The group announced its results for the year to 30 June 2010, and revealed that its value had soared by 107% from £139.8m to £288.8m.
It said that the growth was a result of a significant contribution from the value of new business, which was at £56.5m, a 15% gain compared to the year before.
Rodney cook, CEO of Just Retirement, said: “We have already announced the fact that the group recorded sales of over £1bn for the first time and I am extremely pleased to be able to report that this growth has been more than mirrored in Just Retirement’s profitability. From the value of new business through operating profit to embedded value, the group has reported record numbers.”
He added: “By focusing more on profit and capital preservation than just sales, Just Retirement entered the year to June 2010 in great shape. This allowed the group to make further market gains.”
