Phoenix Group : Good resilience from the group in the face of the crisis
>The business model should prove very resilient in 2021 - Phoenix is due to report its 2020 net income on 8 March. Bear in mind that: 1/ the results will factor in for the first time ReAssure, an acquisition made in July 2020, as of H2 2020; 2/ Phoenix already provided an update on its activity at its Investor’s Day on 3 December. The group therefore already communicated on its cash flow generation (dividends received from subsidiaries) of £ 1,713m for FY 2020 above ...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.
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.
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