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Phoenix Group has compiled consensus metrics for the half year 2025 results, to be released on 8 September 2025. These consensus estimates comprise 13 of our 15 covering analysts.

Metric

Consensus estimate

Minimum estimate

Maximum estimate

Cash

Total cash generation

£806 million

£729 million

£900 million

Operating Cash Generation

£690 million

£645 million

£749 million

Capital

Solvency II surplus

£3.4 billion

£3.2 billion

£3.5 billion

Shareholder Capital Coverage Ratio

169%

165%

175%

Earnings

Total adjusted operating profit before tax

£436 million

£400 million

£458 million

Dividend per share

2025 Interim Dividend per share

27.35 pence

27.35 pence

27.35 pence