Just Retirement, a specialist life assurance group focusing on the provision of financial services to those at or in retirement, has reported total sales of GBP676.8 million for the fiscal 2007, up from GBP297.9 million last year.
The group has reported a new business value of GBP40.3 million and embedded value of GBP143.2 million, up 133% and 277%, respectively. The value of new life business after tax rose 133% to GBP40.3 million, benefiting from growth in sales and a strong margin performance.
Mike Fuller, CEO of Just Retirement, commented: I am delighted to be able to announce such a strong set of results in a year during which much time and effort was spent on listing the company on AIM. The results reveal a real momentum within our business, and show our propositions are being embraced by intermediaries and consumers alike.
As a mark of this success, we are the number one ranked provider of enhanced annuities and equity release products in the quarter ended June.