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Just Group posts 11% rise in 2020 profit

BENGALURU, March 16 (Reuters) - Specialist pension provider Just Group Plc on Tuesday reported an 11% rise in annual earnings, boosted by solid income growth from new sales and strong in-force profit.

The insurer, which specialises in annuities for people with reduced life expectancy, said underlying operating profit rose to 297 million pounds ($410.90 million) in the year ended Dec. 31, from 266.4 million pounds a year earlier.

The company did not recommend paying a final dividend, citing an uncertain environment caused by the COVID-19 pandemic. ($1 = 0.7228 pounds) (Reporting by Chris Thomas and Muvija M in Bengaluru; Editing by Ramakrishnan M.)

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