Report
Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

Phoenix group : Croissance attendue de la génération de cash-flow des affaires nouvelles

>Une année caractérisée par une forte croissance organique - Phoenix Group a tenu hier une journée investisseurs consacrée à présenter le potentiel de croissance organique du groupe sur ses affaires nouvelles. Ce dernier poursuit son développement à la fois de manière organique et via des fusions et acquisitions (M&A). Pour rappel, afin de compenser la baisse du portefeuille géré en run-off (Heritage), le groupe doit générer un niveau de CF à long terme d’au moins 80...
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

Roland Pfaender,MBA,CFA,CCRA

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