Phoenix Group Holdings PLC - London-listed blue-chip life insurance provider - Independent Non-Executive Director Nicholas Shott buys 107,427 shares in the company at a price of 602 pence each on Monday. Total aggregate value is £646,711.

Earlier Monday, Phoenix reported a widened loss for 2022 due to a jump in net investment losses, but still increased its annual dividend. Pretax loss widened to £2.84 billion in 2022 from £430 million in 2021. Net income amounted to a loss of £31.75 billion, compared to a positive income of £24.54 billion. This was due to £38.1 billion in negative net investment income, compared to positive £18.0 billion. Phoenix declared a final dividend of 26.0p per share for 2022, lifting its annual dividend by 3.9% to 50.8 pence per share from 48.9p a year prior.

Current stock price: 592p, down 4.2%

12-month change: down 6.3%

Copyright 2023 Alliance News Ltd. All Rights Reserved.