Phoenix Group : Anticipated increase in the generation of cash flow on new business
>A year characterised by robust organic growth - Yesterday, Phoenix Group held an investors’ day dedicated to presenting the group’s potential for organic growth on its new businesses. The group is continuing its development both organically and via M&A. As a reminder, in order to offset the decline on its heritage portfolio in run-off, the group will need to generate at least £ 800m in long-term cash flow per annum on its new business. The group indicated yesterday ...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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