Britannic Group has announced a dip in operating profits and a further 200 job losses at its life arm Britannic Assurance. In its half-year results, the company says Britannic Money and Britannic Retirement Solutions are on course to break even next year. Britannic Asset Management saw new business soar to £157m from £80m last year. The group's operating profit was down to £52m compared to £80m last year. It says its new focus will be on growing its asset management and retirement businesses.