Phoenix, which specialises in books of life insurance business, reported a record cash generation of 1.72 billion pounds ($2.24 billion) for the year ended Dec. 31, exceeding its annual target range of 1.5 billion to 1.6 billion pounds.
The company, like other insurers, recovered ground across the board last year after being hit by a pandemic-fuelled slump in business in 2020.
($1 = 0.7681 pounds)
(Reporting by Sinchita Mitra in Bengaluru; Editing by Sherry Jacob-Phillips)
