Just Group plc (JUST.L), a provider of retirement products and services, Wednesday said its Retirement Income sales (shareholder funded) increased 36 percent to 5.308 billion pounds , driven by both Defined Benefit De-risking (DB) and Guaranteed Income for Life (GIfL). The company also confirmed its full-year operating profit outlook.
Total Retirement Income sales, which includes DB Partner, were up 49 percent to 6.409 billion pounds.
DB sales (shareholder funded) grew 43 percent to 4.275 billion pounds, with total sales, including DB Partner, were up 57 percent to 5.376 billion pounds.
GIfL sales rose 16 percent to 1.033 billion pounds.
Looking ahead, the company continues to expect full-year operating profit to be more than double over 2021.
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