LONDON, Dec 6 (Reuters) - British life insurer Phoenix set an incremental new business long-term cash generation target of around 1.5 billion pounds ($1.83 billion) by 2025 on Tuesday, following strong performance for 2022.

Phoenix said in a statement ahead of an investor day that it remained on track to deliver 2022 cash generation at the top end of its target range of 1.3-1.4 billion pounds.

It expects to deliver around 1.2 billion of incremental new business long-term cash generation in 2022 through organic growth.

($1 = 0.8214 pounds) (Reporting by Carolyn Cohn, editing by Kirstin Ridley)