Sun Life's UK Acquisition Adds to Existing Run-off Operations

Scotia Capital, 16 June 2009• Sun Life is buying Lincoln's U.K. operations for C$359 million cash.Implications• Virtually all of what Sun Life picks up is a runoff block of individual insurance and annuity policies, with nearly £4B of assets, about 60% of the size of Sun Life's current U.K. runoff business (£6.5B of assets, about 8% of SLF's bottom line).• Sun Life says it's $0.08-$0.10 per share