 | |
 Phoenix Group's head office at 20 Old Bailey in London | |
| Company type | Public |
|---|---|
| LSE: PHNX FTSE 100 component | |
| Industry | Insurance |
| Founded | 1857 |
| Headquarters | London, England, UK |
Area served | United Kingdom, Ireland, Germany |
Key people |
|
| Revenue |  £5,139 million (2024)[1] |
 £(817) million (2024)[1] | |
| £(1,078) million (2024)[1] | |
Number of employees | 6,600 (2025)[2] |
| Website | www |
Phoenix Group Holdings plc (formerlyPearl Group plc) is a provider ofinsurance services based inLondon, England. It is listed on theLondon Stock Exchange and is a constituent of theFTSE 100 Index.
The company was founded in 1857 asThe Pearl Loan Company and operated from the Royal Oakpublic house opposite theWhitechapel Bell Foundry.[3] It changed its name toThe Pearl Assurance Company in 1914,[3] when it moved to252 High Holborn where it was based until moving its head office toPeterborough in 1989.[4]
In 1990, it was acquired by theAustralian insurance group,AMP, and in 2003, Pearl, NPI andLondon Life Association were demerged from AMP to become part ofHenderson Group.[5]
In 2005, the Pearl Group was bought from Henderson Group by Sun Capital Partners (a business in whichHugh Osmond is a leading partner)[6] andTDR Capital.[5] It acquiredResolution Life (including itsPhoenix Assurance operations) in 2008.[7] In 2009, the business was acquired by the Liberty Acquisition Holdings (International) Company (a vehicle controlled by billionaireNicolas Berggruen), which subsequently renamed itself Pearl Group.[8]
In 2010, Pearl Group rebranded as Phoenix Group Holdings.[9] In March 2014, the business sold Ignis Asset Management to Standard Life Investments, the asset management arm ofStandard Life.[10]
In 2018, Phoenix Group agreed to acquire Standard Life Assurance fromStandard Life Aberdeen for £2.9 billion. As part of the transaction Standard Life Aberdeen retained a stake in the combined group.[11]
In 2020, Phoenix completed the acquisition of fellow closed book specialistReAssure Group from Swiss Re.[12]
In 2021, it was announced that Phoenix had acquired the rights to the Standard Life brand and had undertaken additional steps to simplify the relationship with Standard Life Aberdeen that had developed since the acquisition of the Standard Life business three years previously.[13]
Phoenix Group comprises a number of regulated life companies in the UK:[14]
plus other unregulated businesses:
{{cite news}}: CS1 maint: multiple names: authors list (link)
|
