Phoenix Group Holdings
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Phoenix Group Holdings - overview
Established
1782
Location
London, England, UK
Primary Industry
Insurance
About
Based in the UK, Phoenix Group Holdings consolidates financial expertise to provide long-term savings and retirement solutions, serving approximately 12 million customers with a comprehensive range of insurance and investment products. Phoenix Group Holdings operates in the financial services sector, focusing on life insurance and retirement savings. Founded in 1782 in London, UK, the company has undergone strategic shifts to enhance its offerings. Notably, it has attracted significant investment, including the recent LP Direct round, where it raised GBP 58.
70 mn from Kingdom Holding Company. The company has completed 10 deals to date, with its most recent transaction occurring on July 16, 2024. The leadership team includes CEO Andy Curran and key figures Bríd Meaney, Mike Woodcock, and Dipankar Mahalanobis. Phoenix Group is a prominent provider in the long-term savings and retirement sector, offering a diverse portfolio of financial products and services.
Its main offerings encompass life insurance, pensions, and investment solutions aimed at fulfilling the needs of individuals throughout various life stages. The company secures life savings and retirement plans for its approximate customer base of 12 million in the UK and beyond, with notable brands such as Standard Life, SunLife, Phoenix Life, ReAssure, and Phoenix Wealth catering to diverse demographics, including the over-50s market and retirement planners. In the most recent fiscal year of 2023, Phoenix Group reported revenue of GBP 7,249,653,962. 40 and an EBITDA of GBP 742,629,275.
10. The company earns revenue through structured financial transactions, including premiums from life insurance policies and management fees associated with pension schemes, directly from consumers. Phoenix Group Holdings is poised for future expansion, leveraging its recent funding to enhance its financial and insurance offerings. The acquisition by Affinity Equity Partners for a 4.
95% minority stake, alongside investments from Lazard Asset Management and Delek Group Ltd. , reflects a commitment to support global growth. Upcoming initiatives include the launch of new financial products aimed at broader market penetration, with a focus on international markets by mid-2025. This strategy is designed to strengthen its competitive position and adapt to evolving customer needs.
Current Investors
Centerbridge Partners, Gallatin Point Capital, Kingdom Holding Company
Primary Industry
Insurance
Sub Industries
Life Insurance
Website
www.thephoenixgroup.com
Verticals
FinTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Phoenix Group Holdings - timeline of key events
Phoenix Group Holdings - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,549,000,000 | 4,182,000,000 | 4,704,000,000 | 6,377,000,000 | 6,318,000,000 | - | - | - |
| % Revenue Growth (YoY) | - | 64.1% | 12.5% | 35.6% | (0.9%) | - | - | - |
| EBITDA (USD) | 615,000,000 | 915,000,000 | 1,991,000,000 | (2,192,000,000) | (2,082,000,000) | - | - | - |
| Operating Income (USD) | 401,000,000 | 513,000,000 | 1,504,000,000 | (2,836,000,000) | (2,610,000,000) | - | - | - |
| Operating Margin | 15.7% | 12.3% | 32.0% | (44.5%) | (41.3%) | - | - | - |
| % EBITDA Margin | 24.1% | 21.9% | 42.3% | (34.4%) | (33.0%) | - | - | - |
| NET Income (USD) | 410,000,000 | 116,000,000 | 834,000,000 | (709,000,000) | (1,762,000,000) | - | - | - |
| % Net Margin | 16.1% | 2.8% | 17.7% | (11.1%) | (27.9%) | - | - | - |
Phoenix Group Holdings - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE, Secondary Buyout | Completed | Phoenix Group Holdings | - | ||||||||
| PIPE, Secondary Buyout | Announced | Phoenix Group Holdings | - | ||||||||
| Private Placement/Follow on | Completed | Phoenix Group Holdings | - | ||||||||
| LP Direct | Completed | Phoenix Group Holdings | - | ||||||||
| LP Direct | Completed | Phoenix Group Holdings | - |
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Phoenix Group Holdings - employee data
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