Tim Breedon, group chief executive, said: "Our sales performance has been good in a tough environment. In Q4 we have increased Risk and Savings sales compared to Q3, and attracted £5 billion of gross inflows into Investment Management.
"In our Risk business we have moved our protection products further away from housing related business and delivered strong, diversified annuity sales. Our reputation, products and client service offering have continued to attract customers to our Savings and Investment Management businesses.
"Legal & General's capital and cashflow position remains robust, and our significant surplus gives confidence to our customers, underpins returns to investors, and enables us to build the business even through volatile markets.
"The challenges of recent months look set to continue in 2009 - but there will be opportunities for growth. We have the confidence to continue to grow and develop our business profitably and invest for the future."
