Phoenix Group : Operational trends remain favourable
>Update on group strategy - Phoenix yesterday held an investor day during which it provided an update on its strategy. Phoenix continues to apply a clear strategy based both on the management of life insurance portfolios in run-off (Heritage), with growth in its new business operations (Open), and with a capacity to create value through acquisitions (and the capacity to integrate them successfully). The strategic priorities are: 1/ a focus on cash flow generation, 2/ ...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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