L&G’s UK protection premium also rose by 6% to £1,077m in the nine months to September, compared to £1,016m for the year to the third quarter 2013, according to its third quarter trading update.
The insurance giant also revealed operational cash was up 8% to £844m, compared to £780m to the same point last year.
Nigel Wilson, group chief executive, said: “We are growing our revenues, operating profit, customers and net cash and are continuing to deliver strong ROE [return on investment].
“Our UK insurance businesses delivered another strong performance, with retail protection growing its sales by 18%. Workplace savings passed the £10bn AUA [Assets Under Administration] milestone and [investment platform] Cofunds AUA in the last year increased by £11bn to £69bn.
“We remain confident in our ability to deliver economically and socially useful products for our customers and strong and sustainable growth for our shareholders.
“Recent market volatility is a reminder of the ongoing market uncertainty that still exists and whilst no model can be completely immunised, we believe our strategy creates a high degree of resilience.”
