Phoenix 'on track' for strong year-end result

This comes despite a £454m pre-tax loss for the six months to 20 June

Hope William-Smith
clock • 2 min read
Phoenix Group group chief executive officer Andy Briggs
Image:

Phoenix Group group chief executive officer Andy Briggs

Phoenix Group has reported £872m of cash generation for the first half of 2021, placing it on track to meet its full-year target despite pre-tax losses of £454m.

The provider's H1 2021 results, published today (11 August), show a group operating profit of £527m, up from £361m for the first half of 2020. Assets under administration sat at £304bn on 30 June 2021,...

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