Just Group plc | Annual Report and Accounts 2024
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STRATEGIC PRIORITIES
Our purpose: We help people achieve a better later life Underpinned by our five strategic priorities :
GROW Sustainably
Scale with Technology
Principal risks and uncertainties
FOCUS We enhanced our capital resilience and capacity to support strong growth in our DB and retail businesses.
FOCUS We continued to modernise our legacy infrastructure and automate processes, to enable future productivity.
Ongoing risks: A Market B Credit C Insurance D Liquidity E Conduct and operational f Strategic Risk outlook: 1 Political and regulatory 2 Climate and environmental, social and governance (“ESG”) 3 Cyber and technology 4 Insurance 5 Market and credit
2024 PROGRESS • Secured our largest DB deal to
2024 PROGRESS • Modernised our DB infrastructure and operational processes, improving business productivity. • Improved our ability to provide DB quotes on demand. • Initiated modernisation of our retail new business systems. • Launched an AI enablement hub to identify/progress key opportunities. • Enhanced our operating cost to revenue ratio.
date, at £1.8bn. Enabled by utilising our DB partner relationships and demonstrating our large deal framework in practice. • We are a major participant in the <£1bn transaction size part of the market, doubling our market share since 2021. • Strengthened our investments capability. Our expanded team internally originated £1.0bn of new illiquid assets, in addition to LTMs. • Achieved significant growth in new business sales and profits, maintaining low capital strain on new business. • Successful issuance of a Sustainability Tier 2 bond. 2025 FOCUS • We will continue to strengthen our investment capabilities whilst maintaining financial discipline as we grow.
6 Liquidity 7 Strategic
2025 FOCUS • We will continue to enhance productivity and improve operational
capabilities, through process improvements and investment in technology.
Link to ONGOING RISKS:
Link to ONGOING RISKS:
LINK TO RISK OUTLOOK:
LINK TO RISK OUTLOOK:
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