Group MCEV - £2,378 million
Group IFRS operating profit - £439 million
IGD surplus (estimated) - £1.2 billion and IGD headroom of £0.4 billion
Gearing ratio - new methodology - 44%
Over 5 million policyholders
Member of FTSE 250 index
Listed on the London Stock Exchange
One of ‘Britain’s Top Employers’ – certified by the CRF Institute
Operating Companies cash generation - £817 million
PLHL ICA surplus (estimated) - £1.2 billion
£57 BILLION1 ASSETS HELD BY THE GROUP'S LIFE COMPANIES, INCLUDING STOCK LENDING COLLATERAL.
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.
1 As at 30 June 2014.