(Reuters) -British insurer Just Group posted on Thursday a 23% fall in first-half operating profit, pressured by weaker new business margins amid stiff competition and tighter credit spreads.
The company, which agreed to a 2.4-billion-pound ($3.20 billion) takeover deal by Canada’s Brookfield Wealth Solutions in late July, reported an underlying operating profit of 192 million pounds, down from 249 million pounds last year.
($1 = 0.7490 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Sherry Jacob-Phillips)
