You are here

Prices & Quotes - UK Markets - Phoenix Group Holdings (PHNX)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 735.20p
Change Today:
3.80p
Market Cap:
7,346m
Sector:
Life Insurance

Phoenix beats cash target and makes green pledges

By Sean Farrell

Date: Thursday 03 Dec 2020

LONDON (ShareCast) - (Sharecast News) - Phoenix Group said it beat its target for cash generation in 2020 as the closed life insurance company pledged to be carbon neutral by 2025.

The FTSE 100 group generated 1.71bn of cash in 2020 compared with 707m in 2019. This year's total was more than the upper end of its target of 1.5bn to 1.6bn.

The total included 472m of cash generation from new business in the nine months to the end of September compared with 483m in the same period a year earlier.

Phoenix's solvency 2 surplus increased by 0.6bn between the end of June and the end of September. The shareholder capital coverage ratio was 159% at the end of September - up from 150% at the end of June and in the middle of the target range of 140% to 180%.

Chief Executive Andy Briggs said: "Phoenix has continued to perform strongly with full year cash generation of 1.7bn now complete, exceeding the top end of our target range. Our balance sheet remains resilient, underpinned by our high-quality portfolio of assets and unique approach to risk management, and our shareholder capital coverage ratio of 159% remains robust."

Phoenix also pledged to make emissions from its premises and business travel net-zero carbon by 2025 and to make its investment portfolio net-zero by 2050. Briggs said Phoenix would cut the impact of its investments by increasing holdings in low-carbon assets and putting pressure on investee companies to comply with the Paris agreement on climate change.

"We will reduce or ultimately eliminate our exposure from companies that show little progress following sustained engagement," Phoenix said.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

PHNX Market Data

Currency UK Pounds
Price 735.20p
Change Today 3.80p
52 Week High 786.20p
52 Week Low 568.40p
Volume 997,399
Shares Issued 999.24m
Market Cap 7,346m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. full sector star
Price Chg 6m
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. full sector star
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. full sector star

What The Brokers Say

Strong Buy 8
Buy 0
Neutral 5
Sell 0
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PHNX Dividends

  Latest Previous
  Final Interim
Ex-Div 01-Apr-21 13-Aug-20
Paid 18-May-21 04-Sep-20
Amount 24.10p 23.40p

Trades for 07-May-2021

Time Volume / Share Price
16:35 429,016 @ 735.20p
16:29 23 @ 733.40p
16:29 4 @ 733.60p
16:29 68 @ 733.60p
16:29 189 @ 733.60p

PHNX Key Personnel

Chair Nicholas Lyons
CEO Andrew Briggs