Around 6 million customers
Around 1400 staff
Member of FTSE 250 index
Listed on the London Stock Exchange
Group assets under management - £72.1 billion
Operating companies’ cash generation – £810 million
Group MCEV – £2,118 million
Group IFRS operating profit – £387 million
Asset Management IFRS operating profit – £46 million
IGD capital surplus (estimated) – £1.3 billion
Gearing ratio 46%
£72.1 BILLION1 ASSETS UNDER MANAGEMENT SERVING OVER
6 MILLION1 POLICYHOLDERS.
Our business manages closed life funds in an efficient and secure manner, protecting and enhancing policyholders' interests whilst maximising value for the Group's shareholders.
As a closed life fund consolidator Phoenix Life focuses on the efficient run-off of existing policies, maximising economies of scale and generating capital efficiencies through operational improvements. Ignis Asset Management focuses on delivering strong investment performance and high quality service to its clients.
The Group's strength derives from the combination and leverage of both the Phoenix Life and Ignis Asset Management businesses.
1 As at 31 December 2011.