By Michael Susin

Aviva PLC on Thursday reported a 11% rise in new business for the first nine months of the year and said that it is on track to meet cost-saving targets.

The FTSE 100 listed insurer said that total life new business premiums rose to 34.67 billion pounds ($46.49 billion) for the first nine months of the year compared with GBP31.1 billion for the same period last year.

U.K. and Ireland life sales rose to GBP25.3 billion compared with GBP21.8 billion, with strong growth in savings and retirement. General insurance new written premiums rose to GBP6.5 billion, from GBP6.2 billion.

Aviva's Solvency II cover ratio was 215% compared with 203% at June 30.

"We expect the good trading momentum to continue in the fourth quarter, and we remain on track to meet or exceed our cash and cost saving targets," company said.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

11-11-21 0257ET