Phoenix Group : Phoenix Group set to report solid 2022 results
>Significant cash flow generation in 2022 - Phoenix Group is due to report its 2022 results on 13 March. We forecast cash flow generation of £ 1.418bn in 2022, which is down on the very high level in 2021 (£ 1.717bn). Our forecast is slightly below the consensus (£ 1.448bn). Note that the group confirmed on 6 December, at its investor day, that it sees cash flow generation at the top of its range for 2022 (£ 1.3-1.4bn), bearing in mind that it had already generated £ ...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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