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PHNX Phoenix Group Holdings Plc

499.40
-1.40 (-0.28%)
Last Updated: 13:22:52
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Phoenix Group Holdings Plc LSE:PHNX London Ordinary Share GB00BGXQNP29 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.40 -0.28% 499.40 499.30 499.60 502.60 498.30 500.20 875,961 13:22:52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance -34.59B -1.83B -1.8270 -2.73 4.99B
Phoenix Group Holdings Plc is listed in the Life Insurance sector of the London Stock Exchange with ticker PHNX. The last closing price for Phoenix was 500.80p. Over the last year, Phoenix shares have traded in a share price range of 436.40p to 641.60p.

Phoenix currently has 1,001,100,000 shares in issue. The market capitalisation of Phoenix is £4.99 billion. Phoenix has a price to earnings ratio (PE ratio) of -2.73.

Phoenix Share Discussion Threads

Showing 9576 to 9597 of 9600 messages
Chat Pages: 384  383  382  381  380  379  378  377  376  375  374  373  Older
DateSubjectAuthorDiscuss
27/2/2024
06:04
Will be watching this one today and over next few days.

I can only surmise that events elsewhere (Abdn) might have some bearing on how this plays out.

Few ideas bubbling over but will solidify hopefully at 07 01 am today.



Best of luck everyone.

jubberjim
26/2/2024
16:39
Referee

Play the game moderator!

What on earth is going on ?

Mind you I know how it feels

Good luck all tomorrow

jubberjim
26/2/2024
14:12
Boonkoh, I am not sure about the impact on BPA market….the consultation may allow trustees to pay surplus to members as well as employers….the employer may want the BPA implemented so that only they can benefit from surplus.

The consultation runs until mid April, and then it will be several more months before anything emerges as an intention…and then it may need legislation….and there may be a general election and a change in government with a different view of the world (they may only permit surplus to members).

They have different views on lifetime allowance - so we will have to wait and see what transpires….

1jat
26/2/2024
14:06
502.40 - 502.60 (GBX) at 14:05:13
on Market (LSE)

neilyb675
23/2/2024
16:51
New consultation on DB Pensions and allowing access to surplus. Will be bad for buying in market. But good for current portfolio if cash can extracted and paid out as divis.
boonkoh
23/2/2024
07:50
The FY results on 22/3 will be the test for the share price direction. Waiting for this and then look to top up before ex divi. An increase in ISA limit would be useful Mr Hunt. Keep the faith and we will be rewarded GLA
tornado12
22/2/2024
09:44
And if we did hit that target it would still be lower than where it was a year ago!!

Undervalued for sure in my opinion.

Good luck all 👍🏻

tuftymatt
22/2/2024
08:32
Six pounds share price wd make a difference to me!! 😉
unastubbs
22/2/2024
08:26
In a move that should make ALL the difference, RBC dramatically raise their share price target by 10p :-)

* Phoenix PHNX.L : RBC raises target price to 600p from 590p

cwa1
21/2/2024
23:08
interesting..
lippy4
21/2/2024
20:14
Cyberbub

The BPA business requires capital to be set aside to ensure future variables (eg how long the annuitant lives) can be met within the regulatory 1 in 200 metric (solvency II requirement).
Typically the capital needed would be about 8-10%. The insurance company prices the deal to make a 12-15% return on that capital…..

The insurer can itself take out insurance (called reinsurance)….this can protect against specific risks, eg a longevity swap will protect the insurance company from payments going beyond the expected amount…..But this is not cost free some of the future profit is paid to the reinsurer…..The insurance company does not have to hold as much capital and its profit should be safer as long as the reinsurance company can meet its liabilities.

There is a further type of reinsurance called funded reinsurance where the insurance company cedes a % of the business in its entirety. If you reinsure 50% you should need half the capital, plus a bit more to manage the risk the reinsurer fails (There will be collateral arrangements to partly mitigate this risk). The PRA is consulting on strengthening the risk management around these arrangements, particularly off-shore non-EU arrangements (most are in Bahamas)

A combination of these can get you to about 2% but at these levels the insurance company is really taking a fee for administering the end clients and most of the potentially more profitable risk business is passed to the reinsurance companies.

1jat
21/2/2024
11:28
do you remember how many shares standard life was forced to sell and put the money in bonds to protect people savings and you wonder why the share market in this country is going backwards by brown..

the market recovered in a couple of years which cost the people who's pensions were in standard life a huge amount of money..

lippy4
21/2/2024
11:18
On the plus side, it cannot fall much lower...
edmundshaw
21/2/2024
09:33
Need to reverse the dividend tax that Brown brought in to lure the PF back. I hope that something happens here as the lack of interest in UK FTSE is one the main reason we continue to have lackluster share price ... But the Chancellor has been harping on about this for years with more or less zero progress... Pretty much a reflection of the Tory parties woeful performance
tornado12
21/2/2024
09:28
Could light up the UK market if somehow this trend could be reversed?"Hunt Weighs Plan to Spur Pension Pots to Invest in UK Assets""UK pension funds have been reducing their exposure to British equities over the past 25 years, withdrawing £400 billion ($505 billion) of demand over that period, according to a report last year by the New Financial think tank. Since 2000, the share of the UK stock market owned by UK pensions and insurance companies has fallen to 4% from 39%, the report said."Https://finance.yahoo.com/news/hunt-weighs-plans-spur-pension-175830119.html
spawny100
20/2/2024
12:23
Exactly so, but here's that message to them anyway :-
skinny
20/2/2024
12:11
Incredibly consistant history of down ticking here, going back many months. Can only be a bluey, so it's none of the regulars. I'm pretty sure this isn't what advfn intended the tick boxes for. Very sad individual.
petersinthemarket
20/2/2024
11:59
Kirkie can you pls explain a bit more, for those of use less familiar with the insurance industry?
cyberbub
19/2/2024
14:41
503.40 - 503.80 (GBX) at 14:39:14
on Market (LSE)

neilyb675
19/2/2024
08:59
Lippy (and jonwig) - the question is how much of that future mortality margin have they given away in reinsurance? When you see people trumpeting HARD about how capital-lite their BPA business is, at a capital cost of 5%, then you know that they're either using reinsurance very heavily to get down to that figure, or their pricing is undercutting the market. Which could indicate that old trope about the poker game, and "if you can't see the sucker at the table, then the sucker is you...."

(I hold)

kirkie001
18/2/2024
11:30
yes skinny..
lippy4
18/2/2024
10:31
i see large article in the telegraph newspaper about phoenix and its ceo talking about the future of the pension industry and people having to pay more into a pension as the state one cannot cope..
lippy4
Chat Pages: 384  383  382  381  380  379  378  377  376  375  374  373  Older

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