Just Group plc

Just Group plc is a FTSE 250-listed UK financial services company specializing in retirement income products and services. Headquartered in Reigate, Surrey, it primarily serves the retirement income market through defined benefit pension de-risking solutions, which account for about 80% of its business, and personal annuities known as Guaranteed Income for Life. The company also offers lifetime mortgages, equity release products, and care fee funding plans tailored for individuals aged 55 and over, often leveraging medical underwriting expertise for enhanced terms based on health and lifestyle factors. Just Group plc generates profits from the 'profit spread' between returns on high-quality, duration-matched fixed income assets and guaranteed lifetime payments on liabilities, with assets and liabilities locked in for an average of 12 years for predictable cash flows. Subsidiaries like Just Retirement Limited handle annuities and mortgages, Partnership Life Assurance Company Limited focuses on care funding, and HUB Financial Solutions provides retirement advice. Committed to the UK market, it maintains a robust Solvency II ratio, strong risk management including reinsurance for longevity risks, and sustainability initiatives such as the first UK insurer Green Bond. Led by CEO David Richardson and Chairman John Hastings-Bass, Just Group plc plays a key role in the expanding £1 trillion defined benefit and £7 billion personal annuity markets, emphasizing organic growth and shareholder returns.