Legal & General Group Plc (LGEN) has posted an increase of 12% to £442m from £388m in its global sales on May 4. The revenue of the U. K.’s fourth-biggest insurer has climbed in the first three months of last years.

The operational cost generation has increased by 25%, which is up from £198m to £248m in the first three months of 2010. While, the net cash generation has increased by 18% to £212m from £179m.

The Group Chief Executive of L&G, Tim Breedon, said that the growth in the revenue of the company was already expected.

Mr. Breedon said that with an increment in net cash generation, they will be able to turn out £700m of net cash in 2011. He further said that he is confident about the new projects of the company in 2011 as the company is succeeding in many key projects.

The Legal & General Investment Management (LGIM) has posted approximately £11bn of gross new business.

Mr. Breedon asserted, "Our Retail Distribution Review (RDR) project is entering its implementation phase with a number of business partners signed up for post-RDR distribution agreements”.