(Bloomberg) -- Old Mutual Plc, the U.K.’s third- biggest insurer, said gross sales climbed 11 percent in the third quarter, led by growth in its wealth business.

Gross sales climbed to 6.5 billion pounds ($10.5 billion) from 5.85 billion pounds a year earlier, London-based Old Mutual said in a statement today. That beat the 6.27 billion-pound estimate of 15 analysts surveyed by the company. Old Mutual’s shares surged to a record in Johannesburg.

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