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    JRP   GB00BCRX1J15

JUST GROUP PLC

(JRP)
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Just : solvency ratio falls amid coronavirus crisis

05/14/2020 | 02:48am EDT

Specialist pension provider Just Group on Thursday posted a drop in solvency ratio as interest rates fell across regions with countries taking measures to stimulate their economies due to the COVID-19 pandemic.

In a trading statement ahead of its annual general meeting, the company flagged a three point drop in its Solvency II coverage ratio to 138% at the end of April 2020.

European Solvency II rules dictate the amount of capital an insurer must hold to reduce the risk of insolvency. The lower the ratio, the greater the chances of a company defaulting on its obligations.

A level above 100% indicates an insurer has sufficient capital, though regulators prefer to see higher solvency levels, industry sources say.

(Reporting by Muvija M in Bengaluru; editing by Carolyn Cohn)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -0.08% 36.99 End-of-day quote.0.00%
JUST GROUP PLC 0.60% 100.3 Delayed Quote.42.63%
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Financials
Sales 2021 2 798 M 3 898 M 3 898 M
Net income 2021 151 M 210 M 210 M
Net Debt 2021 284 M 396 M 396 M
P/E ratio 2021 8,49x
Yield 2021 -
Capitalization 1 035 M 1 438 M 1 442 M
EV / Sales 2021 0,47x
EV / Sales 2022 0,42x
Nbr of Employees 1 038
Free-Float 98,3%
Chart JUST GROUP PLC
Duration : Period :
Just Group plc Technical Analysis Chart | JRP | GB00BCRX1J15 | MarketScreener
Technical analysis trends JUST GROUP PLC
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 99,70 GBX
Average target price 113,22 GBX
Spread / Average Target 13,6%
EPS Revisions
Managers and Directors
David Louis Richardson Group Chief Executive Officer & Executive Director
Andy Parsons Group Chief Financial Officer & Executive Director
John Peter Hastings-Bass Group Non-Executive Chairman
Giles Offen Group Chief Digital Information Officer
Paul Fulcher Group Executive-Capital Management & Investment
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