Phoenix maintains its 2015 final dividend

DividendMax Ltd.

Phoenix maintains its 2015 final dividend

Financial Highlights

Operating companies' cash generation of £225 million (2014: £567 million), meeting the £200 - 250 million target range

Delivered MCEV enhancing management actions of £205 million in 2015 and achieved the £400 million target between 2014 - 2016 a year ahead of schedule

Market Consistent Embedded Value ('MCEV') of £2.5 billion as at 31 December 2015 (2014: £2.6 billion)

Group IFRS operating profit of £324 million (2014: £483 million)

Financial Leverage of 37.8% as at 31 December 2015 (2014: 39.3%), reflecting bank debt repayments of £190 million in 2015

2015 final dividend of 26.7p per share, in line with 2014 final dividend

Companies mentioned