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The owner of Standard Life pumped €57m into its Irish unit last year in order to shore up its capital position as yields fell, it said in its full-year results issued yesterday.
THE pensions giant that is buying the Standard Life brand has underlined its belief in the name’s value amid expectations the market will grow…
Phoenix is on the hunt for acquisitions and could spend £1.5 billion on a deal to expand its “zombie” life insurance business.The company, which buys up life insurance and pension policies, has grown
Phoenix Group completed £2.5bn of buy-ins and buyouts over the course of 2020, including a bulk annuity deal with one of its own schemes.
8 March 2021 | 07:28am StockMarketWire.com - Insurance company Phoenix posted a large rise in annual profit after higher premium revenue and lower expenses helped offset fall in investment income. Pre-tax profit for the year through December jumped to £1.27 billion, up from £351 million year-on-year. Gross written premium climbed 17% to £4.71 billion and was boosted by the acquisition of ReAssure Phoenix generated cash of £1.7 billion, above the upper end of its £1.5 billion-to-£1.6 billion target range. The company declared a 3% rise in its final dividend to 24.1p per share, bringing t...