Phoenix Group : Good resilience to the crisis and completion of the acquisition of ReAssure
>A business model that showed good resilience to the crisis in H1 - Phoenix is due to report its H1 2020 results on Thursday 6 July before the start of trading. This will be the group’s last half-yearly earnings report before the integration of ReAssure. We expect slight growth in net cash generation of £ 292m in H1 2020 (+1.7% relative to H1 2019). Our forecast is more cautious than the consensus (£ 342m) given the current crisis context. However, we forecast cash ge...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.