October 31, 2018 / 7:09 AM / 17 days ago

BRIEF-Just Group total 9-months new business sales 2.28 bln stg

Oct 31 (Reuters) - Just Group PLC:

* TOTAL NEW BUSINESS SALES UP 40 PCT TO 2,282 MLN STG

* SAYS RETIREMENT INCOME SALES FOR 9M18 WERE 44% HIGHER THAN FOR 9M17

* SAYS DB SALES FOR 9M18 WERE UP 91% TO £1,081M

* SAYS GUARANTEED INCOME FOR LIFE (“GIFL”) SALES FOR 9M18 WERE UP 3% TO £627M

* SAYS LIFETIME MORTGAGE (“LTM”) ADVANCES OF £483M WERE UP 32% ON 9M17

* SAYS JUST GROUP HAS SUBMITTED ITS RESPONSE TO CONSULTATION PAPER (“CP”) 13/18

* SAYS BOARD IS PREPARING FOR A WIDE RANGE OF POSSIBLE OUTCOMES AND REMAINS IN CONSTRUCTIVE DIALOGUE WITH PRA

* SAYS REMAINS FOCUSED ON ACHIEVING ATTRACTIVE RETURNS ON CAPITAL FROM NEW BUSINESS AND, IN ANTICIPATION OF POTENTIAL INCREASE IN CAPITAL REQUIREMENTS AS A RESULT OF CP13/18, HAS STRENGTHENED ITS PRICING DISCIPLINE FURTHER DURING QUARTER

* SAYS WHILST PRICE INCREASES WILL AFFECT SALES IN FINAL QUARTER WE REMAIN CONFIDENT OF DELIVERING A STRONG PERFORMANCE FOR YEAR Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)

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