Analyst consensus estimates

Phoenix Group has compiled consensus metrics for the full year 2023 results, released on 22 March 2024. These consensus estimates comprise 13 of our 15 covering analysts.

Metric	Consensus estimate	Minimum estimate	Maximum estimate
Cash
Total cash generation	£1,811 million	£1,782 million	£1,926 million
New business cash generation
Total incremental new business long-term cash generation	£1,508 million	£1,409 million	£1,535 million
Group solvency
Solvency II surplus	£3.8 billion	£3.8 billion	£3.8 billion
Shareholder Capital Coverage Ratio	178%	170%	181%
Group IFRS
Total adjusted operating profit before tax	£599m	£578m	£625m
Dividend per share
2023 Final Dividend per share	26.8 pence	26.5 pence	27.3 pence