Just Group shares soar 17 per cent after analyst expectations smashed Investing Retirement financial specialist Just Group has soared past expectations with an underlying operating profit of £249m, 20 per cent ahead of consensus and up 44 per cent from last year. The company’s shares have soared 17 per cent this morning as a result to their highest in six years. In the firm’s interim results for [...]
Just Group shares up 7.3 per cent after profits surge Retirement The firm reported an underlying operating profit of £377m in its full-year results for 2023, four per cent ahead of consensus.
Just Group shares jump as profit survives pandemic Just Group shares jump as profit survives pandemic Just Group’s shares leapt today after it posted slightly higher profit for the first six months of 2020 today despite the pandemic. The figures Underlying operating profit rose £3m to £117m year on year for the first half of 2020. Profit from active life insurance policies shot up 25 per cent year on year to [...]
House price decline hurts Just Group’s solvency ratio May 14, 2020 Specialist pension provider Just Group posted a drop in its solvency ratio today after interest rates plunged around the world over the economic fallout of coronavirus. The insurer told investors its Solvency II coverage ratio has dropped three points to 138 per cent at the end of April 2020. European Solvency II rules stipulate how [...]
Just Group swings to profit as chairman announces resignation March 12, 2020 Insurer Just Group has posted an annual profit for 2019, as the retirement services specialist’s turnaround measures began to take effect. The company also announced this morning that chairman Chris Gibson-Smith will retire from the group as soon as a suitable successor is appointed. The figures Just Group reported profit before tax of £369m for [...]
Shares drop as Just Group CFO announces departure amid regulatory uncertainty October 1, 2018 Just Group's shares fell sharply on news this morning that chief financial officer Simon Thomas is to step down at the end of the month. Shares initially declined by nine per cent, but had recovered to a drop of five per cent by around midday. Read more: Mercer slams CMA for data errors in pension [...]
Annuities heavyweights Just Retirement and Partnership Assurance unveil £670m merger as pension changes bite August 11, 2015 Annuities giant Just Retirement has announced it is buying Partnership Assurance in a £670m all-share merger, after massive changes to the UK's pension regime caused sales of annuities to plummet. Shares in Just Retirement rose 1.66 per cent to 202p in early trading, while Partnership's shares jumped 8.9 per cent to 168p on the announcement [...]
Just Retirement diversifies after pension reform May 12, 2015 Just Retirement yesterday reported a 22 per cent fall in sales over nine months, but said demand for its newer products had protected it from a harsher knock from British pension rule changes. Pension changes, announced last March, mean people who are retiring no longer need to buy an interest-bearing annuity with their pension savings. [...]
Insurers win reprieve over rule changes after Bank of England ERM warning March 2, 2015 Insurers such as Just Retirement have escaped a potentially devastating blow to their earning power thanks to a regulatory re-think over new capital requirements. The Bank of England’s prudential regulation authority (PRA) had been considering rules that may have forced them to abandon the highly lucrative equity release mortgage (ERM) market. Industry sources last [...]
Just Retirement’s annuity rebound surprises market February 24, 2015 Just Retirement Group (JRG) gave the market a shock yesterday, reporting strong annuity sales close to the levels they were at before George Osborne announced sweeping reforms of the pensions market in his Budget last year. Sales of annuities were down by just four per cent, from £687m in the six months to 31 December [...]