to win through organic growth, strategic acquisitions and partnerships. We're proud of the journey we've been on and the exciting future ahead for Sun Life as we continue to drive growth and value for all of our shareholders and clients.

"We're excited to elevate our focus with increases to the company's medium-term financial objectives for underlying earnings per share (EPS) growth per annum to 10 per cent and underlying return on equity (ROE) to 20 per cent, while reaffirming our underlying dividend payout ratio1 medium-term financial objective of 40 to 50 per cent."

"Our focus on capital-light businesses has supported strong capital generation, delivered exceptional returns and created value for Sun Life investors," said Tim Deacon, executive vice-president and chief financial officer. "Our strong balance sheet is a cornerstone of strength and will continue to serve as a strategic lever for our next stage of growth."

Investor day 2024 details

Date:  Wednesday, Nov. 13, 2024

Time:  8 a.m. ET to 1 p.m. ET

Location:   1 York St., 35th floor, Toronto, Ont. (and via live webcast on-line)

The webcast replay will be available after the event.

Research analysts attending in person will have the opportunity to participate in live question-and-answer sessions. For more information on the event and to access the slides from each presentation, please visit the Sun Life investor day 2024 website.

About Sun Life Financial Inc.

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of Sept. 30, 2024, Sun Life had total assets under management of $1.51-trillion.

We seek Safe Harbor.