1、Annual Report and Accounts 2022Phoenix Group Holdings plcWe are proud to be the UKs largest long-term savings and retirement business.With approximately 260 billion of assets under administration,we offer our c.12 million customers a comprehensive range of products across our market-leading pensions

2、,savings and life insurance brands.Together,were helping people secure a life of possibilities.Access the full reporting suite at Find out more on our website Our 2022 reporting suiteYou can find out more about our activities,financial performance,sustainability strategy and our progress to becoming

3、 a net-zero business by 2050 on our website and in our reporting suite.Topics coveredAnnual ReportSustainability ReportClimate ReportBusiness strategy&performanceRisk management Board governanceFinancial performanceSustainability strategySustainability governanceESG materialitySocial issuesClimate-r

4、elated risksClimate-related opportunitiesPerformanceIn this reportKey performance indicatorsOther performance indicatorsOperating companies cash generation1,504m(2021:1,717m)REM APMTotal ordinary dividend per share50.8p(2021:48.9p)Group Solvency II surplus(estimated)4.4bn(2021:5.3bn)REM Adjusted ope

5、rating profit1,245m(2021:1,230m)APMGroup Solvency II shareholder capital coverage ratio(estimated)189%(2021:180%)REM APMIFRS loss after tax(1,762)m(2021:(709)m)Incremental new business long-term cash generation1,233m(2021:1,184m)REM APMFitch financial leverage ratio30%(2021:28%)REM APMStrategic repo

6、rtAbout Phoenix Group 4Our investment case 6Chairs statement 8Group Chief Executive Officers report 10Our business model 14Our strategic priorities and KPIs 18Business review 28Stakeholder engagement 42Non-financial information statement 44Streamlined Energy and Carbon Reporting(SECR)statement 46Tas