Phoenix Group Holdings PLC

Latest Results (18.11.2025):

Phoenix Group Holdings PLC reported its strong first half (H1 2025) financial results, showcasing robust operating performance with significant increases in key metrics. The company recorded a 9% rise in operating cash generation to £705m and a 25% jump in IFRS adjusted operating profit to £451m compared to H1 2024, while also boosting its Shareholder Capital Coverage Ratio from 172% to 175%. These results, alongside a steady progress toward the 2026 targets, underscore the company’s strategic push in optimizing its balance sheet, enhancing its core business areas like Pensions and Savings and Retirement Solutions, and preparing for its future rebranding as Standard Life plc in March 2026.

Robust Operating Performance

In H1 2025, Phoenix Group Holdings PLC achieved a 9% increase in operating cash generation to £705m and a 25% rise in IFRS adjusted operating profit to £451m, reflecting strong momentum in core business activities.

Enhanced Financial Ratios

The Shareholder Capital Coverage Ratio improved to 175% (up 3 percentage points from FY 2024’s 172%), highlighting better leverage and solvency, which supports the company’s strategic objectives.

Interim Dividend and Shareholder Returns

The company declared an interim dividend of 27.35 pence per share for 2025, demonstrating its commitment to generating value for shareholders.

Strategic Progress and Rebranding

Alongside financial improvements, Phoenix Group Holdings PLC is progressing well against its strategic priorities with focused enhancements in Pensions and Savings, Retirement Solutions, and operational transformations, while also preparing to rebrand as Standard Life plc in March 2026.