JRP Group plc Capital Markets Day

RNS Number : 6999L

JRP Group PLC

05 October 2016

 

                                                                                                                                           www.jrpgroup.com

5 OCTOBER 2016

JRP GROUP PLC Capital Markets Day

A Sustainable Model In Growing Markets

Following completion of the merger of Just Retirement and Partnership in April, JRP Group is today hosting a capital markets day. JRP will update analysts and investors on its strategy, demonstrating that it has a profitable and sustainable business model in growing markets.

Rodney Cook, CEO of JRP Group, said:

"We are delighted to update the market on the progress we have made with our business model since our merger. Today's update explains how medical underwriting gives us an IP-driven competitive advantage. This, and our innovative distribution strategy will give us a continued edge in growing retirement income markets. Once our targeted merger synergies are captured we expect to achieve mid-teens new business IRR's. We also explain how our conservative balance sheet management and capital-lite financial model ensure the sustainability of our capital strategy. This has driven our resilient capital position. Our recent results demonstrated that the model is already delivering increasing shareholder value, through rising merger synergies and increased margins."

Enquiries

Investors / Analysts James Pearce, Group Investor Relations Director Telephone: [phone] [e-mail]

Media Stephen Lowe, Group Communications Director Telephone: [phone] [e-mail] Temple Bar Advisory Alex Child-Villiers William Barker Telephone: [phone]

JRP GROUP PLC

GROUP COMMUNICATIONS

Vale House, Roebuck Close

Bancroft Road, Reigate

Surrey RH2 7RU

A live webcast will be available on www.jrpgroup.com at 9am and the presentation slides will be posted on the website.

Due to security restrictions at the venue attendance is limited to those who have registered.

FINANCIAL CALENDAR:

	Date
Payment of second interim dividend Business update for the period ending 30 September 2016	28 October 2016 3 November 2016

 

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