Insurer Phoenix exceeds full-year cash generation target
03/12/2020 07:22
Dec 3 (Reuters) - Insurer Phoenix Group PHNX.L reported a
full-year cash generation of 1.7 billion pounds ($2.28 billion)
on Thursday, exceeding the top end of its target range and more
than doubling from last year.
The life insurer's reported cash generation compares with
707 million pounds it reported in 2019 and a target range of
1.5-1.6 billion pounds.
($1 = 0.7461 pounds)
(Reporting by Pushkala Aripaka and Muvija M. in Bengaluru;
Editing by Rashmi Aich)
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