 The firm listed on the stock exchange in July |
Edinburgh-based Standard Life has seen its half-yearly sales rise by 17%, amid booming business in the UK. The earnings update is the first since the former mutually-owned insurer listed on the stock exchange in July.
Sales were �745m ($950m) for the past six months, up from �624m in the same period of 2005.
The news comes as other pension firms' results have been mixed. Legal & General did well, while Prudential said conditions were hard.
Standard Life's UK life and pensions sales rose 25% to reach �594m over the past six months.
"It is particularly pleasing to see strong performance in our target markets in the UK" which includes investment bonds and personal pensions, said group chief executive Sandy Crombie.
"Standard Life investments also continue to perform well, despite the volatility in equity markets."
In mid-afternoon trading, shares in the firm had risen by 3.6% to reach 259 pence.
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It is particularly pleasing to see strong performance in our target markets in the UK
