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Canadian insurer Sun Life Q4 profit beats estimates on asset management strength

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TORONTO, Feb 10 (Reuters) - Sun Life Financial Increported fourth-quarter earnings that beat estimates onWednesday, as strong asset management performance offsetdeclines in its Canadian and Asian businesses.

Canada's second-biggest life insurer said underlying profitrose to C$862 million ($679.01 million), or C$1.47 a share, inthe three months through December, from C$792 million, orC$1.34, a year earlier. Analysts had expected C$823 million, orC$1.38 a share.

Reported net income increased to C$744 million, or C$1.27 ashare, from C$719 million, or C$1.22, a year earlier.

($1 = 1.2695 Canadian dollars)(Reporting by Nichola Saminather; Editing by Lisa Shumaker)