Sun Life Q3 2009 Earnings

Scotia Capital, 6 November 2009Q3/09 Misses on Credit - Significantly lowering EPS� A miss, once again on larger credit hits than expected. A noisy quarter, with credit hits $0.10 higher than expected and the gain from equity markets $0.07 less than expected.� Underlying EPS somewhere between $0.67 and $0.72 - our estimate was $0.72. Details are shown in Exhibit 1. SLF management suggests the