Legal & General 9mth net cash rises 14 pct to $1.45 bln

LONDON, Nov 4 (Reuters) - British insurer Legal & General 's net cash generation rose 14 percent to 943 millionpounds ($1.45 billion) in the first nine months of 2015 andassets under management rose 8 percent from a year earlier, itsaid on Wednesday.

Net cash was boosted by greater efficiency and a rise in itsUK protection and savings business, along with the firm's"capital-lite" strategy of reinsuring business to cut capitalcosts, L&G said in a trading statement.

Operational cash generation rose 11 percent to 936 millionpounds.

Assets under management rose to 717 billion pounds andexternal net inflows rose 161 percent from a year earlier to21.7 billion.

"External political and regulatory uncertainties remain, butwe believe that by aligning our strategy to macro trends we havecreated a high degree of resilience in our business model andare well positioned for further growth," Chief Executive NigelWilson said in the statement.

($1 = 0.6485 pounds) (Reporting by Carolyn Cohn, editing by Sinead Cruise)