Insurer Just Group posts 27% drop in H1 operating profit, pays no dividend

LONDON (Reuters) – British specialist pension provider Just Group (L:) posted a 27% fall in first-half underlying operating profit to 114 million pounds due to a drop in new business profit, it said on Wednesday.

Just Group, which specialises in annuities for people with a reduced life expectancy, has suffered from new rules from Britain’s Prudential (LON:) Regulation Authority requiring more capital behind lifetime mortgages, one of its key products.

Just Group, which did not pay a dividend last year, said it did not intend to pay an interim dividend.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

READ SOURCE