PHOENIX LIFE LIMITED
Get an alert when PHOENIX LIFE LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
—
Latest balance sheet
Net assets
£965M
-44.6% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
£425M
+34.5% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Profit before tax
3-year trend · vs Financials median
PHOENIX LIFE LIMITED·Financials median
PHOENIX LIFE LIMITED·Financials median
PHOENIX LIFE LIMITED·Financials median
PHOENIX LIFE LIMITED·Financials median
PHOENIX LIFE LIMITED·Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Gross written premiums | — | £7,337,000,000 | £6,628,000,000 | -9.7% | |
| Net earned premiums | — | £5,364,000,000 | £4,079,000,000 | -24% | |
| Claims incurred | — | £5,931,000,000 | £5,585,000,000 | -5.8% | |
| Investment return | — | £12,662,000,000 | £21,262,000,000 | +67.9% | |
| Profit before tax | £315,000,000 | £316,000,000 | £425,000,000 | +34.5% | |
| Net profit | £276,000,000 | £290,000,000 | £283,000,000 | -2.4% | |
| Insurance contract liabilities | — | £210,224,000,000 | £228,348,000,000 | +8.6% | |
| Total assets | £210,738,000,000 | £220,895,000,000 | £241,900,000,000 | +9.5% | |
| Total liabilities | — | £219,154,000,000 | £240,935,000,000 | +9.9% | |
| Equity | £2,273,000,000 | £1,741,000,000 | £965,000,000 | -44.6% | |
| Average employees | 0 | 0 | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Net margin | 3.8% | 4.0% | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- PHOENIX LIFE LIMITED 2005-12-29 → present
- ROYAL & SUN ALLIANCE LINKED INSURANCES LIMITED 1998-12-31 → 2005-12-29
- ROYAL HERITAGE LIFE ASSURANCE LIMITED 1986-06-09 → 1998-12-31
- LLOYD'S LIFE ASSURANCE LIMITED 1971-06-30 → 1986-06-09
Audit & accounting basis
- Accounting basis
- FRS 102, FRS 103
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As a result of this review, the Directors believe the Company has adequate resources to continue in operational existence over the going concern period assessed up to 30 June 2027. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- PHOENIX LIFE LIMITED · parent
- Phoenix ER1 Limited 100%
- Phoenix ER2 Limited 100%
- Phoenix ER3 Limited 100%
- Phoenix ER4 Limited 100%
- Phoenix ER5 Limited 100%
- Phoenix ER6 Limited 100%
- Phoenix Unit Trust Managers Limited 100%
- SunLife Limited 100%
- Pearl Private Equity LP 100%
- abrdn Global Real Estate Fund 31%
Significant events
- “During 2025, the Company continued its activities in the PRT market, completing 10 (2024: 15) PRT transactions, including 3 augmentations, with a combined premium of £3.9bn (2024: £5.1bn).”
- “During the year the Company sold £365m of ERM loans to Phoenix ER5 Limited ("PER5L"), a wholly owned subsidiary, in return for loan notes issued by PER5L.”
- “In March 2025 the Company launched the Standard Life Guaranteed Lifetime Income plan, which provides both the certainty of income and the flexibility of drawing it from the pension as and when required.”
- “The Part VII transfer of the TIP business took place on 28 March 2025 and the Wrap SIPP business is expected to transfer during 2026 following the conversion of the Wrap SIPP insured funds to self-invested funds.”
