British insurer Just Group posts 23% fall in half-year operating profit

Brookfield

07/08/2025 07:15

Aug 7 (Reuters) - British insurer Just Group JUSTJ.L posted on Thursday a 23% fall in first-half operating profit, pressured by weaker new business margins amid stiff competition and tighter credit spreads.

The company, which agreed to a 2.4-billion-pound ($3.20 billion) takeover deal by Canada's Brookfield Wealth Solutions BNT.N in late July, reported an underlying operating profit of 192 million pounds, down from 249 million pounds last year.

   ($1 = 0.7490 pounds)

 (Reporting by Yamini Kalia in Bengaluru; Editing by Sherry Jacob-Phillips)

 ((Yamini.Kalia@thomsonreuters.com;))