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Phoenix Group Holdings (DI)

Current Price 481.20p Bid 481.00p Ask 481.40p Change -0.21%
Last Updated: 15/06/2024 23:51. Prices delayed by at least 15 minutes.
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Company Overview

The purpose of FTSE250 Phoenix Group is to decommission closed life funds 'safely, innovatively and profitably' - improving returns for customers and delivering value for its shareholders. A fund is defined as 'closed' if no new policies are being sold. The group has £68.5bn of assets under management and serves more that six million policy holders. It has two core segments: life assurance (Phoenix Life) and asset management (Ignis Asset Management), which together employ around 1,200 people across the UK and Channel Islands.

Financial Highlights Year Ended 31/12/2023

Revenue
£4,861.00m
Operating Profit/Loss
£278.00m
Dividend yield (%)
9.90
Total dividend for year
n/ap
Dividend cover
0.62
P/E Ratio
16.30

Key Personnel

Mr Nicholas Lyons
Chairman
Mr Andrew Briggs
Chief Executive Officer
Mr Rakesh Thakrar
Group Finance Director
Mr Eleanor Bucks
Independent Non-Executive Director
Mr Mark Gregory
Independent Non-Executive Director
Ms Katie Murray
Independent Non-Executive Director
Ms Maggie Semple
Independent Non-Executive Director
Mr David Scott
Non-Executive Director
Mr Hiroyuki Iioka
Non-Executive Director
Mr John Pollock
Non-Executive Director
Mr Karen Green
Non-Executive Director
Mr Nicholas Shott
Non-Executive Director
Ms Belinda Richards
Non-Executive Director

Stock Details

EPIC
PHNXL
ISIN
KYG7091M1096
Shares in Issue
225.42m
Market cap
£1,084.72m

Analyst Views (2)

Strong Buy
 
0%
Buy
 
50.00%
Hold
 
0%
Sell
 
50.00%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
481.20p
Bid Price
481.00p
Ask Price
481.40p
Volume
344,299
Change Today
-1.00p
% Change Today
-0.21%
Open
482.00p
Previous Close
481.20p
Intraday High
485.80p
Intraday Low
477.80p
52 Week High
560.40p
52 Week Low
442.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Income Statement

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Continuing Operations
Revenue
4,861.00
5,142.00
Operating Profit/Loss
278.00
-3,859.00
Net Interest
n/a
n/a
Pre-Tax Profit
20.00
-4,089.00
Profit After Tax from continuing operations
-88.00
-2,657.00
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
-88.00
-2,657.00
Attributable to:
Equity Holders of Parent Company
-116.00
-2,724.00
Minority Interests
28.00
67.00
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Dec 2023
31 Dec 2022
Basic
-13.80p
-274.90p
Diluted
-13.80p
-274.90p
Adjusted
32.70p
24.70p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
106.00
125.00
Intangible Assets
2,028.00
2,299.00
Investment Properties
3,698.00
3,727.00
Investments
n/a
n/a
Other Financial Assets
272,946.00
248,972.00
Other Non-Current Assets
n/a
n/a
Current Assets
Inventories
n/a
n/a
Trade & Other Receivables
3,519.00
5,377.00
Cash at Bank & In Hand
7,168.00
8,839.00
Current Asset Investments
n/a
n/a
Other Current Assets
n/a
n/a
Other Assets
4,967.00
7,582.00
Total Assets
299,308.00
281,040.00

Liabilities

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Current Liabilities
Borrowings
n/a
n/a
Other Current Liabilities
n/a
n/a
Total Current Liabilities
n/a
n/a
Non-Current Liabilities
Borrowings
3,892.00
4,072.00
Provisions
486.00
493.00
Other Non-Current Liabilities
n/a
n/a
Total Non-Current Liabilities
4,378.00
4,565.00
Other Liabilities
175,503.00
164,623.00
Total Liabilities
295,769.00
276,803.00

Net Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Net Assets
3,539.00
4,237.00

Capital & Reserves

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Share Capital
100.00
100.00
Share Premium Account
16.00
10.00
Other Reserves
1,911.00
1,939.00
Retained Earnings
469.00
1,162.00
Shareholders Funds
2,496.00
3,211.00
Minority Interests/Other Equity
1,043.00
1,026.00
Total Equity
3,539.00
4,237.00

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Final
11 Apr 2024
22 May 2024
26.65p
Interim
28 Sep 2023
23 Oct 2023
26.00p
Final
30 Mar 2023
10 May 2023
26.00p
Interim
25 Aug 2022
12 Sep 2022
24.80p
Final
31 Mar 2022
09 May 2022
24.80p
Interim
19 Aug 2021
03 Sep 2021
24.10p
Final
01 Apr 2021
18 May 2021
24.10p
Interim
13 Aug 2020
04 Sep 2020
23.40p
Final
02 Apr 2020
19 May 2020
23.40p
Interim
15 Aug 2019
30 Sep 2019
23.40p
Final
21 Mar 2019
07 May 2019
23.40p
Interim
06 Sep 2018
01 Oct 2018
22.60p
Final
22 Mar 2018
04 May 2018
25.10p
Interim
07 Sep 2017
02 Oct 2017
25.10p
Final
30 Mar 2017
15 May 2017
23.90p
Interim
08 Sep 2016
03 Oct 2016
26.70p
Final
07 Apr 2016
13 May 2016
26.70p
Interim
27 Aug 2015
01 Oct 2015
26.70p

Dividend Metrics

Year End Date
31 Dec 2023
31 Dec 2022
Dividend growth
3.64%
3.89%
Dividend yield
9.90%
8.30%
Dividend cover
0.62
0.49


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