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UPDATE 1-Sun Life fourth-quarter earnings beat market forecasts

From Reuters - February 14, 2018

TORONTO (Reuters) - Canadian insurer Sun Life Financial (SLF.TO) reported fourth-quarter earnings that were ahead of market expectations, benefiting from an increase in profits at its U.S. group benefits business.

Sun Life reported earnings per share, excluding one-off items of C$1.05, up from C$0.91 the previous year. Analysts had on average forecast earnings, excluding one-off items, of C$1.02, according to Thomson Reuters I/B/E/S data.

Sun Life said net income, excluding one-off items, grew by 14 percent to C$641 million ($513 million) in the quarter to Dec. 31, 2017. That included a 45 percent increase in underlying net income at its U.S. business and a 29 percent rise in net income at its Asian business.

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