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Trading statements

JRP on course

23 August 2016 07:24

JRP Group says trading to the end of July since its update on 11 May continued in-line with expectations in each of defined benefit de-risking, individual guaranteed income for life solutions and lifetime mortgages.

The group expects to report an embedded value at 30 June 2016 above 200p per share.

The group says it remains comfortably capitalised under Solvency II and expects to confirm that its Solvency Capital ratio at 30 June was around 130%.

JRP says the merger continues to progress in line with expectations, and it will update the market on its progress towards achieving the targeted cost savings of at least £40m in due course.

Chief executive Rodney Cook said: "In these volatile times we wanted to reassure the market ahead of our results. Our merger is progressing well and we remain focused on making money for our shareholders by offering good value to our customers."

Story provided by StockMarketWire.com

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