Phoenix Group exceeds cash generation target for 2024

Phoenix Group Holdings reported strong financial results for 2024 during its earnings call on March 17, 2025. The company achieved its 2026 cash generation target of £1.4 billion two years ahead of schedule, totaling £1.8 billion. New Group CFO Nic Nicandrou, who joined in December, presented the financial performance alongside CEO Andrew Briggs. The company also upgraded several targets from its three-year strategy announced last March. Briggs highlighted the progress made in the first year of the strategy and outlined priorities for 2025 and 2026. The focus remains on enhancing cash, capital, and earnings.