Sun Life completes sale of reinsurance business to Berkshire Hathaway

TORONTO, Jan. 4 /CNW/ - Sun Life Financial Inc. (TSX/NYSE: SLF) announced today that Sun Life Assurance Company of Canada completed the sale of its life reinsurance business to Berkshire Hathaway Life Co. of Nebraska on December 31, 2010. The agreement to sell the business was announced on October 27, 2010.

The transaction reflects Sun Life Financial's strategy to focus its activities and deploy capital to key businesses that can best achieve strong, sustainable growth for the Company.

About Sun Life Financial

Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of September 30, 2010, the Sun Life Financial group of companies had total assets under management of CDN$455 billion. For more information please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.