- “Dividends of £731m were paid to the parent company during the year (2024: £600m).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 87 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PEARL GROUP SECRETARIAT SERVICES LIMITED | Corporate Secretary | 2006-09-01 | — | — |
| BRIGGS, Andrew David | Director | 2022-10-01 | Mar 1966 | British |
| COOK, Karin Alexandra | Director | 2024-05-01 | Aug 1966 | British |
| GILL, Jora Singh | Director | 2023-06-01 | Oct 1965 | British |
| GREGORY, Mark Julian, Mr | Director | 2025-08-25 | Aug 1963 | British |
| HARRIS, Rosemary | Director | 2022-01-01 | Jan 1958 | British |
| HARRIS, Timothy Walter | Director | 2022-05-01 | Apr 1969 | British |
| MUIR, Martin John | Director | 2025-01-01 | Jan 1967 | British |
| NICANDROU, Nicolaos Andreas | Director | 2026-05-08 | Aug 1965 | British |
Show 87 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BERG, John Hilton | Secretary | 1998-07-01 | 2000-09-15 |
| BRIERLEY, Heather Gwendolyn | Secretary | 2000-09-15 | 2000-12-11 |
| EVES, Richard Anthony | Secretary | 1997-05-13 | 1998-07-01 |
| FOX, Jacqueline Elizabeth | Secretary | 2002-07-17 | 2004-09-30 |
| HUGHES, James Edward | Secretary | — | 1992-06-17 |
| JONES, Vanessa | Secretary | 2001-12-06 | 2002-04-26 |
| MILLER, Jan Victor | Secretary | 2002-05-01 | 2002-07-17 |
| MORGAN, David John | Secretary | 1992-06-17 | 1997-05-12 |
| WILMAN, Jennifer Jane | Secretary | 2004-09-30 | 2006-09-01 |
| YOUNG, Bernadette Clare | Secretary | 2000-12-11 | 2001-12-06 |
| BIGGS, Michael Nicholas | Director | 2005-06-02 | 2006-07-10 |
| BOWE, Amanda Helen | Director | 2018-08-31 | 2024-04-30 |
| BRADBURN, William John | Director | 2000-03-13 | 2002-09-30 |
| CAIRNS, Arlene | Director | 2024-04-01 | 2026-05-07 |
| CALVER, Ronald | Director | 1994-06-17 | 2000-03-13 |
| CARNIE, Jill | Director | 2000-03-13 | 2001-06-30 |
| CHEESEMAN, David Richard | Director | 2017-09-15 | 2019-07-17 |
| CLARKE, Stephen Andrew | Director | 2015-10-12 | 2022-10-01 |
| COWDERY, Clive Adam | Director | 2004-09-30 | 2005-09-06 |
| CRAINE, Roger | Director | 2003-06-26 | 2007-04-30 |
| CRASTON, Ian Adam | Director | 2023-06-01 | 2025-10-31 |
| CRITICOS, Nick | Director | 1998-04-09 | 2000-03-13 |
| CURRAN, Bernard Andrew | Director | 2020-10-01 | 2025-05-08 |
| DALE, Manjit | Director | 2008-06-12 | 2009-09-02 |
| DAVIDSON, Anthony Beverley | Director | 2005-01-26 | 2015-10-12 |
| EAKINS, Michael John | Director | 2020-07-23 | 2022-10-01 |
| EGAN, Philip Stephen | Director | 2000-03-13 | 2003-04-30 |
| EVANS, Jonathan Peter | Director | 2009-11-02 | 2016-08-31 |
| FERGUSON, Duncan George Robin | Director | 2005-01-26 | 2009-09-25 |
| GALLAGHER, James Daniel | Director | 2020-07-23 | 2021-09-30 |
| GREENFIELD, Richard Edward Keith | Director | 1998-04-09 | 2007-12-31 |
| HALL, Brian John | Director | 1997-12-19 | 2000-03-13 |
| HANBY, Peter Nicholas | Director | 2003-01-14 | 2004-04-01 |
| HANCE, Julian Christopher | Director | 1996-11-11 | 1998-04-23 |
| HASSALL, Margaret Grace | Director | 2020-07-23 | 2023-03-31 |
| HAWKES, Edward Jonathan Cameron | Director | 2008-08-13 | 2009-09-02 |
| HEATHER, David Murray | Director | — | 1993-08-12 |
| HOUGHTON, Richard David | Director | 2018-08-31 | 2019-12-31 |
| IQBAL, Mohammed | Director | — | 1996-08-31 |
| KEANE, John Joseph | Director | 2000-03-13 | 2002-08-31 |
| KERR, Andrew | Director | 2000-03-13 | 2003-04-30 |
| KIPLING, Michael Robert | Director | 2003-05-27 | 2008-07-10 |
| LISTER, John Robert | Director | 2016-09-01 | 2025-08-24 |
| LUSCOMBE, Kerr | Director | 2007-11-20 | 2010-02-09 |
