Just Retirement's annuity sales for the three months to 31 March 2011 fell year on year, but the group was buoyed by strong equity release figures.
The provider's annuity sales fell by 2.9% during the quarter compared to the same period in 2010.
However, Just Retirement's total sales for the quarter were boosted overall by its equity release business, which grew by 70.8% compared to the same period last year.
During the quarter, Just Retirement's annuity sales were worth £231.6m, compared to 2010's £238.6m.
The provider's equity release sales hit £58.4m in the quarter, compared to £34.2m in 2010.
Overall, sales in the quarter in 2011 were £290m, representing a 6.3% increase on 2010's £272.8m
"Enhanced annuity sales were £231.6m, which is 14.1% higher compared to the previous quarter but slightly lower than the corresponding period in 2010; a record quarter for Just Retirement," says Rodney Cook, chief executive of Just Retirement.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till