JRP Group comfortable with capital position at half-year stage

Business had continued to hum along at a good pace at JRP Group since the spring.

Trading in all the main units, defined benefit de-risking, individual guaranteed income for life solutions and lifetime mortgages was in-line with expectations between 11 May and 31 July, according to the specialist UK retirement services group.

Surrey-based JRP added that it continued to be well-capitalised, with its solvency capital II capital ratio standing at roughly 130% as of 30 June.

"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," group chief executive Rodney Cook said in a statement.

The company also expected to report an embedded value of 200p per share as of the same date.

JRP was formed from the merger between Just Retirement Group and Partnership Assurance on 4 April 2015.

Interim results were scheduled to be published on 15 September.