Just Group plc (JUST.L), a financial services company, on Tuesday said its Retirement Income sales for the year ended December 31, 2025 decreased 32% year-on-year to £4.341 billion.
Shareholder-funded Retirement Income sales decreased 18% to £4.341 billion. The company had recorded DB Partner funded reinsurance of £1.101 billion last year.
Within the Retirement Income business, Defined Benefit (DB) de-risking sales fell 28% to £3.071 billion, while Guaranteed Income for Life sales rose 23% to £1.27 billion.
The company expects full-year 2025 new business margins of around 6%.
For 2026, Just Group expects a larger DB market opportunity, following around 350 DB transactions completed in 2025, up from 300 in 2024.
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