Just Retirement sales jumped 16.4% in the first quarter of its financial year, helped by a spike in equity release business.
The firm also confirmed it will hold a general meeting to discuss a private equity takeover offer on 4 November.
Total group sales for the three months to 30 September increased to 213.6m, up from 183.5m in the same period of 2008.
Equity release sales rocketed by 51.4% to £50.1m, while annuity sales were more subdued, rising 8.7% to £163.5m.
Chief executive Mike Fuller says: "Current trading remains positive. Our competitive position within enhanced annuities is satisfactory and demand is growing.
"In equity release, while the market is somewhat subdued by continuing concerns over house price valuations, reduced competition has allowed the Group to improve market share."
Just Retirement's board has recommended a 225.5m takeover offer from Permira-backed private equity vehicle, Avalon Acquisitions. It will hold a general meeting on 4 November for shareholders to discuss the offer.
What made financial headlines over the weekend?
'Right thing to do'
£69m spent on upgrades