Just Group stock reports GBP 1.2 billion retirement sales

Just Group stock is backed by GBP 1.2 billion in retirement income sales for the six months ended June 30, 2026, while its regulatory capital coverage ratio stood at 171 percent. The figures come from the half-year report announced on September 22, 2026.

Retirement sales reset in 2026

According to TradingView, Just Group recorded retirement income sales of GBP 1,199 million in the first half of 2026, compared with GBP 2,156 million in the first half of 2025. The comparison shows a 44.4 percent decline, giving investors a clearer measure of the period's sales pressure than the headline total alone.

Pension risk transfer sales contributed GBP 647 million across 46 transactions, while individual annuity sales reached GBP 527 million. The two channels show how Just Group is balancing institutional pension business with products aimed at individual retirement income.

Capital ratio remains the key test

The regulatory Solvency II capital coverage ratio was 171 percent at June 30, 2026, down from 179 percent at December 31, 2025. On the investor basis, the ratio was 183 percent, giving the balance sheet a higher cushion under that presentation.

Assets under management stood at GBP 30 billion at June 30, 2026, matching the December 31, 2025 level. Just Group also completed a GBP 250 million Tier 2 debt raise in June, with GBP 100 million designated as capital for future growth.

Investment scale supports growth plans

Just Group reported IFRS operating profit of GBP 70 million for the six months ended June 30, 2026. Its investment portfolio totaled GBP 37.6 billion, up from GBP 37.4 billion at December 31, 2025, while the core portfolio excluding derivatives and collateral was GBP 29.9 billion.

The combination of GBP 30 billion in assets under management and a 171 percent regulatory capital ratio points to balance-sheet capacity as the central operating reference for the second half of 2026. The reported sales split will show whether institutional and individual demand can rebuild the first-half decline.

Just Group key facts