August 8, 2018 / 9:26 PM / 2 years ago

SunLife quarterly earnings beat market expectations

FILE PHOTO: The logo of Sun Life Financial is seen in Toronto, Ontario, Canada, May 6, 2015. REUTERS/Fred Thornhill/File Photo

TORONTO (Reuters) - Canadian insurer Sun Life Financial (SLF.TO) on Wednesday reported second-quarter earnings which beat market expectations, driven in part by strong growth from its Asian business.

Sun Life reported net income, excluding one-off items, of C$729 million, or C$1.20 share, compared with C$689 million, or C$1.12 Canadian cents per share, the year before. Analysts had on average forecast earnings, excluding one-off items, of C$1.15, according to Thomson Reuters I/B/E/S data.

Reporting by Matt Scuffham; Editing by James Dalgleish

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