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Just Group’s illiquid asset origination increases by 40% to £2.4bn

Written by Adam Cadle
16/01/2025

Just Group’s illiquid asset origination increased by 40% to £2.4bn for the year ended 31 December 2024, its latest business update has revealed.

The insurer said this supports its new business pricing, while also diversifying the in-force asst backing portfolio. Of this, £1bn was sourced internally by its expanded investments team, demonstrating the flexibility and scalability of its origination model, in addition to lifetime mortgages.

Commenting on the group’s overall financial health, CEO David Richardson said: “We expect 2024 operating profit to substantially exceed a doubling of 2021 operating profit.

“Our successes in 2024 and positioning in strong markets together with the ongoing tailwind from higher long-term rates gives us confidence in our prospects for 2024 and beyond. We are very excited about the future for Just.”


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