Just Group targets unchanged under IFRS 17

Written by Adam Cadle

06/02/2023

Just Group is continuing its commitment to deliver 15% growth in underlying operating profit per annum over the medium term under IFRS 17, and a greater than 10% return on equity.

In its IFRS 17 update, the group said the will be no change in strategy, growth ambition, capital, cash or dividend policy.

“IFRS 17 is an accounting change and does not affect the underlying economic of our business,” it said.

The company said it expects shareholder value to be broadly unchanged. The capital strength of the new group remains unchanged, along with its new and existing business cashflows. The dividend policy and the group's creditworthiness are also unchanged.

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