British insurer Standard Life , formerly known as Phoenix Group, reported a better-than-expected rise in annual profit on Monday, buoyed by growth in its capital-light pensions and savings business and demand for retirement products.
The company, which specialises in buying and managing books of life insurance businesses closed to new customers, said 2025 adjusted operating profit before tax was 945 million pounds ($1.25 billion), while total cash stood at 1.71 billion pounds… [718 chars]
Source: Reuters | Published: 2026-03-16T07:08:23Z
Credit: Reuters
