Group MCEV - £2.2 billion
Group IFRS operating profit - £186 million H1 2013
IGD surplus (estimated) - £1.1 billion and IGD headroom of £0.4 billion
Gearing ratio - new methodology - 48%
Around 6 million customers
Around 1200 staff
Member of FTSE 250 index
Listed on the London Stock Exchange
One of ‘Britain’s Top Employers’ – certified by the CRF Institute
Group assets under management - £67.1 billion
Operating Companies cash generation - £416 million in H1 2013
Ignis Asset Management IFRS operating profit - £19 million in H1 2013
PLHL ICA surplus (estimated) - £1.0 billion
£67.1 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 30 June 2013.