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Canada’s Sun Life Financial SLF-T reported a jump in second-quarter profit on Thursday, driven by strong growth in its Asia unit, where insurers are expanding to tap a growing, underinsured middle class and offset weakness in the U.S. market.

“Sun Life’s Q2 results were driven by record underlying net income in Asia with strong protection business growth, higher wealth management and investment earnings,” CEO Kevin Strain said in a statement.

Underlying net income from the company’s Asia operations helped lift overall earnings to $716 million, or $1.26 per share, for the quarter ended June 30, up from $646 million, or $1.11 per share, a year earlier.

However, underlying earnings

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