Full Year 2020 Phoenix Group Holdings PLC Earnings Call Transcript
Hello, everybody, and welcome to Phoenix Group's full year results presentation. I hope you all keeping well during these troubling times. In line with the current government guidance, we've opted for Rakesh and I both to present from home.
I will start the presentation with a look back at 2020. Rakesh will walk through the financials in detail, and I will return to discuss the outlook going forward. The presentation will last approximately 45 minutes. And will be followed by a live Q&A session with Andy Moss, Andy Curran and Mike Eakins joining us.
So turning to the opening slide. 2020 was a landmark year for Phoenix with a significant number of achievements delivered in a uniquely challenging environment. We completed the acquisition of ReAssure to establish Phoenix as the U.K.'s largest long-term savings and retirement business.
We delivered record cash generation and record new business long term cash. And our financial strength allowed us to pay our planned dividends and enabled the Board to
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