Just Group's operating profit rises by 154%

Written by Adam Cadle

15/08/2023

Just Group has revealed a 154% rise in underlying operating profit from £68m in the first half of last year to £173m in the six months to 30 June this year.

The growth was driven by significantly higher new business profits, the insurer said.

Just Group chief executive David Richardson said its defined benefit (DB) business had, in particular, gone from "strength to strength" - noting that, during the first six months of the year, Just completed 35 transactions of which 32 were less than £100m and 22 were less than £10m.

It said it had, during the period, written both its largest (£513m) and smallest (£0.6m) deals to date, and had a sizeable ongoing pipeline of new business opportunities for the second half of the year.

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