Phoenix solvency ratio rises to 189% as BPA capital strain falls
By IAN Editorial Desk
13 March 2023·Updated 26 September 2026·2 min read
Primary source: library.standardlife.co.uk
Phoenix Group's Solvency II Shareholder Capital Coverage Ratio rose to 189%, as BPA capital strain fell to 5.8%.
Phoenix Group Holdings plc announced its full-year 2022 results on 13 March 2023, headlined by a 5% increase in the dividend. The Solvency II Shareholder Capital Coverage Ratio rose to 189%, up from 180% at the end of 2021, above the group's 140-180% target range and giving what Phoenix called significant capacity to invest in growth.
The Solvency II Surplus…
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