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UK insurer Just Group retirement income jumps 25% -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The Just Group logo can be seen on a smartphone in the background of the displayed logo in this illustration, taken December 1, 2021. REUTERS/Dado Ruvic/Illustration

LONDON (Reuters] – British insurer Just Group reported Tuesday on Tuesday that both its retirement incomes and new business profit grew last fiscal year in a trading update for 2021.

Just Group is a specialist in annuities, which pay a fixed income to retired people with shortened life expectancies.

According to the company, income from retirement sales increased 25% to 2.7 Billion Pounds ($3.68 Billion) while profits for new businesses grew by a low double-digit percentage.

According to the firm, its organic capital generated more than doubled in the year prior and exceeded its target for 2022 a year earlier.

($1 = 0.7335 pounds)

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