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

Phoenix group : Forte croissance des affaires nouvelles

>Génération de CF à LT des affaires nouvelles en hausse - Phoenix Group a publié hier son RN du S1 2023. Pour rappel, il n’y avait pas de consensus de RN et de RO sous IFRS 17 du fait du manque de base de comparaison avant cette publication. Le groupe a généré un cash-flow à long terme des affaires nouvelles incrémentales de 885 M£ au S1 2023 (vs 430 M£ au S1 2022) supérieur aux attentes (vs notre prévision 530 M£, vs consensus 519 M£) avec 665 M£ provenant de son act...
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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