| MAIDENS, Ian Graham | Director | 2005-03-31 | 2008-08-22 |
| MATTHEWS, Fiona | Director | 2004-02-26 | 2005-09-06 |
| MAYES, Peter Kane | Director | 2022-10-01 | 2024-03-31 |
| MCDONNELL, Patrick Francis | Director | 2005-06-02 | 2005-07-15 |
| MCINNES, Susan Davidson | Director | 2020-04-09 | 2020-10-01 |
| MCINNES, Susan Davidson | Director | 2018-04-18 | 2018-08-31 |
| MEANEY, Brid Mary | Director | 2021-04-01 | 2024-08-19 |
| MEEHAN, Brendan Joseph | Director | 2004-09-30 | 2005-09-06 |
| MERRICK, Michael John | Director | 2008-02-22 | 2014-05-19 |
| MILLER, Diana Susan | Director | 2015-05-21 | 2019-12-31 |
| MOHAMMED, Shamira | Director | 2014-10-07 | 2017-06-26 |
| MOSS, Andrew | Director | 2010-06-10 | 2022-10-01 |
| MOSS, Jonathan Stephen | Director | 2008-05-01 | 2009-09-02 |
| NEWMAN, James Allen | Director | 2006-08-30 | 2008-05-01 |
| O'BRIEN, Christopher David | Director | 1998-04-09 | 1999-11-30 |
| OSMOND, Hugh Edward Mark | Director | 2008-06-12 | 2009-09-02 |
| OWEN, Ian Bruce, Dr | Director | 2007-07-03 | 2009-09-09 |
| PARK, Jean Craig | Director | 2010-04-01 | 2013-06-19 |
| PARRY, David Ronald | Director | — | 1998-04-22 |
| PATER, George Stephan | Director | 1998-03-30 | 2002-10-31 |
| PEARS, Jonathan Robson, Dr | Director | 2018-08-31 | 2022-10-01 |
| PERCIVAL, Stephen Keith | Director | 2019-07-17 | 2021-03-31 |
| POTKINS, Martin | Director | 2007-07-18 | 2008-05-01 |
| POYNTZ-WRIGHT, Nicholas Hugh | Director | 2016-05-03 | 2024-12-31 |
| RICHARDSON, David Louis | Director | 2012-04-26 | 2013-01-31 |
| ROSS, Michael David | Director | 2008-06-12 | 2016-03-31 |
| SHORE, Donald | Director | — | 1998-04-30 |
| SIDWELL, John | Director | 1993-10-01 | 1996-08-05 |
| SINGLETON, Graham Lloyd | Director | 2007-11-20 | 2008-09-30 |
| SINGLETON, Graham Lloyd | Director | 2005-09-06 | 2006-08-30 |
| SMITH, John Simon Bertie | Director | 2008-05-01 | 2010-03-25 |
| SNOW, Anthony Wayne | Director | 2013-08-08 | 2018-03-15 |
| STOCKTON, Robert Paul | Director | 2007-03-29 | 2008-07-10 |
| TAMBERLIN, Layton Gwyn | Director | 2008-10-06 | 2009-06-04 |
| THAKRAR, Rakesh Kishore | Director | 2022-10-01 | 2024-07-31 |
| THAKRAR, Rakesh Kishore | Director | 2018-07-23 | 2020-05-15 |
| THOMPSON, Paul Andrew | Director | 2005-09-06 | 2006-07-10 |
| TREEN, William Raymond | Director | 2009-11-25 | 2015-05-21 |
| TRUE, Simon Charles | Director | 2013-09-02 | 2018-03-09 |
| URMSTON, Michael Norris | Director | 2009-11-11 | 2021-10-31 |
| WARR, Mike | Director | 2000-03-13 | 2002-10-31 |
| WHITE, Melvin | Director | — | 1998-04-21 |
| YATES, Jonathan James | Director | 2010-06-24 | 2011-12-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pearl Life Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 522 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-30 | AA | accounts | Accounts with accounts type full | |
| 2026-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-13 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-11-11 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-11-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-24 | CH01 | officers | Change person director company with change date | |
| 2025-08-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-26 | AA | accounts | Accounts with accounts type full | |
| 2025-06-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-29 | CH01 | officers | Change person director company with change date | |
| 2025-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-02 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.