Phoenix Group in 'enviable position' after hedging costs against inflation    

clock • 2 min read
Phoenix Group in 'enviable position' after hedging costs against inflation    

Phoenix Group, the UK-based life consolidation specialist has released its half-year results, with a bumper expectation of £1.3-£1.4bn in cash generation. Phoenix recently acquired closed life insurer Sun Life of Canada's UK unit for £248m in its first-ever cash funded acquisition and highlighted it had more than £1bn to spend on similar deals.  The group reported: •    Cash generation up 9% to £950m •    Solvency II Surplus of £4.8bn and Shareholder Capital Coverage Ratio of 186% (20...

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