Company
Phoenix Group Holdings plc
Headquarters: London, United Kingdom
Founded: 1857
Employees: 7,653
CEO: Mr. Andrew David Briggs FIA, M.B.E.
Market Cap
£5.36 Billion
GBP as of Jan. 1, 2024
US$6.82 Billion
Phoenix Group Holdings plc Categories
United Kingdom Financials Insurance—LifeUnited Kingdom Financials United Kingdom Insurance—Life
Company Description
The Phoenix Group is an insurance company, primarily operating in life insurance. Providing life insurance products through its main subsidiary Phoenix Life, Phoenix Group also operates through four other subsidiaries, Phoenix Ireland, SunLife, Standard Life, and Pheonix Wealth which is involved in wealth management.
Top Competitors by Market Capitalization
Industry: Insurance—Life
| Company | Market Cap (USD) |
|---|---|
| AIA Group | $94.91 B |
| Ping An Insurance | $92.95 B |
| China Life | $92.27 B |
| MetLife, Inc. | $49.96 B |
| Aflac Incorporated | $48.09 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
Phoenix Group Holdings plc engages in the long-term savings and retirement busines in Europe. The company operates through UK Heritage, UK Open, Europe, ReAssure, and Management Services segments. It engages in the management of insurance policies, which include active and closed life insurance products. The company also provides workplace pensions, and customer savings and investments products under the Standard Life brand. Its retirement solutions business includes vesting annuities and bulk purchase annuity business, where it acquires annuities and deliver the financial stability for secure pensions. The company also offers a range of financial products for the over 50s market under the SunLife brand, which cover life cover, equity release, funeral plans, and home insurance. Phoenix Group Holdings plc has a strategic partnership with Standard Life Aberdeen plc. The company was formerly known as Pearl Group and changed its name to Phoenix Group Holdings plc in March 2010. Phoenix Group Holdings plc was founded in 1782 and is based in London, the United Kingdom.
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Stocks & Indices
Phoenix Group Holdings plc has the following listings and related stock indices.
Stock: LSE: PHNX wb_incandescent
Stock: FSX: 1BF wb_incandescent
Stock: OTC: PNXGF wb_incandescent
Key People
Nicholas Lyons (chairperson) Andy Briggs (CEO)
Financials
Revenue: £6,377 million (2021)
Operating income: £(188) million (2021)
Net income: £(709) million (2021)