Report
Benoit Valleaux

Phoenix group : Bonne résistance à la crise et finalisation de l’acquisition de ReAssure

>Un business model qui a bien résisté à la crise au S1 - Phoenix publiera son RN du S1 2020 jeudi 6 août avant Bourse. Pour rappel, il s’agira du dernier résultat semestriel du groupe avant l’intégration de ReAssure. Nous prévoyons une légère progression (+1.7% par rapport au S1 2019) de génération de cash-flow de 292 M£ au S1 2020. Notre prévision est plus prudente que le consensus (342 M£) compte tenu du contexte de crise actuelle. Pour autant, nous prévoyons une gé...
Underlying
Phoenix Group Holdings plc

Phoenix Group Holdings is a closed life and pension fund consolidator. Co. manages manage life insurance funds which no longer actively sell new life or pension policies and which run-off gradually over time. Co. has one reportable segment, comprising its investment in and loans to/from Co.'s entities. Its revenue principally comprises the dividend and interest income derived from these investments and loans. As of Dec 31 2014, Co. had approximately 5.0 million policyholders and about £52.30 billion of total life company assets.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Benoit Valleaux

Other Reports on these Companies
Other Reports from Oddo BHF
Ghada Ben Sedrine ... (+2)
  • Ghada Ben Sedrine
  • Nicolas David
Benoit Valleaux ... (+5)
  • Benoit Valleaux
  • Roland Pfaender
  • MBA
  • CFA
  • CCRA
Ghada Ben Sedrine ... (+2)
  • Ghada Ben Sedrine
  • Nicolas David

ResearchPool Subscriptions

Get the most out of your insights

Get in touch