Phoenix Group Holdings PLC 2012 AR2
The report highlights Phoenix Group's strong financial performance in 2012, achieving £690 million in cash generation from its operating companies. The Group made significant progress in simplifying its structure, reducing its UK life companies from seven to three, and agreed to transfer approximately £5 billion of annuity liabilities to Guardian Assurance. Additionally, Phoenix Group announced a comprehensive £250 million equity raising and debt refinancing package to strengthen its balance sheet. On the corporate responsibility front, the Group was recognized as one of 'Britain's Top Employers 2012' and achieved an employee engagement index of 73%.
Company: Phoenix Group Holdings PLC
Sector: Finance & insurance
Country: United Kingdom
Year: 2012
Type: AR2
Pages: 212
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Phoenix Group Holdings PLC
Annual Report And Accounts
The report highlights Phoenix Group's strong financial performance in 2012, achieving £690 million in cash generation from its operating companies. The Group made significant progress in simplifying its structure, reducing its UK life companies from seven to three, and agreed to transfer approximately £5 billion of annuity liabilities to Guardian Assurance. Additionally, Phoenix Group announced a comprehensive £250 million equity raising and debt refinancing package to strengthen its balance sheet. On the corporate responsibility front, the Group was recognized as one of 'Britain's Top Employers 2012' and achieved an employee engagement index of 73%.
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Document Details
Report Year
2012
Reporting Period
Jan 1, 2012 - Dec 31, 2012
Fiscal Year
2012
Published
Mar 21, 2013
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees