Phoenix Group Holdings PLC
Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. It operates through Retirement Solutions, Pensions & Savings, With-Profits, SunLife & Protection, and Europe & Other segments. The company offers saving for retirement solutions that include defined contribution workplace pensions, retail savings for retirement, and legacy pensions and savings products… Read more
Phoenix Group Holdings PLC (PNXGF) - Net Assets
Latest net assets as of June 2025: $1.79 Billion USD
Based on the latest financial reports, Phoenix Group Holdings PLC (PNXGF) has net assets worth $1.79 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($309.97 Billion) and total liabilities ($308.18 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.79 Billion |
| % of Total Assets | 0.58% |
| Annual Growth Rate | 0.32% |
| 5-Year Change | -71.47% |
| 10-Year Change | -25.23% |
| Growth Volatility | 29.79 |
Phoenix Group Holdings PLC - Net Assets Trend (2009–2024)
This chart illustrates how Phoenix Group Holdings PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Phoenix Group Holdings PLC (2009–2024)
The table below shows the annual net assets of Phoenix Group Holdings PLC from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.25 Billion | -36.54% |
| 2023-12-31 | $3.54 Billion | -31.77% |
| 2022-12-31 | $5.19 Billion | -23.37% |
| 2021-12-31 | $6.77 Billion | -14.01% |
| 2020-12-31 | $7.87 Billion | +40.75% |
| 2019-12-31 | $5.59 Billion | -5.98% |
| 2018-12-31 | $5.95 Billion | +88.56% |
| 2017-12-31 | $3.15 Billion | -5.34% |
| 2016-12-31 | $3.33 Billion | +10.95% |
| 2015-12-31 | $3.00 Billion | -8.36% |
| 2014-12-31 | $3.28 Billion | +21.99% |
| 2013-12-31 | $2.69 Billion | +12.80% |
| 2012-12-31 | $2.38 Billion | +0.68% |
| 2011-12-31 | $2.37 Billion | +2.87% |
| 2010-12-31 | $2.30 Billion | +7.48% |
| 2009-12-31 | $2.14 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Phoenix Group Holdings PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1036.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $375.00 Million | 21.97% |
| Common Stock | $100.00 Million | 5.86% |
| Other Components | $1.23 Billion | 72.17% |
| Total Equity | $1.71 Billion | 100.00% |
Phoenix Group Holdings PLC Competitors by Market Cap
The table below lists competitors of Phoenix Group Holdings PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MILLICOM INTL CELL. DL15
F:M4M1
|
$6.33 Billion |
|
Voya Financial Inc
NYSE:VOYA
|
$6.33 Billion |
|
The People's Insurance Company (Group) of China Limited
PINK:PINXF
|
$6.33 Billion |
|
Federal Signal Corporation
NYSE:FSS
|
$6.34 Billion |
|
Ormat Technologies Inc
NYSE:ORA
|
$6.33 Billion |
|
Viavi Solutions Inc
NASDAQ:VIAV
|
$6.32 Billion |
|
Maplebear Inc.
NASDAQ:CART
|
$6.32 Billion |
|
SHIZUOKA FIN. GROUP INC.
F:P2U
|
$6.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Phoenix Group Holdings PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,990,000,000 to 1,707,000,000, a change of -1,283,000,000 (-42.9%).
- Net loss of 1,090,000,000 reduced equity.
- Dividend payments of 533,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,405,000,000.
- Other factors increased equity by 2,745,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.09 Billion | -63.85% |
| Dividends Paid | $533.00 Million | -31.22% |
| Other Comprehensive Income | $-2.40 Billion | -140.89% |
| Other Changes | $2.75 Billion | +160.81% |
| Total Change | $- | -42.91% |
Book Value vs Market Value Analysis
This analysis compares Phoenix Group Holdings PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.39x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.20x to 4.39x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $6.19 | $7.45 | x |
| 2009-12-31 | $9.93 | $7.45 | x |
| 2010-12-31 | $7.91 | $7.45 | x |
| 2011-12-31 | $7.20 | $7.45 | x |
| 2012-12-31 | $7.15 | $7.45 | x |
| 2013-12-31 | $6.89 | $7.45 | x |
| 2014-12-31 | $8.04 | $7.45 | x |
| 2015-12-31 | $8.26 | $7.45 | x |
| 2016-12-31 | $10.16 | $7.45 | x |
| 2017-12-31 | $7.24 | $7.45 | x |
| 2018-12-31 | $10.26 | $7.45 | x |
| 2019-12-31 | $7.31 | $7.45 | x |
| 2020-12-31 | $8.90 | $7.45 | x |
| 2021-12-31 | $6.32 | $7.45 | x |
| 2022-12-31 | $3.71 | $7.45 | x |
| 2023-12-31 | $2.98 | $7.45 | x |
| 2024-12-31 | $1.70 | $7.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Phoenix Group Holdings PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -63.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.55%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 180.35x
- Recent ROE (-63.85%) is below the historical average (-4.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 5.41% | 93.94% | 0.06x | 1.03x | $-26.30 Million |
| 2009 | 6.73% | 5.54% | 0.02x | 54.49x | $-46.20 Million |
| 2010 | 1.90% | 0.40% | 0.09x | 52.89x | $-128.00 Million |
| 2011 | -7.93% | -2.02% | 0.07x | 54.18x | $-296.20 Million |
| 2012 | 24.55% | 35.12% | 0.01x | 51.93x | $241.20 Million |
| 2013 | 7.60% | 3.48% | 0.06x | 38.80x | $-45.90 Million |
| 2014 | 13.11% | 5.99% | 0.08x | 29.09x | $73.50 Million |
| 2015 | 8.26% | 38.29% | 0.01x | 26.51x | $-42.40 Million |
| 2016 | -3.03% | -1.39% | 0.08x | 25.80x | $-434.30 Million |
| 2017 | -0.86% | -0.46% | 0.07x | 26.45x | $-342.50 Million |
| 2018 | 6.70% | 0.00% | -0.03x | 40.67x | $-186.50 Million |
| 2019 | 1.61% | 0.30% | 0.12x | 45.97x | $-442.90 Million |
| 2020 | 10.60% | 3.66% | 0.07x | 44.39x | $44.90 Million |
| 2021 | -13.27% | -3.60% | 0.07x | 52.91x | $-1.47 Billion |
| 2022 | -73.52% | 0.00% | -0.03x | 76.97x | $-3.09 Billion |
| 2023 | -3.88% | -0.75% | 0.05x | 100.10x | $-415.00 Million |
| 2024 | -63.85% | -7.55% | 0.05x | 180.35x | $-1.26 Billion |
Industry Comparison
This section compares Phoenix Group Holdings PLC's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $38,213,058,191
- Average return on equity (ROE) among peers: 29.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Phoenix Group Holdings PLC (PNXGF) | $1.79 Billion | 5.41% | 171.97x | $6.33 Billion |
| AIA Group Ltd (AAIGF) | $145.77 Billion | 1.94% | 0.01x | $75.83 Billion |
| Atlantic American Corporation (AAME) | $78.54 Million | -15.55% | 4.39x | $10.88 Million |
| Abacus Life Inc. (ABL) | $766.89K | 130.06% | 1.40x | $276.35 Million |
| Abacus Global Management, Inc. (ABX) | $28.15 Million | 112.55% | 1.10x | $92.22K |
| Aflac Incorporated (AFL) | $6.64 Billion | 18.89% | 10.95x | $56.14 Billion |
| Anadolu Hayat Emeklilik Anonim Sirketi (AUHYF) | $1.29 Billion | 28.05% | 20.11x | $90.55 Million |
| Brighthouse Financial Inc (BHF) | $5.02 Billion | 7.72% | 46.48x | $3.38 Billion |
| Challenger Limited (CFIGF) | $1.80 Billion | 14.53% | 8.91x | $1.66 Billion |
| Citizens Inc (CIA) | $259.84 Million | -0.53% | 5.72x | $217.90 Million |
| China Life Insurance Co Ltd (CILJF) | $221.24 Billion | -2.13% | 0.03x | $16.34 Billion |