Phoenix Group Holdings on track to meet financial targets

Phoenix Group Holdings said it achieved strong cash generation in the first quarter and remains on track to meet its financial targets.

Phoenix Group Holdings said it achieved strong cash generation in the first quarter and remains on track to meet its financial targets.

The company reported £410m of cash for the first three months of the year, driven largely by free surplus within its Life division which benefitted from significant management actions last year including an annuity transfer transaction.

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