Just Retirement's value of new business after tax rose almost 50% to £82.8m for the year ending 30 June 2011.
However, Just Retirement Group pre-tax profits fell 47% to £37.1m fro £71.2m in 2010 due to a sell-off of European debts during the Eurozone crisis.
Enhanced annuity sales increased 11% to 892.9m over the period, whilst equity release mortgage advances increased 22.7% to £242.3m.
The value of total sales over the period was £1.1bn, up 13.3% from 2010.
Assets under management hit £3.5bn, an increase of 26% on 2010's figures.
Rodney Cook, chief executive of Just Retirement said: "The business once again has broken records across most, if not all, its key metrics. We are grateful for the support received from IFAs."
Equates to seven million people
Beware ‘sting in the tail’
Still 66% women in lower quartile
Led by Aberdeen Standard Investments
Introducing admin fee