Just Group gets A+ insurer rating by Fitch

Retirement product specialist Just Group said its principal insurance subsidiary had been given an A+ financial strength rating by Fitch.

Fitch, in its inaugural ratings for the group, also gave the subsidiary and the parent company issuer default ratings of single A. All three ratings have a stable outlook.

“These ratings reflect a number of the group's strengths, including its capital structure, its well-matched investment strategy, and its strong earnings profile,” the company said.

Chief executive Rodney Cook said the assessment was a “significant milestone for our business, and further external validation of our attractive business model”.

“JRL's rating is expected to strengthen its position in the defined benefit de-risking market,” he said.

“We will continue to focus on the execution of our strategy. Our commanding IP-driven pricing advantage and outstanding customer service ensure we are well positioned to deliver innovative solutions to our customers and policyholders. This will enable us to improve shareholder returns over time."