LONDON (Reuters) - Life insurer Legal and General (Legal & General Group PLC) said it was set to beat its cash generation target for the full year, helped by a cost cuts and buoyant sales over the first nine months.
L&G generated 526 million pounds of cash in the nine months to September 30, the company said on Tuesday, putting it on course to exceed its 600 million pound target for the year as a whole.
L&G, Britain's fourth-biggest life insurer by market value, also confirmed that its worldwide sales for the first nine months of the year were up 27 percent at 1.347 billion pounds.
The company published the bulk of its sales figures for the third quarter on October 22, two weeks earlier than scheduled, after they were inadvertently e-mailed to analysts.
(Reporting by Myles Neligan; editing by Paul Hoskins)