Below are the financial statements of Phoenix Group Holdings, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of GBP | 2024 | 2023 |
|---|---|---|
| Insurance revenue | 5,139a | 4,861a |
| Insurance service expenses | -4,493a | -4,335a |
| Insurance service result before reinsurance contracts | 646a | 526a |
| Net expenses from reinsurance contracts | -245a | -180a |
| Insurance service result | 401a | 346a |
| Fees and commissions | 1,027a | 967a |
| Net investment income | 18,852a | 20,838a |
| Other operating income | 89a | 86a |
| Gain on acquisition | 0a | 66a |
| Total income | 20,369a | 22,303a |
| Net finance expense from insurance contracts | -3,656a | -7,058a |
| Net finance (expense)/income from reinsurance contracts | -109a | 179a |
| Net insurance finance expense | -3,765a | -6,879a |
| Change in investment contract liabilities | -15,719a | -13,605a |
| Change in reinsurers’ share of investment contract liabilities | 681a | 873a |
| Amortisation and impairment of acquired in-force business | -266a | -318a |
| Amortisation of other intangibles | -7a | -6a |
| Administrative expenses | -1,825a | -1,662a |
| Net expense attributable to unit holders | -285a | -186a |
| (Loss)/profit before finance costs and tax | -817a | 520a |
| Finance costs | -290a | -258a |
| (Loss)/profit for the year before tax | -1,107a | 262a |
| Tax charge attributable to policyholders’ returns | -347a | -184a |
| (Loss)/profit before the tax attributable to owners | -1,454a | 78a |
| Tax credit/(charge) | 29a | -178a |
| Add: tax attributable to policyholders’ returns | 347a | 184a |
| Tax credit attributable to owners | 376a | 6a |
| (Loss)/profit for the year attributable to owners | -1,078a | 84a |
| Attributable to | — | — |
| Owners of the parent | -1,090a | 56a |
| Non-controlling interests | 12a | 28a |
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