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Insider UK
Insider UK
Peter A Walker

Standard Life owner pledges to grow Scottish side

Phoenix has reported its highest ever cash generation of £1.71bn and raised its dividend following acquisitions.

About £400m of this cash generation was attributed to cost savings arising from the integration of the Standard Life and ReAssure brands.

Operating profit rose to £1.23bn in 2021, from £1.12bn the previous year.

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