Phoenix Group Holdings plc

PHNX

GB00BGXQNP29

Life & Health Insurance

Market Closed - London S.E. Other stock markets 09:05:05 28/06/2024 pm IST			5-day change	1st Jan Change
521.5 ^GBX	+0.29%		+5.27%	-2.56%

26/06	CAC 40 underperforms amid political uncertainty	AN
26/06	Phoenix Group considers sale of non-core SunLife business	AN

Phoenix Group to accept USD500 million notes tendered

June 15, 2024 at 12:20 am IST

Phoenix Group Holdings PLC - London-based life insurance provider - Further to tender offer, says will accept for purchase validly tendered notes in an aggregate amount of USD500 million. Offer relates to USD750.0 million fixed rate reset perpetual restricted tier 1 contingent convertible notes.

Current stock price: 480.60 pence

12-month change: down 12%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Phoenix Group Holdings plc

CAC 40 underperforms amid political uncertainty	26/06	AN
Phoenix Group considers sale of non-core SunLife business	26/06	AN
FTSE 100 in green amid political uncertainty	26/06	AN
Phoenix Group Board Considers Selling SunLife Following Review	26/06	MT
Phoenix Group considers sale of non-core SunLife business	26/06	AN
Phoenix puts SunLife up for sale; AO World profit up	26/06	AN
Phoenix Group to Explore the Sale of Sunlife	26/06	CI
Phoenix Group completes half of deleveraging programme	20/06	AN
Phoenix Group Concludes First Phase of Deleveraging Plan	20/06	MT
Phoenix Group Holdings plc Provides Update on Debt Redemption and Refinancing Exercise	20/06	CI
Phoenix Group to accept USD500 million notes tendered	15/06	AN
Phoenix Group to Buy Back $500 Million of Tier 1 Convertible Notes	14/06	MT
JPMorgan Reduces Phoenix Group PT, Keeps at Underweight	10/06	MT
JPMorgan cuts Aviva but lifts M&G	10/06	AN
Phoenix Group Prices, Sets Maximum Acceptance Amount for Note Offerings	06/06	MT
Phoenix Group Holdings plc announced that it expects to receive $500 million in funding	06/06	CI
Phoenix Group Launches Tender Offer for Outstanding Notes, Plans New Notes Issue	05/06	MT
Sunak's summer election brings hope to Britain's bruised financial sector	25/05	RE
Sunak's summer election brings hope to Britain's bruised financial sector	24/05	RE
Phoenix Group Addresses Share Price Decline	23/05	MT
Tritax Big Box REIT PLC completed the acquisition of UK Commercial Property REIT Limited from Phoenix Group Holdings plc, Investec Wealth & Investment Limited and others.	16/05	CI
Phoenix Group Holdings plc Approves Final Dividend	14/05	CI
Emirati Stocks Close Tuesday in Red Amid Earnings Barrage	14/05	MT
Phoenix Group Resumes Trading on Abu Dhabi Bourse	14/05	MT
Phoenix Group's Q1 Profit Soars; Revenue Down	14/05	MT

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Company Profile

Phoenix Group Holdings plc is a United Kingdom-based long-term savings and retirement businesses company. The Company offers a range of savings and retirement income products to support people across all stages of the savings life cycle. Its segments include Retirement Solutions, Pensions & Savings, With-Profits, and Europe & Other. The Retirement Solutions segment includes new, and in-force individual annuity and bulk purchase annuity contracts. The Retirement Solutions segment also includes United Kingdom individual annuity business. The Pensions & Savings segment includes new and in-force life insurance and investment unit-linked policies. The With-Profits segment includes all policies written by the Companyâs with-profit funds, with the exception of Standard Life Heritage With-Profit Fund contracts. The Europe & Other segment includes business written in Ireland and Germany. It also includes protection products and products sold under the SunLife brand.

Sector

Life & Health Insurance

Calendar

07/08/2024 - Q2 2024 Earnings Release (Projected)

Related indices

STOXX EUROPE 600 (EUR) , FTSE 100

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Ratings for Phoenix Group Holdings plc

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

5.215 GBP

Average target price

6.017 GBP

Spread / Average Target

+15.38%

Consensus

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Sector Other Life & Health Insurance

	1st Jan change	Capi.
PHOENIX GROUP HOLDINGS PLC	-2.56%	656.84Cr
AXA	+3.66%	7.16TCr
AFLAC INCORPORATED	+8.25%	5.07TCr
METLIFE, INC.	+6.14%	5.04TCr
MANULIFE FINANCIAL CORPORATION	+24.42%	4.74TCr
PRUDENTIAL FINANCIAL, INC.	+13.00%	4.21TCr
GENERALI	+21.91%	3.85TCr
CHINA PACIFIC INSURANCE (GROUP) CO., LTD.	+17.16%	3.33TCr
SUN LIFE FINANCIAL INC.	-2.39%	2.84TCr
GREAT-WEST LIFECO INC.	-9.01%	2.7TCr

Other Life & Health Insurance

Phoenix Group Holdings plc

Equities

PHNX

GB00BGXQNP29

Life & Health Insurance

Phoenix Group to accept USD500 million notes tendered

EPS Revisions