Phoenix Group maintains its 2014 final dividend

DividendMax Ltd.

Phoenix Group maintains its 2014 final dividend

Financial Highlights

Operating companies' cash generation of £567 million (2013: £817 million), above the top end of the £500 - 550 million target range. A further £390 million was received on completion of the divestment of Ignis, resulting in full year cash generation of £957 million

Market Consistent Embedded Value ('MCEV') increased to £2,647 million as at 31 December 2014 (2013 : £2,378 million)

Delivered MCEV enhancing management actions of £261 million, a significant part of the £300 million target between 2014 - 2016

Strong Group IFRS operating profit of £483 million (2013: £439 million)

£988 million of cash at holding companies as at 31 December 2014 (2013: £995 million)

IGD surplus of £1.2 billion as at 31 December 2014 (2013: £1.2 billion)

PLHL ICA surplus of £0.7 billion as at 31 December 2014 (2013: £1.2 billion)

2014 final dividend of 26.7p per share, in line with 2013 final dividend

Companies mentioned